Redline Underwriting (Redline) has entered into a long-term agreement with Moody’s RMS to adopt its risk modeller application, available on the Moody’s RMS Intelligent Risk Platform (IRP).
Redline is a Lloyd’s coverholder specialty underwriting firm.
As part of the mandate, Moody’s RMS will work with Redline to help onboard the platform and application.
The modeller will streamline Redline’s processes, creating a workflow from account underwriting, to portfolio management, aggregation and reinsurance catastrophe treaty analysis.
Moody's will train its team to implement the application in-house.
Additionally, the agreement will allow Redline to continue its expansion into the Latin American market.
It will also assist with its investment into new locations.
Commenting on the partnership, Adriana Cisneros, head of underwriting at Redline, says: “This represents a significant step for Redline as a startup MGA. Engaging in a cat modelling capability at such an early stage underscores our commitment to offering the best underwriting platform to our capacity providers.
“Implementing the IRP will improve our understanding of underwriting criteria for placing profitable business and end-to-end workflow for account-level metrics. It will also allow us to set up successful streamlined processes for managing accumulation and portfolio management.”
