Specialty re/insurer IQUW has teamed up with insurtech Zywave to use the technology provider’s loss data product to support its new pricing model in its cyber and D&O lines of business. IQUW hopes the collaboration will enable it to make faster and more accurate underwriting decisions.

Andy Lewis (pictured), cyber lead underwriter, IQUW, said: “The partnership with Zywave is another step in IQUW’s vision to blend data insight with human expertise to create a market-leading re/insurer.

“Using Zywave’s real-time loss data, alongside the underwriting team’s expertise and other third-party data, we have been able to create a new pricing model that will enhance our understanding of risk as well as providing clients with greater understanding of potential claims.”

Zywave’s loss data is a global database including more than one million loss events.

Fay Reinhold-Shor, UK regional manager at Zywave UK, added: “We are delighted to partner with IQUW and support their new pricing model with our loss data product.”

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