Reinsurance News recently spoke with Flandro, Managing Director, Head of Industry Analysis and Strategic Advisory at Howden Re, for our latest video interview, now available to watch in full, just weeks after the reinsurance broker released its comprehensive January 1st, 2026, renewal report.

During the interview, Flandro discussed the opportunities and risks that could emerge from what Howden Re describes as a period of re-balancing, highlighting the important focus on geopolitics and macroeconomics as these trends are a big part of what’s happening in the commercial insurance and reinsurance market.

“So, it’s really appropriate, because you don’t want to look at the insurance and reinsurance sectors in a vacuum right now. You want that macro fundamental view, because that may be actually what drives supply and demand going forward,” he said.

Flandro also dived into the growth outlook for segments beyond traditional lines such as cyber, renewables, and data centres, saying that it will be interesting to see what happens to demand for coverage as these areas grow in prominence.

We also discussed the alternative, or third-party capital space on the back of another record breaking year for catastrophe bond issuance in 2025, and the foray of the insurance-linked securities (ILS) space into areas like casualty.

As explored in Howden Re’s re-balancing renewal report, competition has increased in the reinsurance segment as supply outpaced demand at 1.1, and with an abundance of capacity, Flandro emphasised the need for brokers to be multifaceted.

“So, it’s treaty, fac, strategic advisory, capital markets, and finally, MGAs… So, just at a minimum, brokers have to bring all five of those things to the table, in addition to all of the other consultancies that we undertake. But that’s an important part of the story, more so than it was 10 years ago for sure,” he said.

To hear more from Flandro on these topics and other trends currently reshaping the re/insurance market, watch the full video interview, which is embedded below.

The post Plenty of opportunity for underwriters to achieve profitable growth: Flandro, Howden Re appeared first on ReinsuranceNe.ws.

The 2025 Reinsurance News Bermuda Legacy Market Roundtable report, in partnership with RiverStone International, is now available to download for free. 

Roundtable participants noted that even with reduced headline activity in 2025, the level of sophistication, planning, and strategic intent behind legacy transactions continues to deepen, pointing to a sector that is steadily consolidating its role within the broader insurance ecosystem.

It was highlighted that the market has matured as the perception of legacy has shifted in a positive way, with one participant describing the sector as being in an entirely different place from where it was a decade ago.

Panellists agreed that merger and acquisition activity among re/insurers is expected to be a big opportunity for the legacy space, as speakers underlined the importance of partnerships and relationships, the role of IRLA and AIRROC, and also the supportive and collaborative approach of Bermuda’s regulator.

During the insightful session, roundtable participants also discussed shifts in cedent motivations, the evolution of structures, landmark deals, repeatability, syndication, the shift in the investor base to private equity, and also talent in the legacy sector and the potential influence of advanced technologies, and more.

On the day, we were joined by the following participants from across the legacy sector:

• Jamie Saunders, Chief Underwriting Officer, RiverStone International.
• Dan Sanford, M&A Managing Director, Enstar.
• Adam Horridge, Director, Teneo.
• Steve Ryland, MD & Global Head of Retrospective Solutions, Acrisure Re.
• Steve Wallace, MD, Capital Advisory, Aon Reinsurance Solutions.
• Jane Newton, Chief Financial Officer, Xitus Insurance.
• Nick Miles, Partner, Kennedys.
• Damian Cooper, Insurance Partner, PwC.
• Thuan Ho, Head of Actuarial M&A, Compre.

Download your copy of the 2025 Reinsurance News Bermuda Legacy Market Roundtable here.

Thank you to RiverStone International for supporting our Bermuda Legacy Market Roundtable. We also want to thank all the speakers for bringing thoughtful insights and making the discussion truly engaging. We appreciate your time and contributions.

The post Reinsurance News Bermuda Legacy Market Roundtable 2025 appeared first on ReinsuranceNe.ws.

The approval enables ASIC UK to begin underwriting across selected specialty lines as an authorised insurance company and operate under the UK’s prudential and conduct supervisory frameworks.

ASIC UK says that being permitted under the accelerated authorisation pathway reflects its robust governance framework, operational readiness, and commitment to meeting the highest regulatory standards.

