Russell Group launches new casualty risk management product
UK-based risk management solutions provider Russell Group has launched a new offering that enables casualty underwriters model, price and manage connected risks.
ALPS Casualty has been designed to support the analytical modelling of liability exposures emanating from the corporate industry, according to the company statement. The new product enables casualty underwriters to define and accurately model actual or as if events and scenarios on first loss or next loss basis, gross and net of reinstatement and reinsurance.
Created in partnership with data provider Dun & Bradstreet, ALPS Casualty will allow any insured to be identified through a universal identifier, removing the need to match on name only. The service links any subsidiary insured companies to the ultimate parent company, whilst also identifying geographies and industry sectors that the insured operates within.
"ALPS Casualty is the first of a new generation of ALPS products that will help underwriters to model, price and manage connected risk," said Russell Group CEO Suki Basi.
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