BMS, the London-based independent specialist insurance and reinsurance broker, announced the launch of an analytics platform called Pathlight AnalyticsTM.
The platform is designed to harness the collective power of the analytics disciplines to better assist clients with examining, analyzing and interpreting data as it pertains to their specific capital and risk transfer goals and objectives.
Working across insurance and reinsurance, the platform is part of a strategic build-out of analytics thought leadership and proprietary solutions, said BMS, noting that it follows the appointment of Kirk Conrad as the global head of Analytics for BMS.
“The broking industry has been focusing too much energy on producing generic tools that show well but do not provide the actionable intelligence clients need,” said Conrad.
“The focus of the platform, and the broader company for that matter, is on addressing client challenges. We do not think in terms of actuarial capabilities, catastrophe analytics capabilities or rating agency advisory, rather, we think about how we can help a client improve their underwriting results or determine the most efficient use of capital,” Conrad added.
“Answers to these questions requires an environment that breaks down silos to include all of our analytics thought leadership,” he said.
“Existing pre-built analytics tools have limitations when approaching client-specific challenges. Pathlight Analytics closes the gap in the market for a tailored, independent approach,” commented Pete Chandler, CEO and president of BMS Re.
Source: BMS Group
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