BMS launches data analytics platform

Specialist insurance and reinsurance broker BMS has launched Pathlight Analytics, which helps clients examine data to drive better insight into their specific capital and risk transfer goals and objectives. The platform works across both insurance and reinsurance.

Kirk Conrad, global head of analytics at BMS, said: “The broking industry has been focusing too much energy on producing generic tools that show well but do not provide the actionable intelligence clients need. We like to say that BMS provides answers not output.

“The focus of the platform, and the broader company for that matter, is on addressing client challenges. We do not think in terms of actuarial capabilities, catastrophe analytics capabilities or rating agency advisory, rather, we think about how we can help a client improve their underwriting results or determine the most efficient use of capital.

“Answers to these questions requires an environment that breaks down silos to include all of our analytics thought leadership. Building this platform has been an exciting project. Using it allows us to work more closely with our clients delivering agile analytics insights to achieve their goals.”

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