Lloyd’s (re)insurer MS Amlin has partnered with risk modelling and solutions company Moody’s RMS to boost its exposure management and modelling capability.
The firm has invested in Moody’s RMS Intelligent Risk Platform to inject new data and functionality to support its analysts, providing better insights to frontline underwriters, as well as capital and pricing teams.
The new functionality will also deliver more accurate and detailed information to guide business planning, risk and solvency assumptions, and decisions on capital models.
MS Amlin will also use different Moody’s applications, including Exposure IQ, Risk Modeler and Treaty IQ.
By onboarding multiple applications, the company will have access to an integrated solution across exposure management, catastrophe modelling, pricing and portfolio management.
With increased workflow speed and efficiency, MS Amlin aims to free up its analysts and modellers to focus on more high-value services, including the provision of more insight-driven consultancy.
Jessica Turner, head of exposure management at MS Amlin, comments: “The world is getting more complicated, with a multitude of constantly and quickly evolving factors and situations. The ability to deeply understand our exposures, model scenarios, test a variety of hypotheses, and then use that as the basis for our risk management and pricing is vital.
“[Moody’s] modelling and analytical software will accelerate our capability and support our insurance and reinsurance lines.”
Michael Steel, general manager at Moody’s RMS, states: “The applications eliminate the burden of manual workarounds and allow decision makers to focus on exploring and asking ‘what if’ questions using a uniform data set, and to share and integrate relevant insights into the wider business.”
