General Insurance Article - AmTrust signs up to ReMetrica for Life, Health & Pensions


Aon Benfield has licensed ReMetrica for Life, Health & Pensions to insurer AmTrust at Lloyd’s. ReMetrica is Aon Benfield’s risk and capital modelling platform.

 One of the first companies to license ReMetrica for Life, Health & Pensions, AMTrust at Lloyd's was looking for more detailed analysis of its capital to explore expansion plans. The platform enables insurers to perform ‘what if’ analyses and assess the impact of underwriting new lines of business with different pricing and reinsurance options.
  
 In addition, as an existing user of the general insurance version of ReMetrica for its internal capital model, the new components for Life, Health & Pensions mean that results from both its life and non-life businesses can be aggregated for a holistic view of its capital positions.
  
 ReMetrica for Life, Health & Pensions, which was launched in January 2015, evaluates the risks of long term products to more accurately shape reinsurance purchases, predict cash flow and analyse financial strategies.
  
 George Sweatman, Chief Risk Officer for AmTrust at Lloyd’s said:
 “ReMetrica’s proven track record with AmTrust meant we were keen to adopt its Life, Health & Pensions edition as our business needs evolve. The platform was quick to integrate and easy to use which has allowed our actuaries to be self-sufficient and undertake more insightful analysis. This will also, crucially, allow us to model our life and non-life liabilities together seamlessly.”
  
 Irfan Akhtar, Head of Development for ReMetrica for Life, Health & Pensions, added:
 “These new components employ a sophisticated but simple-to-use interface so insurers can quickly and efficiently set-up models. As part of the support package, our life actuaries managed the data conversion process from AmTrust’s existing system to ReMetrica. In addition, we helped with model point groupings. All of this meant that less time was spent setting up the model and more time spent analysing business results.”
  

Back to Index


Similar News to this Story

IPT receipts triple in last decade
This morning’s HMRC Insurance Premium Tax bulletin reveals show that total IPT receipts for the last complete financial year 2024 to 2025 were £8.88 b
Insurance market capacity expands as systemic threats grow
Aon has released its Q2 2025 Global Insurance Market Insights report. The report outlines a rare and potentially short-lived moment in the global insu
Insurance market for hydrogen may reach over USD3bn by 2030
Hydrogen demand could increase fivefold by 2050, while clean production may rise to 60% by 2035, driven by significant investments and planned project

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.