Swiss Re Insurance-Linked Fund Management

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Nephila the first market for Lockton Re auto placement solution


Reinsurance broker Lockton Re and the largest insurance-linked securities (ILS) manager Nephila Capital have worked together on a new automated placement solution, designed to make the flow of reinsurance capital more efficient.

nephila-capital-article-logoLockton Re announced today the launch of what it calls “a first-of-its-kind, digital capability,” its Lockton Re SAGELink Automated Placement Solutions.

Claude Yoder, Global Head of Analytics at Lockton Re, explained, “Continuing our investment in technology & innovation, Lockton Re has initially partnered with Nephila Capital, the largest catastrophe insurance-linked securities manager in the world, to create a fully automated submission to quoting capability.

“Marrying best in class analytics and forward-looking technology, Lockton Re and Nephila have each deployed custom-built APIs which, via Lockton Re SAGELink, enable Lockton Re to uniquely identify, model, submit and receive pricing of reinsurance on behalf of cedents.”

The technology is designed to automate the typically weeks long process of price discovery between reinsurance intermediary broker and reinsurer, helping to tighten the integration of treaty visualisation features with reinsurance capital provider underwriting workflow management, producing added value for cedents, the companies said today.

Claude Yoder added, “These new digital broking features are a truly unique capability within the marketplace and a credit to our commitment to leading through innovation and the talented analytics and technology teams at both firms. This technology enables sophisticated scripting of catastrophe modeling, submission bundling, and quote workflows. It has moved the technology needle for the (re)insurance industry.”

Nephila Capital consistently strives to ensure its insurance and reinsurance risk capital is as efficiently deployed as possible, so it’s no surprise the ILS manager has helped to develop such a system.

Of course, control is important though, to enable an underwriter or risk capital provider to ensure only business that meets its preferences and risk appetite can be underwritten automatically.

Broker placement tools have been appearing regularly of late, as they increasingly realise the need to better integrate their clients needs, with the appetites of the risk capital supporting them.

This can help ILS fund managers like Nephila Capital access risk more efficiently, helping them keep risk capital more competitively priced and to maximise returns for their investors.

Broker placement tools benefit their owners as they provide a smoother way to secure reinsurance capacity for their clients.

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