Acrisure Re, the reinsurance division of Acrisure, has launched AcrisureIQ PRO, a new tool aimed at enhancing the optimisation of reinsurance portfolios.
The tool is the latest development within the AcrisureIQ platform, which is designed to simplify complex data into actionable insights for clients.
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AcrisureIQ PRO allows clients to adjust their portfolios by assessing various business segments, consolidating portfolios and evaluating different reinsurance programmes to create risk transfer solutions.
It encompasses several functionalities including AcrisureIQ Score, a risk scoring application programming interface that utilises predictive analytics and machine learning to refine underwriting and decrease losses.
AcrisureIQ Respond is a suite that provides immediate insights during catastrophic events, aiming to reduce the impact of losses and speed up the recovery process.
AcrisureIQ Spatial, powered by SpatialKey, is a geospatial tool that presents visual representations of exposure data to aid in risk identification and strategy optimisation.
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By GlobalDataAcrisure Re global head of CAT Ming Li said: “The launch of AcrisureIQ PRO marks an important step forward in our analytics and catastrophe modelling capabilities.
“By integrating predictive tools, geospatial analysis and real-time event response, we are giving clients actionable intelligence that directly informs better risk transfer and portfolio management decisions.”
Acrisure Re CEO Simon Hedley stated: “With AcrisureIQ, we are equipping clients with a comprehensive suite of analytical tools that goes beyond data reporting. It is about delivering meaningful insights that strengthen their ability to manage risk, make confident decisions and achieve stronger results in an increasingly complex market.”
In March, the company appointed a number of executives to its Corporate Advisory & Solutions division.
The appointments include Lauren Johnson as head of funds at Lloyd’s, Assad Negyal as head of pricing, David Ryan as head of exposure management and Lucas He as vice-president of retrospective solutions.
