Partnering with data providers, Dun & Bradstreet, Russell Group has created a matching service which matches and reference each portfolio's insureds. This will allow any insured to be identified through a universal identifier, removing the need to match on name only. The service will link any subsidiary insured companies to its ultimate parent company and identify the industry segments(s) that an insured operates within.
ALPS Casualty is the first generation of Russell products to utilise the new matching service. The service will enable underwriters in the London Market to define and model actual or as if events and scenarios on first loss or next loss basis. Therefore, giving underwriters both a gross and net of reinstatement and reinsurance.
Casualty Underwriters will benefit from ALPS Casualty as not only will they be able to understand their exposure and capital utilisation but also their underlying risk prior to capital commitment. This will improve underwriter's risk selection and optimisation of capital. ALPS Casualty has been designed for identification, validation and generation of new underwriting products.
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