TechInsights

Digiterre Announces Updates to Insurance-Linked Securities (ILS) Data Management Platform for Investment Managers

Platform updates come at a time of growth in UK’s share of global ILS market1 and heightened awareness of climate-related risks such as floods and pandemics.

By Digiterre

16/07/2020

Platform updates come at a time of growth in UK’s share of global ILS market1 and heightened awareness of climate-related risks such as floods and pandemics.

Digiterre, a software and data engineering consultancy, today announced updates to its data management platform for the insurance-linked securities (ILS) industry. The platform supports the management of life and non-life portfolios for specialist instruments, such as private placements, Cat Bonds, IRS, CDS and FX Spot, across the whole trade life cycle, and now features feeds from Bloomberg for asset pricing, coupons and FX rates; cash forecasting; and portfolio valuations and forecasting on a daily basis. Ian Murrin, CEO and Founder, Digiterre, said: “The enhancements to our modular insurance-linked securities (ILS) platform come at a time of potential high growth for the global ILS market, while supporting the needs of managers for increased responsiveness and agility during rapidly changing market conditions – agility that only a robust, scalable, integrated system can offer. The UK’s role in the sector continues to expand, with increased capital markets support of reinsurance business, a number of recent collateralised reinsurance transactions and a supportive regulatory and legislative regime. This trend will be strengthened with the growing awareness of climate related risks, including floods, windstorms and rising sea levels, not to mention pandemics and the need for improved risk transfer. The winners in this sector will be the organisations who effectively navigate the risk transfer, cash management and investor reporting challenges while remaining nimble and operationally lean.”

Luca Albertini, CEO, Leadenhall Capital Partners, said: “The implementation of Digiterre’s platform for trading, risk and operations within Leadenhall Capital
PRESS RELEASE Partners has significantly enhanced our ability to impose true rigour and discipline throughout all stages of our investment lifecycle. The platform has also enabled us to reduce operational complexity, increase productivity, continue to operate safely and effectively despite the challenges posed by the recent lockdown and ultimately make rational, data-led business decisions with greater confidence and clarity.”
Digiterre’s modular, end-to-end suite of data management platforms supports the whole trade life cycle for ILS, from data input and validation to data analysis, optimisation and reporting, and encompasses portfolio management, including both NAVs and loss calculations, cash management and forecasting It also provides support for portfolio operations, including integration with AnalyzeRe, bank reconciliations, the scheduled ingestion of fund administrator data to automate the production of investor reporting, as well as feeds from Bloomberg for asset pricing, coupons and FX rates.

1 Artemis Insurance-Linked Securities Deal Directory https://www.artemis.bm/dealdirectory/?gclid=EAIaIQobChMIls7_tMrM6gIVCbrtCh356AbGEAAYASAAEgJ3xvD_ BwE

About Digiterre
Digiterre is a software and data engineering consultancy that enables technological and organisational transformation for many of the world’s leading organisations. We envisage, design and deliver software and data engineering solutions that users want, need and love to use. We deliver “Agility at Greater Velocity”, because we care about creating outstanding outcomes and because we take ownership for solving the toughest technical challenges. As a consequence of this approach, we typically deliver high-risk, high-profile and time-constrained projects in less time than competitors, often significantly so.

For more information, visit www.digiterre.com
Media contacts
Lape Runsewe Digiterre UK Ltd

Email: laper@digiterre.com

Tel: +44(0)207 381 7960