CatX unveils AI-powered reinsurance submission creation & analysis tool

CatX, the digital marketplace that connects re/insurers and brokers with alternative capital, has launched a stand-alone artificial intelligence-powered tool called Catamaran for the creation and analysis of reinsurance submissions.

According to the announcement, brokers and underwriters will be able to use the tool to prepare high-quality structured submissions by uploading documentation or modelling files.

From what we understand, Catamaran’s AI model can extract any data point to populate a digital submission.

As well as this, the tool can also provide feedback on whether there is interest from CatX’s institutional investors in terms of offering capacity alongside indicative pricing.

Moreover, through a direct integration with the CatX platform, users will also be able to run third-party risk models from providers such as RMS and CyberCube.

If you recall, CatX recently partnered with CyberCube to enhance its cyber capabilities.

It has also been confirmed that investors and reinsurers will be able to use Catamaran to analyse incoming submissions and manage transaction pipelines.

The AI-powered tool also allows investors to run analyses to extract critical information about underlying portfolio and modelling data.

Benedict Altier, CEO of CatX, commented: “We have seen first-hand how effective structured digital submissions can be in securing better-priced capacity from institutional investors. They will help to grow the alternative capital market through enhanced transparency which supports decision-making and helps to attract a broader investor base.

“Artificial intelligence will play a key role in helping the industry improve standardization, while still requiring underwriters and brokers to review key details to ensure accuracy.”

Lucas Schneider, CTO of CatX, said: “With Catamaran, we are not only improving the quality of submissions but also paving the way for more advanced underwriting processes. Our machine-readable submissions are designed to facilitate algorithmic underwriting, ensuring that opportunities are accurately matched with the right markets.”

Felix Terpstra, Lead Engineer of CatX, added: “Catamaran is the easiest way to bring submissions to new capital sources. The tool can automatically build a comprehensive deal page containing structured transaction information, contracts and modelling files. Automating the basics allows underwriters and brokers to focus on getting the details right, therefore producing higher quality submissions with quicker turnaround times.”

The post CatX unveils AI-powered reinsurance submission creation & analysis tool appeared first on

Leave a Reply

Your email address will not be published. Required fields are marked *