Ed, the global reinsurance, wholesale and specialty broker, today announced it has licensed Ultimate Risk Solutions’ (URS) financial risk modelling software to help design bespoke risk mitigation solutions for its clients.
The analytical power of URS’ Risk Explorer will allow Ed to model its clients’ portfolios and evaluate large numbers of potential (re)insurance structures quickly and efficiently.
Combined with the expertise of Ed’s analytics team, clients will benefit from the sharpest insights into their exposure to loss volatility, enabling them to better manage their capital and increase their return on equity.
Jonathan Tilman, Group Chief Actuary, Ed said: “We can now rapidly process huge amounts of data to help us understand the risk hotspots in our clients’ portfolios, and design (re)insurance solutions that optimise our clients capital efficiency. The computational power of the system means that our team can focus their experience and judgement on creating bespoke solutions that best meet client needs.”
Alex Bushel, URS Founder and CEO, added: “Ed brings exceptional wealth of experience and deep professional knowledge of what insurers and reinsurers need to succeed in today’s challenging marketplace. I’m delighted that the power of URS technology is now expanding and strengthening their analytics capability, helping establish Ed as a truly global brokerage house.”