Peak Re, a Hong Kong based reinsurer, has selected Applied Insurance Technologies’ (AIT) pricing and portfolio management platform, TigerEye, to support its underwriting strategy.
TigerEye will aid Peak Re’s management of catastrophe exposures and assist in optimising their reinsurance portfolio.
TigerEye is a powerful, intuitive, model-agnostic portfolio roll-up and reinsurance structuring tool. TigerEye enables reinsurers to make data-driven business decisions in real-time through the ability to quickly evaluate the pricing of individual programs with the associated marginal impact on an existing portfolio. TigerEye enables reinsurers to rapidly roll up their entire portfolio and evaluate the individual programs that are driving the portfolio loss exposure, supporting optimisation efforts.
Lawrence Cheng, Head of Underwriting at Peak Re, says: “At Peak Re, we pride ourselves on our analytical capabilities in our underwriting decision as well as our ability to deploy our capital efficiently. The adoption of TigerEye allows us to enhance our capabilities to make informed real-time decisions and provide a high level of service for our business partners and clients, as well as delivering long-term values for our shareholders.”
Iain Reynolds (pictured), Head of Analytics at Peak Re also expressed: “We are impressed with both the efficiency and transparency TigerEye can bring to Peak Re’s catastrophe management processes. Implementing TigerEye is an important step in achieving Peak Re’s aim of maintaining state-of-the art analytic capabilities.”
Vladimir Kostadinov, Head of TigerEye Business Development, adds: “We are incredibly excited to partner with Peak Re to provide industry leading analytical capabilities to support them in becoming a top-tier reinsurance partner. Our technology will provide Peak Re with the tools needed to strengthen their growing business.”