UK regulatory authorisation confirms that the insurer meets the rigorous PRA and FCA Threshold Conditions, ensuring that ASIC UK operates with the highest standards of financial stability, governance, operational resilience, and customer protection.

Shevawn Barder, AM Specialty’s Group Chief Executive Officer, commented on this important milestone: “This regulatory authorisation marks a significant milestone in AM Specialty’s international expansion and reinforces our commitment to building a fully compliant, operationally resilient insurance platform in the UK. The PRA and FCA approval is a testament to the quality of our governance arrangements, financial resources, and operational capabilities.”

Darren Powell, Chief Executive Officer of ASIC UK, said: “We are delighted to have achieved this important milestone. Securing PRA and FCA authorisation allows us to begin underwriting in the UK with the assurance that we meet all regulatory requirements and operate to the highest standards of governance and conduct. I look forward to leading our UK team as we bring AM Specialty’s disciplined underwriting approach and innovative specialty solutions to the UK market.”

ASIC UK, part of AM Specialty Insurance Group, will operate from its London home to support the Group’s strategic expansion into the UK and London Market.

The newly authorised insurer’s regulatory framework includes an independent Board, appointed Senior Management Function (SMF) role-holders under the Senior Managers and Certification Regime (SM&CR), and a comprehensive risk, compliance, and reporting structure aligned to PRA and FCA expectations.

In response to the authorisation, Dame Susan Langley, Lady Mayor of the City of London, highlighted the importance of the firm’s investment for London’s global financial leadership, stating: “AM Specialty Insurance Company is a major player in global risk management. Their decision to set up a UK presence is a real vote of confidence in London’s role as a world-leading centre for insurance and financial services.

“Moves like this really matter. They show that when leading firms weigh up where to build their next chapter, they’re choosing here and not there. London offers depth, talent, and a level of connectivity that’s hard to beat. And with the UK’s streamlined authorisation pathway, led by the new Office for Investment: Financial Services, we’re making it even easier for world-class companies to get up and running.”

Minister for Investment, Lord Stockwood, also commented on AM Specialty’s growth: “The UK is a thriving hub for financial services, and AM Specialty’s investment will help cement the UK’s position as a leading destination for global investment.

“With financial services identified as a key growth sector in our modern Industrial Strategy, AM Specialty is backing our aim to make the UK the number one destination for financial services by 2035, boosting economic growth and opportunities across the country.”

Further, Chris Hayward, Policy Chairman for the City of London Corporation, welcomed this regulatory development from an industry standpoint, saying: “I want to warmly welcome ASIC to London, bolstering the UK’s position as the world’s leading specialist and commercial insurance market.

“It is encouraging to see regulators deliver the first insurance approval through the UK’s accelerated authorisation pathway through the new Office for Investment: Financial Services, a partnership between the City of London Corporation, regulators and government. This milestone underscores our commitment to growth and sends a clear message to firms worldwide that the UK is open for business.”

Additional support for the insurer’s expansion also came from the UK Department for Business and Trade, with Hayden Boilini, Director of Financial & Professional Services, North America, underlining the collaborative effort that supported the Group’s entry into the UK market: “We are proud to have supported AM Specialty Insurance in accelerating their UK expansion, in collaboration with the Office for Investment: Financial Services team. This investment reinforces the UK’s position as a leading global hub for insurance and innovation. Our Financial and Professional Services team in the U.S. and Canada is committed to helping firms expand into the UK, driving investment and unlocking growth opportunities.”

Front row (left to right):

Dominic Cashman, FCA – Director of Authorisations
Dame Susan Langley, Lady Mayor of the City of London
Shevawn Barder, ASIG CEO
Chris Hayward, City of London Policy Chairman
Rahul Ahluwalia, Office of Investment CEO

Back row (left to right):

Grant Miller, ASIG General Counsel
Darren Powell, ASIC UK CEO
Olivia Barder, ASIG COO
Simon Barder, ASIG Chairman
Anastasia Nishnianidze, City of London Trade and Investment Director

The post AM Specialty Insurance Company obtains UK regulatory authorisation appeared first on ReinsuranceNe.ws.

On November 6th, supported by global legacy player RiverStone International, we hosted our Bermuda Legacy Market Roundtable, during which nine experts provided valuable insights on market trends.

