MS Amlin invests in modelling and insight solutions with Moody’s RMS partnership

MS Amlin, the Lloyd’s global re/insurer, has partnered with catastrophe risk modelling and solutions company, Moody’s RMS, as it invests in a new suite of modelling and insight solutions.

Recently, the firm moved its Exposure Management team into its underwriting division to facilitate closer alignment and support efficient decision-making. It will be utilising several of Moody’s applications, including Exposure IQ, Risk Modeler, and Treaty IQ.

Dr Jessica Turner, Head of Exposure Management, MS Amlin, said, “The world is getting more complicated, with a multitude of constantly and quickly evolving factors and situations. The ability to deeply understand our exposures, to model scenarios, test a variety of hypothesis and then use that as the basis for our risk management and pricing is vital, if we are to continue our development as a leading Lloyd’s market player.

“I’m delighted to be working with Moody’s. Their modelling and analytical software will accelerate our capability and support our Insurance and Reinsurance lines, and we’re confident in Moody’s reputation as a partner that we can work with over the long term.”

This investment in the cloud-native Moody’s RMS Intelligent Risk Platform will inject new data and functionality to support its analysts as they provide vital insight to front-line underwriters, as well as capital and pricing teams.

It will also deliver more accurate and detailed information to guide business planning, risk and solvency assumptions and decisions around the firm’s internal capital model.

By onboarding multiple applications, MS Amlin will have access to an integrated solution across exposure management, catastrophe modelling, pricing and portfolio management, all of which forms part of a broader strategy to make the company’s modelling capability the new market standard.

Through this collaboration, MS Amlin intends to free up its analysis and modellers to focus on more high-value services, including the provision of more insight-driven consultancy across its business.

Michael Steel, General Manager, Moody’s RMS, commented: “We are delighted that MS Amlin has made this investment into the Moody’s RMS Intelligent Risk Platform, associated applications and models. Investing to empower your risk modellers and analysts through the provision of high-performance, intuitive, and integrated applications designed for their specific roles, and combined with the latest risk insights, in turn helps them to perform at their very best.

“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 to the wider business. We are looking forward to working with MS Amlin to achieve their risk management and business goals.”

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