TigerRisk and JBA collaborate on technologies
TigerRisk Partners, the reinsurance intermediary and capital advisory firm, and JBA Risk Management, the hazard modeling specialist, have entered into an agreement to integrate their respective technologies where beneficial for common clients and prospects.
The partnership involves a collaboration of TigerEye™, TigerRisk’s proprietary reinsurance treaty pricing and portfolio management platform, with JCalf® catastrophe models.
TigerEye, a model-agnostic platform used throughout the re/insurance industry, enables analysis of complex reinsurance structures to be undertaken quickly and easily.
JCalf, JBA's catastrophe loss modeling platform, facilitates probabilistic loss assessment for a range of natural hazard perils, with models covering 20 percent of global gross domestic product (GDP).
“Our collaboration with JBA allows us to provide deeper insight and understanding of flood risk for our clients,” said Jayant Khadilkar, partner at TigerRisk.
“Integrating JCalf with TigerEye means we now have a high-fidelity platform from which to advise appropriate reinsurance options to mitigate the effects of flood risk.”
“Our partnership with JBA is the first of what we hope will be many. Our goal is to improve efficiencies in the insurance industry by partnering with like-minded partners to offer holistic solutions in the risk management space.”
Dr Iain Willis of JBA added: “By integrating JCalf with TigerEye we are able to rapidly process more complex reinsurance structures with greater ease. The post-processing capability of TigerEye is time-saving and allows us to deliver our unique flood modeling insight with added reinsurance modeling capability.”
“Our partnership with TigerRisk helps us provide our clients with greater reinsurance modeling capability – it means we can handle increasingly complex reinsurance terms and conditions with greater speed.”