The discussion focused on what has worked well for the legacy sector in recent times, the improved connection with the live market, opportunities for all deal sizes, partnerships, the evolution of structures, as well as the supportive and collaborative role the Bermuda Monetary Authority (BMA) plays, and much more.

“The market has matured significantly,” said Jamie Saunders, Chief Underwriting Officer at RiverStone International. “Compared with 10 years ago, transactions are now more structured and strategic. They are capital solutions rather than last‑minute actions.”

Roundtable participants agreed that while there’s more work to do, the perception of legacy has improved considerably, aided by some landmark transactions, with speakers emphasising the importance of partnerships.

“Partnership is crucial. We have completed multiple transactions with repeat counterparties, and that continuity strengthens integration and overall efficiency.

“Completion of a transaction is not the end of the relationship. It continues throughout the life of the liabilities. This longer‑term partnership approach has been an important shift in recent years,” said Saunders.

The need for transactions across the full spectrum was also noted by roundtable participants, as well as the potential for syndication and repeatability, and innovative structures such as revolving LPTs.

With the roundtable taking place in Bermuda, the island’s supportive regulatory landscape was underlined, and speakers stressed that for a legacy player, Bermuda is a natural home, further supported by the establishment of IRLA Bermuda last year.

“In the four years we have been in Bermuda, we have not seen regulatory changes that materially affected us. Consistency is a strength. Bermuda has an engaged regulator, and open dialogue is always available,” said Saunders.

Stay tuned as we’ll be releasing the full 2025 Bermuda Legacy Market Roundtable report, in partnership with RiverStone International, in the coming weeks, which will include much more commentary and valuable insights from all of the expert legacy market executives that joined us.

On the day, we were joined by the following legacy market experts and leaders:

• Jamie Saunders, Chief Underwriting Officer, RiverStone International.
• Dan Sanford, M&A Managing Director, Enstar.
• Jane Newton, Chief Financial Officer, Xitus.
• Thuan Ho, Head of Actuarial M&A, Compre.
• Steve Ryland, Managing Director, Global Head of Retrospective Solutions, Acrisure Re.
• Steve Wallace, Managing Director, Capital Advisory, Aon Reinsurance Solutions.
• Adam Horridge, Director, Teneo.
• Damian Cooper, Insurance Partner, PwC.
• Nick Miles, Partner, Kennedys.

The post Bermuda Legacy Roundtable: A more mature, structured market sets the stage for new opportunities appeared first on ReinsuranceNe.ws.

In the latest Reinsurance News video interview, now available to watch in full, da Victoria Lobo explained how Swiss Re is embedding a technology-first mindset across the organisation.

“Here at Swiss Re, we believe AI is transformative, and it’s transformative for what it will do on the underwriting assessment. It’s transformative on what it will do for claims management, and it’s transformative what it will generally do for productivity,” he said.

He continued: “We’ve really embedded in the company the mantra that, in whatever role people work, they should have a technology-oriented mindset.”

“I think the technology is complemented by human decision-making. We believe that technology and AI will really make the underwriters better educated, better decision-makers, and more responsive to the need. That’s how we see the empowerment of AI.”

On innovation and sustainability, he highlighted Swiss Re’s efforts to create new ways to tackle long-standing risks and the importance of public private partnerships. “I’m very proud that Italy, this year, is launching its new natural catastrophe law and system. And again, it’s clear that it will be improved over time, but the Italians are taking action, and we should applaud them for doing so.”

On the topic of parametric insurance, da Victoria Lobo highlighted Swiss Re’s approach: “Secondly, I think when you talk about the parametric Center of Excellence, Swiss Re has done parametric insurance and reinsurance for many years, but we bring this all together in this new reinsurance Center of Excellence so that we can help clients innovate and also expand the use of this very responsive form of insurance.”

The executive said that Swiss Re is dedicating significant effort to making sustainability a commercial solution for clients, particularly through initiatives like build back better. “We have teams working with clients to embed mitigation and resilience features into everyday reinsurance,” he explained.

“By transferring that know-how to our clients, they in turn help their own clients become more resilient. For me, AI and these new structures, as you say, will hopefully make insurance not only more accessible but also more approachable for everyday people.”

