An internet-based reinsurance management facility whose main focus is the efficient sale and purchase of reinsurance debt. The facility is aimed primarily at the run-off market, but the services provided are equally applicable to the live market.
This is an example of the work we have undertaken in designing and managing the development of web-based solutions for the insurance industry.
SubroCentre is a web-based subrogation platform that enables users to exchange subrogation demands electronically and attach supporting documents. The platform was originally used in the international marine cargo market, capturing data such as bills of lading, survey reports, estimates, photographs and other evidentiary documents to negotiate settlements online. The model can be deployed more widely for other classes of business.
ULTIMATE RISK SOLUTIONS
James, Brennan & Associates have partnered with Ultimate Risk Solutions, Inc. (www.ultirisk.com) to provide a range of DFA and other software products to the insurance and banking sectors. The core products are:
Risk Explorer – for DFA
UltiFit – used to fit statistical distributions to data samples
Excel translator – to convert Excel spreadsheets into compiled DLLs
Resolver – stochastic claims reserving
AD-HOC SPREADSHEET MODELS
Excel is a fantastic tool and James, Brennan & Associates' extensive experience and high competency in the field has involved us in delivering a wide range of financial models to our clients, including:
Reserving and data presentation
DFA and capital evaluation
Pricing using various techniques
We have a practical approach to model delivery and deployment based on relevant industry experience
JBA have operated and deployed three data models on the web:
Runoffcentre – reinsurance debt trading, and
Subrocentre – simple web-claims management
CAT-model - Our web-based platform for specific client assignments.
Our partnership with Ultimate Risk Solutions of New Jersey means that we have the finest technical tools for the purposes of DFA and related analytical services. The range of URS’s tools is constantly being extended and the major research currently being explored is a global economic scenario generator model.
Our skills in constructing ad-hoc spreadsheet models for many of our clients is highly valued and we are involved in a wide range of insurance related modelling projects.