US-based insurance coverage firm Accelerant has launched a threat trade platform for speciality underwriters.
At the moment in beta, the Accelerant Danger Alternate platform is out there to members together with insurance coverage firms, threat capital companions, and speciality underwriters.
The platform hyperlinks speciality underwriters with a handpicked group of capability suppliers.
It’s designed to offer a wide range of capabilities, together with entry to a variety of threat capital sources, from institutional traders to insurance coverage corporations; permitting underwriters to entry the capability to write down the chance of their selection.
The platform additionally leverages knowledge to offer insights to assist underwriters make knowledgeable selections and provides instruments to assist underwriters handle their dangers, enabling them to scale back dangers and increase profitability.
Accelerant CEO and co-founder Jeff Radke stated: “By enabling our members to entry numerous completely different capability suppliers together with Accelerant to greatest match the chance, our purpose is that Accelerant Members by no means have to fret about capability once more.”
Accelerant Danger Alternate chief working officer Matt Sternberg stated: “The Danger Alternate provides us the flexibility to introduce further capability for our members, the place each single Accelerant member nonetheless retains the long-term capability assure from the suitable Accelerant-owned insurance coverage firm. It is a outstanding paradigm shift for the business.”
Individually, Bloomberg reported that Accelerant has raised $150m in a funding spherical led by Barings.
The funding valued the corporate at $2.4bn, up from $2.2bn following an funding final 12 months.