Watch the rest of the video to hear his insights on emerging technologies, secondary perils and frequency covers, the upcoming 1.1 reinsurance renewals, and more.

The full video interview is embedded below.

The post AI is transformative for the reinsurance industry: Swiss Re’s Nikhil da Victoria Lobo appeared first on ReinsuranceNe.ws.

Guidée said his interactions with clients will centre on “looking at adequately priced risk” and noted clients look for “reinsurers who have a willingness and the ability to pay claims when they arise.”

On current market conditions, Guidée described the environment as stable and well-balanced. “The market looks healthy and balanced,” he said. “There are lower cat losses than expected this year but given increasing weather volatility globally there’s still strong interest in the cat market.”

Asia’s protection gap remains a major concern. Referencing the July 2025 OECD report, ‘Protection Gaps for Insurance for Natural Hazards and Retirement Savings in Asia’, Guidée pointed out that “Asian countries have a higher protection gap than other continents despite the considerable exposure to natural hazards such as typhoon and flooding.”

He highlighted the report’s findings that “for the 2019–2023 period, average annual economic losses were 165% greater than for the first five years of the new century (2000–2004) and that for the period 2000 to 2023, less than 7% of economic loss was insured, with more than half of the countries at less than 5%.”

Discussing how climate and exposure trends are changing, he said, “Increased rainfall, typhoon intensity, and rising sea levels in many parts of the world are affecting the hazard profile. Coupled with the greater hazard we expect large increases in exposure, particularly in cities, and the expectation is for higher economic and insured losses in the future.”

Guidée also emphasised the long-term social and economic benefits of re/insurance, citing the AXA XL supported Cambridge University Report ‘Optimising Disaster Recovery’. “Each percentage point increase in insurance penetration (non-life premiums divided by a country’s GDP) reduces recovery from disaster by 12 months,” he said.

“Lower income households are more at risk. The Cambridge report noted that in countries with very low insurance penetration, recovery is greater than 4 years and, in some cases, the region never recovers.”

For AXA XL Reinsurance, public-private collaboration is essential. “We are very interested as a reinsurer in the complementary role public risk transfer mechanisms play when co-ordinated with the private markets,” Guidée said. “We see the beneficial effect they bring when disaster strikes.” He added, “Getting families and businesses back on their feet quickly, and in a better state – a reformative recovery – is one of the largest benefits re/insurance provides our clients and communities.”

Research partnerships continue to inform the company’s strategy. “We use our research partners to promote a better understanding of risk and allow us to speak to our clients comprehensively about the risks they face now and also in the shorter and longer term,” Guidée said.

“The wildfire research commissioned from the Cambridge Centre of Risk Studies shows that building codes in California have had a positive impact on the risk – properties built to chapter 7a code are 2.8 times more likely to survive a wildfire. By raising awareness of this kind of research, we can help be part of the solution.”

Looking ahead, Guidée sees technology and data analytics as key to enhancing decision-making. “AI can assist in sorting large volumes of unstructured data and has potential to enhance our modelling capabilities,” he said. “We are constantly innovating and researching and will continue to invest in this area for our clients.”

The post AXA XL Reinsurance CEO Renaud Guidée on closing Asia’s protection gap: SIRC 2025 appeared first on ReinsuranceNe.ws.

We spoke with Romagne around the 2025 Baden-Baden Reinsurance Meeting, where the industry gets together to accelerate discussions kicked off last month in Monte Carlo ahead of the 1.1 renewal season.

Romagne explained that, for him, the rise of secondary perils are key and he expects that to be one of the most pressing trends at this year’s Baden-Baden conference.

“As an industry, we need to think differently about what are traditionally referred to as secondary perils,” he said.

“Wildfire is now almost as big a risk in Europe as in the US. We are using our research partners to promote a better understanding of risk and allow us to speak to our clients comprehensively about the risks they face both in the shorter and longer term.

“The wildfire research commissioned from the Cambridge Centre for Risk Studies shows that building codes in California have had a positive impact on the risk – properties built to chapter 7a code are 2.8 times more likely to survive a wildfire.

“By raising awareness of this kind of research, we can help be part of the solution,” continued Romagne.

