AdvantageGo will begin to implement a holistic reinsurance and insurance-linked securities (ILS) solution for MultiStrat.
This will be implemented through the company's AdvantageGo Underwriting Workbench, a platform which aims to enhance workflow efficiency through centralised visibility, management and automation of low-value tasks.
MultiStrat offers alternative asset managers and pension funds the ability to invest in reinsurance through individual reinsurance transactions or independant reinsurance companies. The firm selected AdavantageGo's workbench as it is said to support MultiStrat's underwriting and capital management teams, apply advanced data extraction capabilities, and aligns with the company's workflows.
Ian Summers, global business leader at AdvantageGo, states: "Combining insurance-linked securities, casualty reinsurance business, and capital market investors, will be a great canvas to get the most out of AdvantageGo’s Underwriting Workbench."
Chief underwriting officer at MultiStrat, Kier James, concludes: "We’re delighted with our partnership with AdvantageGo. We believe that our partnership with AdvantageGo will allow us to better service the needs of our investors, clients and broker partners."
