Gallagher Re launches automated analytics platform

Global reinsurance broker Gallagher Re has launched Gallagher Automated Insurance Analytics, a scalable, automated analytics platform aimed at reducing the time to mine and analyse data for insights. GAIA collects and enriches data from disparate systems, runs it through automated modelling workflows and then delivers pricing, portfolio optimisation and e-placement options.

Ed Messer, head of Analytics at Gallagher Re, said: “The big investments and rapid build outs of broker modelling capability witnessed at the turn of the century, represented only the first wave of reinsurance analytics power and potential.

“Value-added analytics consultancy, which goes far beyond the reinsurance transaction, is now an accepted and expected part of the client offering. But many of those legacy systems are today cumbersome and costly to maintain; they struggle to keep pace with the speed of technological change.

“In GAIA, we offer a long-term, strategic alternative that utilises the latest cloud-based technology and can be quickly and easily scaled in a considered, commercially viable and impactful way.”

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