In light of elevated loss activity from secondary perils such as wildfires, floods, and severe convective storms, Romagne emphasised that there is greater demand for protection ahead of the key January renewals, with a lot of focus on catastrophe covers expected.

“Catastrophe is only part of our global portfolio. Casualty, Aviation, Marine, Credit and Surety are all just as important, each with its own technical issues,” said Romagne.

Overall, Romagne feels that the market “looks good” in the run up to 1.1.

In terms of the management of AXA XL Reinsurance’s natural catastrophe exposures ahead of the renewals, Romagne emphasised that the firm has a focus on aggregate risk diversification.

“We have put a lot of work into rationalising our portfolio and it has been effective for us. The market is not short of capacity but our appetite is unchanged, we assess on a case-by-case-basis, and evaluate the relevance and the value of our clients’ business” he said.

At the upcoming renewals, AXA XL Reinsurance is keen to grow with its strategic clients and work with them throughout the cycle, explained Romagne.

“We listen to, partner and find solutions that help our cedants manage volatility sustainably. Understand what’s changed in their portfolios, their underwriting policy, their Terms & Conditions. Transparency and data quality are key to allow us to offer the best service we can,” he said.

Throughout the second half of this year, noise of market softening has intensified, although numerous industry leaders have stressed that while rates have come down from the highs of 2023, it is still an attractive market with adequate returns in many areas.

This year, reinsurers are expected to once again meet their cost of capital, but in light of the softening environment, we asked Romagne what companies need to do to ensure they continue to meet their cost of capital in 2026 and beyond.

“It requires experience and expertise, financial and reputational capital, and robustness and discipline to be able to be active in the market and bring value to clients but that’s what we do,” he concluded.

The post Rise of secondary perils key but reinsurance market ‘looks healthy’ ahead of 1.1, says AXA XL Reinsurance’s Romagne appeared first on ReinsuranceNe.ws.

After a period of hardening, the market has evolved into a more balanced environment in 2025, a trend that is anticipated to continue, Ali highlighted.

“Strong capitalisation, disciplined underwriting, and continued inflows from alternative capital are sustaining market stability,” he explained.

Despite significant losses in the first half of the year, notably from the California wildfires, Ali emphasised that resilience has been demonstrated through double-digit returns on equity and sustained investor confidence in insurance-linked securities (ILS) and catastrophe bonds.

According to Ali, the balance observed in 2025 will carry on through 2026. “While certain lines may experience gradual softening, the overall market will remain selective,” he said.

“Segments impacted by losses will still require technical pricing, whereas portfolios with strong performance may see modest easing. The fundamentals of capital discipline and risk adjusted returns remain intact, pointing to a sustainable environment,” Ali continued.

Discipline, a key factor in the market’s recent success, is something Ali also expects to hold through 2026.

“The lessons of recent years have reinforced underwriting discipline across the industry, and we believe it will hold. At Active Re, discipline is embedded in governance, pricing, and capital management frameworks. MGAs — while posing regulatory and compliance challenges — remain an efficient mechanism to extend our reach into new markets and lines of business. Their value lies in speed and expertise, but success requires rigorous oversight, robust risk controls, and alignment with technical standards,” said the COO.

Active Re reports in its 2024 Annual Report that it operates with seven MGAs spanning Latin America, North America, EMEA and APAC, which together manage approximately 46% of its USD 223.8 million gross written premium through delegated authority programs.

Discussing the evolution of reinsurance pricing at the 1/1 2026 renewals, Ali commented that property catastrophe rates are predicted to remain firm given ongoing climate volatility and elevated retrocession costs.

“In property ex-cat and casualty, moderate easing could emerge in well-performing portfolios, though always within analytical and disciplined parameters. Across all lines, negotiations will remain focused on maintaining sustainable, risk-adjusted margins,” he added.

Reinsurers are expected to once again exceed their cost of capital in 2025, but with the market softening from the highs of 2023, we asked Ali what players need to do to continue to meet their cost of capital.

“Reinsurers must continue delivering technical excellence, optimising expenses through lean operations and digitalisation, and employing capital solutions such as retrocession and structured partnerships. Active Re leverages an integrated model – treaty, facultative, and MGA channels — underpinned by rigorous ERM. This helps protect margins and deliver value to both shareholders and cedants,” he said.

