How can Analyze Re help me?
Analyze Re PRIME provides you the tools to be more agile, faster, and make better business decisions potentially leading to reduced risk and more profits. The PRIME platform can help enhance your company’s abilities for strategic planning by identifying realistic business opportunities that align with your strategic objectives and constraints.
How does it help my teams write better business?
Analyze Re PRIME helps teams to understand the full picture relative to corporate strategy and market conditions. PRIME’s predictive analytics can uncover nonintuitive, optimal combinations of risks that can improve portfolio performance. The underwriter is now able to evaluate business opportunities while retaining full control to account for existing business relationships and companywide strategic objectives.
How much of a difference will it make to me / my team’s returns?
Depending on the size of the book of business and the complexity of the constraints, Analyze Re PRIME provides you with tradeoffs between increased return and reduction in risk. It is not uncommon to see large increases in expected return (in some cases we see more than 10%) while preserving or reducing risk appetite.
My company has a different view of profitability can the system be modified to use that?
Yes. Analyze Re PRIME is built to be flexible and adaptable. We will work with you to ensure your view of business is appropriately captured.
Can Analyze Re help me with retro planning?
Yes. Analyze Re PRIME can help with planning for new retro purchases or construction of portfolios that maximize the recoveries from existing retro coverage.
How can Analyze Re help me to execute on company strategy while maintaining established business relationships?
Analyze Re PRIME allows you to easily capture the relationships you have and incorporate them as constraints into the planning process. The speed of PRIME makes it possible to lock in key accounts and explore a wide range of scenarios before ever having to make a decision on binding a deal.
How can Analyze Re help me to align with the company’s strategy while giving me the flexibility I need?
Analyze Re PRIME helps underwriters to easily express their view of business, while navigating within the guidelines of the company’s strategic objectives. Analyze Re PRIME uncovers opportunities that complement the underwriter’s preference and thus leads to robust portfolio construction.
Can Analyze Re offer me actionable feedback?
Yes. Analyze Re PRIME identifies realistic business opportunities that both express your view of business and align with the strategic objectives of the company. It measures the robustness of each opportunity and helps you make decisions that steer you towards your objectives.
What data do we need to provide?
In the simplest case anonymized layered simulated losses (YLT), premiums, and initial shares are sufficient to produce actionable results. More detailed data sets offer higher resolution and greater insights. The system has the ability to import multiple different formats if required.
How soon can we use it?
In many cases, onboarding is a straightforward process and can be done in as little as 23 weeks. We work with you to tailor this to your timelines and work with you on the configuration and training of the system that matches your needs and goals.
What are the system requirements?
Analyze Re PRIME offers a few options when it comes to installing your system. We offer our managed-hosted solutions which are always provisioned with a sufficient amount of resources in order to satisfy the quality of service you require for your business. We will also work with you if you prefer to use your in house equipment provided it matches the proper specification.
Can Analyze Re PRIME be integrated with our current systems?
Yes. Analyze Re PRIME offers an Application Programming Interface (API). In fact, PRIME uses its own API for all of its functionality. The API is easy to use and we offer bindings for a number of popular programming languages.
Is our data protected?
Yes. Data communication with Analyze Re PRIME utilizes secure and encrypted communication channels (e.g. HTTPS). Persistent data stored in Analyze Re PRIME is always encrypted and protected from unauthorized access.
How is Analyze Re PRIME different from other off-the-shelf products?
Analyze Re PRIME is purpose-built for the (re)insurance industry, offering domain specific functionality, ease of use, and greater flexibility. It allows you to get meaningful results quickly without the need to learn programming.
What are Analyze Re PRIME’s reporting capabilities?
Depending of the granularity of data loaded into Analyze Re PRIME, it can perform analyses and report at different levels of resolution, including region/peril, individual underwriters, underwriting teams, business units, and overall book of business.
How many objectives does Analyze Re PRIME support?
The number of supported objectives is virtually unlimited. Our experience has shown, that meaningful problems typically have between 2 and 5 objectives.
What types of constraints does Analyze Re PRIME support?
Analyze Re PRIME supports a large variety of constraints, including constraints on individual objectives, subsets of deals, or specific region/perils or lines of business. The number of constraints a problem might have is unlimited.