Digiterre updates its data management platform for ILS fund managers

Digiterre, a software and data engineering consultancy with a specialism in institutional quality investment markets, has updated its insurance-linked securities (ILS) data management platform for ILS investment fund managers.

Digiterre’s platform is already used in the ILS sector, with specialist ILS and reinsurance linked asset manager Leadenhall Capital Partners among its client base.

Digiterre’s platform supports a wide range of ILS assets, including the management of life and non-life portfolios for specialist instruments, including private placements and catastrophe bonds, as well as IRS, CDS and FX Spot.

Data management is supported across the whole trade life cycle of assets and transactions, with updates now bringing in feeds from Bloomberg for asset pricing, coupons and FX rates, as well as functionality for cash forecasting, plus portfolio valuations and forecasting on a daily basis.

Ian Murrin, CEO and Founder, Digiterre, commented, said: “The enhancements to our modular insurance-linked securities (ILS) platform come at a time of potential high growth for the global ILS market, while supporting the needs of managers for increased responsiveness and agility during rapidly changing market conditions – agility that only a robust, scalable, integrated system can offer. The UK’s role in the sector continues to expand, with increased capital markets support of reinsurance business, a number of recent collateralised reinsurance transactions and a supportive regulatory and legislative regime.

“This trend will be strengthened with the growing awareness of climate related risks, including floods, windstorms and rising sea levels, not to mention pandemics and the need for improved risk transfer. The winners in this sector will be the organisations who effectively navigate the risk transfer, cash management and investor reporting challenges while remaining nimble and operationally lean.”

Luca Albertini, CEO, Leadenhall Capital Partners, also commented, “The implementation of Digiterre’s platform for trading, risk and operations within Leadenhall Capital Partners has significantly enhanced our ability to impose true rigour and discipline throughout all stages of our investment lifecycle. The platform has also enabled us to reduce operational complexity, increase productivity, continue to operate safely and effectively despite the challenges posed by the recent lockdown and ultimately make rational, data-led business decisions with greater confidence and clarity.”

The software supports ILS fund managers through its end-to-end suite of tools across the whole trade life cycle for ILS transactions and assets, from initial data input and validation, to data analysis, optimisation and reporting, as well as portfolio management features, including both net asset values (NAVs) and loss calculations, cash management and forecasting.

The Digiterre platform also integrates with external services such as with AnalyzeRe, bank reconciliation, supports the import of fund administrator data to automate the production of investor reporting, and the integration with feeds from Bloomberg for asset pricing, coupons and FX rates.

Software of enterprise quality is becoming increasingly important for ILS fund managers, particularly as they scale and portfolios gain size and number of positions.

In time, access to advanced software tool will become another differentiator for ILS investment managers, as well as a clear sign to clients of their institutional quality.