Part of the so-called market reset in 2023 saw reinsurers move away from frequency risks as increasing losses from secondary perils consistently drove elevated losses. The frequency and severity of events such as floods, wildfires, and severe convective storms continue to rise, so we asked Ali how his firm is addressing these perils.

“We address secondary perils through enhanced modelling, detailed exposure analytics, and close collaboration with cedants. Our pricing incorporates explicit peril assessments, ensuring terms reflect the underlying risk profile. Diversification across geographies and lines of business mitigates concentration, while we actively promote prevention and resilience initiatives with our clients,” said Ali.

Looking ahead, the long-term sustainability of the market depends on “continuous innovation, disciplined capital deployment, and robust enterprise risk management”, Ali stated.

“To withstand systemic challenges — from climate and cyber to geopolitical instability — the industry must attract alternative capacity and embed ESG principles into strategy. Active Re’s six pillars — sustained growth and diversification, investment and global market outlook, innovation and digital transformation, operational performance optimisation, business development and GRC culture, and talent structure and management — support our forward-looking approach, ensuring resilience for clients and long-term value for stakeholders.” he added.

Active Re sees significant growth opportunities in developing markets, as well as in trade credit, surety, and specialty segments through MGA partnerships, which enable the carrier to “extend into niches and regions where agility and expertise are crucial, while maintaining rigorous oversight.”

“Technology adoption, ESG alignment, and disciplined underwriting will continue to underpin this expansion,” he highlighted.

The company’s recent A (Excellent) AM Best rating reaffirmation supports its strategy of global expansion into new markets and lines of business.

“The AM Best reaffirmation validates Active Re’s ability to sustain profitable growth while diversifying globally. It provides confidence to our cedants, brokers, and partners that we can continue expanding into new markets, lines of business, and MGA partnerships under strong governance — reinforcing our commitment to long-term value creation,” concluded Ali.

The post Balanced reinsurance environment to persist into 2026: Active Re appeared first on ReinsuranceNe.ws.

For the latest Reinsurance News video interview, now available to watch in full, we spoke with Swiss Re’s Nikhil da Victoria Lobo about market dynamics across his regions as the industry prepares to meet in Baden-Baden.

The discussion covered supply demand dynamics, the outlook for the 1.1 renewals, rising secondary perils and frequency covers, emerging technologies such as AI, as well as the role of innovative structures like parametric risk transfer, and more.

“First, it’s probably a good moment to say, I think the reinsurance market is generally quite efficient right now and quite stable. But obviously, if you look a little bit under the fundamentals, you see some underlying strengths, but also challenges,” he said.

As examples, da Victoria Lobo highlighted climate and natural catastrophes, the fact certain jurisdictions in Europe are adjusting their motor bodily injury tables, and the highly unstable global landscape.

“So, all of this put together, clearly our focus as Swiss Re coming to Baden-Baden will be on stability, consistency, continuing to be partners. But I’d also highlight to the audience that, again, the industry is very resilient, but there are fundamental challenges in society,” he continued.

Commenting on the upcoming 1.1 reinsurance renewals, da Victoria Lobo said that he expects a lot of consistency with what Swiss Re has messaged in recent years, but expects climate, the economy, and geopolitics to be three burning topics as the carrier digs deeper “into how it manifests itself in our renewal discussions.”

Watch the full video interview with Swiss Re’s da Victoria Lobo to hear more on the January renewals, the impacts of secondary perils and whether this signals a return to frequency covers, what reinsurers need to do to ensure they keep meeting their cost of capital in the softening environment, and also the role of emerging technology and some of the biggest challenges and opportunities for P&C reinsurance heading into 2026.

The full video interview is embedded below.

The post Stability & consistency key for Swiss Re ahead of Baden-Baden & Jan renewals: Nikhil da Victoria Lobo appeared first on ReinsuranceNe.ws.

Reinsurance News recently spoke with Allphins about how its platform is helping underwriters and exposure managers move beyond traditional monitoring to achieve greater precision, speed and discipline in underwriting and portfolio management.

