29 June 2017
LSE Headquarters, London
extent

Boat Services strengthens Cat Risk Modelling platform, with the integration of TigerEye, the industry leading pricing and portfolio management platform from Applied Insurance Technologies, a Subsidiary of TigerRisk Partners.

Cinnober: TigerEye Platform Now Available Through The Boat Oasis Platform

July 26, 2017

Boat Services strengthens Cat Risk Modelling platform, with the integration of TigerEye, the industry leading pricing and portfolio management platform from Applied Insurance Technologies, a Subsidiary of TigerRisk Partners.

On the 20th of July 2017, Boat Services announced the availability of TigerEye on Boat Oasis, the multi-peril cat risk modelling platform. Boat Oasis works with independent model providers, including ARA, COMBUS and CATRisk Solutions, to provide an independent, transparent and secure platform for (re)insurers to consume models.

TigerEye, the pricing and portfolio management platform, is the first external analytics platform to integrate with Boat Oasis, and is now available to clients to help maximise performance and enrich portfolios.

“We’re very excited to bring TigerEye’s industry leading reinsurance pricing and portfolio management capabilities to the Boat Oasis platform”Vladimir Kostadinov, Head of TigerEye Business Development.

TigerEye allows firms to leverage the full power of any vendor models to gain a robust picture of the underlying risk exposures and creates optimal risk to capital solutions. It enables firms to use modelling outputs to drive business decisions by answering questions such as “should we write this risk?”, “is this price acceptable”, and “how does this impact my portfolio” and provides responses within minutes.

“TigerEye is absolutely the right solution for the market and we couldn’t be happier to offer the tool to our clients. Boat Oasis was formed to provide the (re)insurance industry with a deeper understanding of risk and the integration with TigerEye helps us do exactly that” says Jamie Khurshid, CEO of Boat Services.

The integration with TigerEye will work seamlessly as TigerEye is model agnostic, facilitating data import from any vendor model or non-modelled losses describable by any actuarial distribution.

“Integrating TigerEye with the Boat Oasis platform is a great example of collaborative work between model vendors in our industry. Having TigerEye available on Boat Oasis benefits the insurance industry by providing a wholistic turn-key solution for multi-vendor catastrophe modelling and portfolio management”Jayant Khadilkar, Global Head of Analytics and Technology at TigerRisk.

Boat Oasis delivers a flexible, scalable and secure catastrophe modelling shared service via a hosted and fully managed environment and is operated on the Oasis Loss Modelling Framework (LMF). The platform was designed to be highly accessible and to easily deliver new and existing models to the market. The service is delivered by Boat Services Ltd, a UK subsidiary of Cinnober.

Source: Mondovisione