London and New York - 7th of September, 2023
AkinovA, the Cloud-based marketplace for the transfer and trading of re/insurance risk, and Ultimate Risk Solutions (URS), the leading independent provider of risk modeling tools and services in the re/insurance industry, announced a strategic partnership. The collaboration seeks to achieve mutual growth in common markets, leveraging AkinovA’s innovative technology platform and URS’s advanced modeling suite of risk management software products to bring creative solutions to global corporates.
The partnership will offer AkinovA’s clients access to URS’s flexible and sophisticated risk modelling capabilities, allowing for elegant and efficient business decisions. URS clients, in turn, will be able to leverage AkinovA’s cutting-edge marketplace to efficiently transfer and trade risk exposures.
“In my 25 years of industry experience, it has always been the case that strong analytics grounded in actual data makes for a much better risk transfer for all: the insured, their brokers and advisers as well as the underwriting capital. This is all about all parties to a transaction being better informed so they can make better decisions about risk transfer including how it also impacts their capital position. This requires partnerships across different parts of the value chain. We are delighted to work with URS, one of the few independent modelling platforms available today.”David O’Gorman, Managing Director of Client Services and Head of Analytics at AkinovA.
“We are thrilled to partner with AkinovA and to bring our clients access to their innovative platform to transform the way they do business. This partnership offers both sides valuable exposure to new markets and potential clients.”Anya Kutsina, Co-Founder and Executive Director of URS
AkinovA is a neutral, secure, regulated, end-to-end electronic marketplace for insurance and reinsurance where risks can meet capital from a range of sources (including corporates/insureds, insurers, reinsurers, capital markets) animated by brokers, analytics and other service providers. It is a marketplace for insurance risk transfer and trading, and capital raising. AkinovA provides investors with access to great new investment opportunities often decorrelated from capital markets to help hit financial returns. AkinovA is regulated to trade with brokers, insurers, reinsurers, ILS funds, capital market investors, listed corporates, data, analytics and service providers in 41 countries (UK FCA AR and Bermuda BMA regulated, ISO27001 certified).
- Capital Raising and Acceleration Services – Securing risk capital and working capital for data rich, tech enabled fintechs, insurtechs, tech firms, renewable energy & ESG ventures, via a global ecosystem of analytics and services partners, investors and cap raising partners.
- Marketplace, Analytical Services and Trading – Secure, neutral, electronic marketplace for the transfer and trading of insurance, reinsurance, insurance linked securities and collateral.
For more information, please go to: https://www.AkinovA.com/
Founded in 2001, Ultimate Risk Solutions (URS) has offices and clients across the globe. Its clients include insurers, reinsurers, reinsurance brokers and financial regulators. URS platforms and solutions address a wide range of analytical challenges the re/insurance market faces in risk analytics, including reinsurance evaluation, economic and regulatory capital modeling, catastrophe risk management, asset management, strategic planning, and macroeconomic modeling. The firm has a rich history of helping clients cut through complexity while strengthening their understanding of risk using innovative analytics to design faster and better solutions.
For more information, please visit www.ultirisk.com/