As reinsurance portfolios widen across more regions, classes and perils, EM is reportedly being asked to do something it was not always designed for: actively shape business, not just record it.

That is the argument from Allphins, the data-and-analytics specialist pitching EM as a live, decision-ready capability for underwriters and exposure teams.

According to the firm, there’s pressure to stay abreast of new tools, navigate noisy data, and retain skilled teams, all while maintaining meaningful underwriting discipline under the watchful eye of investors, the capital markets, Lloyd’s, regulators and boards.

“The tools and data at our disposal are more powerful than ever, but their complexity is a double-edged sword. EM professionals aren’t being asked to do more with less; more challengingly, they’re being expected to do more with more,” Allphins continued.

Laurent de la Porte, Allphins’ CEO, explained that EM has a role in “evaluating concentration, gaps and exposure so that you can optimise allocation.”

He added that the use of EM to balance risk in reinsurance is not just about tracking tolerances, but instead actively shaping the portfolio, anticipating concentration risk, finding overlooked correlations, and pushing back on false certainties.

“Like all data tools, what you get out is always a reflection of what you put in; so EM has imperfections. But insight shapes strategy, and EM offers robust insight in a discipline where the temptation to mould the theory to the narrative is always great,” Allphins said.

De la Porte also noted that Allphins’ data insights are often used as much for operational reporting as for portfolio analysis.

“After an event, investors, boards, and capital providers want numbers, often before cedants themselves have completed their assessments. But this need for speed creates tension with the realities of data availability and accuracy,” he said.

With this in mind, Allphins told Reinsurance News that it transforms exposure management from a reactive exercise to a proactive underwriting tool.

“Using Allphins, underwriters can understand the marginal contribution of a given cedant on its overall portfolio in terms of exposure distribution and premium. This lets underwriters maximise premium income while staying within specific exposure capacity limits and distribution constraints.

“Unlike incumbent systems, Allphins maintains live calculation for all scenarios. This means that an underwriter can adjust their line size on a treaty and immediately see how it affects admin-zone accumulations, peril concentrations, and overall portfolio balance. They can test multiple participation scenarios to find the optimal allocation before binding.”

On reconciling the need for rapid loss estimates with incomplete or imperfect data, the firm explained, “During a Cat event, because the exposure data, financial terms are up-to-date, and the scenarios calculations are ‘live’ in Allphins, re/insurers can have a detailed estimate of their exposure in near real time.

“Live events’ footprints from trusted sources are automatically fed directly into the system via API every 2 hours. Users can also upload a specific geoshape as better geogranularity data becomes available. Shapes can be overlaid with their exposure, and damage ratios applied to the ground-up exposure. This enables fast exposure calculation across their overall portfolio of cedants.”

With risks becoming more complex and diverse, Allphins also highlighted how it ensures exposure management teams have the tools and insights to keep pace.

“Allphins democratises complex exposure analysis by making it accessible to all the team members, not just experts. It’s designed to be user-friendly,” the firm explained.

“This eliminates over-reliance on modelling teams. The platform provides embedded analytics (year-over-year comparisons, TIV splits by multiple dimensions), which is always live and easily accessible. Its visualisation capabilities, such as heat maps at administrative and hexagonal levels, reveal concentration patterns that tables or lists obscure.

“In addition, Allphins’ infrastructure handles both exposure data and financial structures, and analytics into a single platform.

“This eliminates the need to juggle across multiple systems. This integrated approach means teams can respond to complex questions about cross-cedant accumulations or multi-peril scenarios without lengthy data extraction and manipulation processes.”

Finally, on how EM can support underwriting discipline in today’s volatile market, Allphins said, “From our experience, Cedant’s data submissions are diverse in quality and quantity. Seemingly clean data on the surface can fall apart under detailed scrutiny. With Allphins, exposure managers can assess and benchmark data quality across cedants or insureds.

“Also, Allphins automatically validates and enriches every single risk (address, asset names, or entity names), exposing potential gaps.

“This fundamentally changes the negotiation dynamic. Instead of trusting cedant representations, exposure managers can verify them with granular, enriched data. That’s the leverage our clients need in today’s evolving market.”

The post Allphins: Transforming exposure management with real-time data insights appeared first on ReinsuranceNe.ws.