MS Amlin Underwriting Limited (MS AUL), the Lloyd’s (re)insurer, today announces it has entered into a service agreement with Allphins, the Insurtech data analytics platform, to support its exposure management capabilities.
The agreement will enable MS AUL’s marine and energy reinsurance division to use the Allphins platform to digitalise existing exposure data and access Allphins’ specialist datasets and analysis tools. Using Allphins’ innovative technologies will enable MS AUL to analyse its portfolio in greater detail, map out aggregate exposure, and generate different scenarios, thus supporting faster and more informed decision making.
Tom Clementi, CEO of MS AUL commented: “Technology is transforming the way (re)insurers underwrite and manage risk. As the risk environment facing us and our clients continues to evolve and become more complex, utilising cutting-edge and innovative technology will become more essential. We have a long history of partnering with Insurtechs that can bring value to our business, and this new and exciting agreement with Allphins is a testament to our continued commitment to digital innovation and the use of smart technology to further cement our position as a (re)insurer of the future.”
Laurent de la Porte, CEO of Allphins commented: “MS Amlin is at the forefront of Insurtech innovation and we are extremely excited to cement our relationship with such a successful business. Digital transformation is the key to unlocking the power of data and through the use of innovative and emerging technologies, the Allphins platform provides (re)insurers access to an unparalleled view of their risks.”