Gallagher Re has announced the deployment of the Allphins risk management platform, becoming the first reinsurance broker to be licensed for the tool.
The global broker has signed a multi-line agreement covering real estate, onshore energy and terrorism businesses for the platform.
The deployment comes at a time of continued pressure on property catastrophe rates, encouraging brokers to look for additional tools to help cedents navigate these dynamics and optimize their treaty structures, while also providing reinsurers with the clear data and answers they need to deploy capabilities.
To do this effectively and manage real-time incident response during natural disasters and severe geopolitical shocks, brokers need granular real-time risk analytics for optimal management during busy update cycles and real-time crises.
Brokers can now use the Allphins platform to gain immediate visibility into a cedant’s current portfolio and its year-on-year development.
Deployed directly to clients by Gallagher Re’s London team, the tool is able to identify potential conflicts and visualize build-up across the terrorism, energy and property spectrum. These capabilities are critical for both responding to field events and designing treaties.
Laurent de la Porte, CEO of Allphins, commented: “Market softness has placed a greater focus on structural terms and treaty design. To combat this, brokers need auditable, real-time risk data. By deploying Allphins across the property and specialty sectors, Gallagher Re is well-positioned to help cedants optimize their reinsurance programs while providing reinsurers with the high-quality data they need to make capacity decisions faster and more efficiently.”
More than 30 reinsurance entities already use Allphins for risk management, and Gallagher Re has identified other business categories as potential opportunities for further growth.
