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Allphins and Gallagher Re discuss real-time exposure data for reinsurance
The interview says faster, granular exposure calculations help brokers and reinsurers distinguish risk rather than relying on averages in softer market conditions.
Reinsurance News reports that Allphins and Gallagher Re are using real-time, granular exposure data to change how brokers and reinsurers make decisions, with the outlets framing the shift as increasingly important in a softer reinsurance market.
In an interview, Allphins CEO Laurent de la Porte said Allphins turns detailed data into complex exposure calculations quickly, arguing that speed gives market participants the ability to differentiate between risks rather than pricing on averages.
The story also says Gallagher Re’s Ed Messer, Head of UK Analytics, discussed how the technology is being used for portfolio management, including avoiding overexposure across perils, lines of business, geographies, and industries, as well as live event tracking.
The article adds that the discussion includes what it may take to bring alternative capital into the specialty insurance space.