London: Thursday 7 July, 2016: Neon, the specialist Lloyd’s insurer, today announces that it has selected TigerRisk Partners’ TigerEye® platform as its pricing and roll-up tool to support the company’s increasing presence in the property reinsurance marketplace.
As previously announced, after completing a strategic review of the business, Neon will be entering the property reinsurance treaty market gradually and with a highly disciplined underwriting approach. TigerEye is a powerful, fast, and intuitive reinsurance pricing and portfolio roll-up platform.
The platform was developed five years ago and is now being licensed as the structuring and portfolio management tool of choice for a wide range of insurers, reinsurers, collateralized funds and model vendors. Darren Lednor, Chief Underwriting Officer of Neon commented: “Key to our success in the property reinsurance market will be advanced analytics, and for that reason we have selected TigerEye. “We see opportunity in treaty reinsurance and are confident that the underwriting expertise we have in house, combined with market leading analytics afforded to us through the use of TigerEye, will allow us to develop strong and mutually beneficial reinsurance partnerships.”