Ariel Re selects Allphins for exposure and risk management
Global Reinsurer, Ariel Re selects Allphins’ specialist data analytics and technology platform.
Allphins uses cutting-edge technologies including machine learning algorithms to digitize policies, identify risks and deliver actionable insights for improved decision making, solving, once and for all, the challenge of risk recognition across large datasets in the reinsurance industry. Ariel Re’s adoption of the Allphins platform will enable the reinsurer to generate accurate exposure figures faster and produce in-depth analysis over their Marine and Energy book of business.
Emily Leitch, Head of Marine & Energy at Ariel Re comments: “We selected Allphins for three reasons; the platform can perform the aggregation calculation live; we can easily provide exhaustive figures to our retro partners and last, but not least, the platform functions as a portfolio management tool for improved decision making.”
Laurent de la Porte, Allphins’ CEO and co-founder said “Digital transformation is key to unlocking a wide range of capabilities: from smart exposure management, to improved risks selection and portfolio management. Not only does Allphins add significant efficiency into the process, but it also acts as a catalyst to enhance underwriters’ profitability. We are very excited to work with Ariel Re.”
Allphins considerably reduces the manual work usually performed on spreadsheets, which can be very time-consuming and prone to errors or approximations. With Allphins, analysis are now made available during underwriting and as a consequence, users can secure real-time analysis before writing a risk.