Important broker agnostic network launches fresh CPRI capacity, via browser or API, to any broker.
London, 6 July 2023 - Dialogue, a leading independent credit and political risk insurance digital trading network, announces a partnership with Beazley Smart Tracker Syndicate 5623. This new partnership has launched the first digital “smart follow” mechanism in the Credit and Political Risk Insurance (CPRI) market and is open to any broker. The initial successful transactions were successfully completed in June 2023 by the specialist insurance broker Miller.
Dialogue's network brings together granular oversight and real-time algorithmic control in one package. These features allow follow underwriters to tailor underwriting appetite and capacity to their needs in real-time, offering a dynamic solution that goes beyond traditional treaty reinsurance agreements. By leveraging Dialogue's robust data model, insurers can access clear and informative data and analytics to structure their portfolio management.
Ben Heaney, CEO at Dialogue said: “We're excited to have initiated this innovative approach within the CPRI landscape. Enabling underwriters and brokers to operate more efficiently, and make informed, data-driven decisions is what we are all about. Following our successful proof of concept, we're optimistic about the potential of our offering in enhancing how the market trades specialty risks.”
Will Roscoe, Head of Portfolio Underwriting at Beazley said: “Beazley is pleased that Syndicate 5623 is providing follow capacity to Dialogue’s innovative digital trading network. The platform is enabled to facilitate smart underwriting and provides excellent analytics and reporting.”
Ben Heaney: Jul 11, 2023 7:00:00 AM
