Tokio Millenium Re, a division of Tokio Marine, has licensed the Oortfolio catastrophe modeling software from Praedicat.
Oortfolio "allows reinsurers to quantitatively evaluate the risk in the portfolios of their clients and to tailor reinsurance solutions to underlying emerging risks," the companies claim.
“Using data from Oortfolio, casualty reinsurance underwriting has an entirely new toolkit of quantitative data that we can use to enhance our client solutions,” said Chris Carpol, Specialty Casualty Underwriting at Tokio Millenium Re.
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