Allphins, TransRe to launch energy analytics platform

Paris-based Allphins , risk management solution built specifically for the energy insurance industry, and global reinsurer TransRe have announced a partnership to develop a data analytics platform for offshore energy reinsurance.

TransRe will use Allphins software to digitize its treaty reinsurance contracts, constantly monitor its aggregate exposures, and identify attractive market opportunities.

“Managing offshore energy exposures presents numerous challenges, given the diverse asset ownership structures, and the inconsistent naming of installations. Allphins allows energy (re)insurers to unlock efficiencies using technologies such as our risk identification engine and aggregation scenario generation tool. We are very pleased to be working with TransRe, a company that clearly understands the many advantages of adopting new technologies in specialty (re)insurance.” – Laurent de la Porte, CEO of Allphins.

“We are excited by the opportunities that our partnership with Allphins offers. The Offshore Energy industry is complex, involving many assureds, and overlapping insurance coverages. Allphins’ technology will provide a complete and transparent picture of the risks, which in turn will improve our service to our customers and their brokers.” – Graham Daly, TransRe London’s Marine & Offshore Energy Leader.