Malaysian Re has licensed AIR Worldwideâ€™s catastrophe risk modelling platform for portfolio management and new risks.
The company is deploying the AIR solution to support its reinsurance operations for a broad range of risk management solutions including risk pricing and portfolio management and as a tool to help expand into new markets and lines of business.
â€œAs Malaysian Re continues to maintain its strong market presence in Asia, the Middle East and North Africa, we are also expanding into new markets,â€� said Zainudin Ishak, president and CEO of Malaysian Re.
â€œWe need to enhance ourselves with a modern and advanced risk management software that can assist us to better quantify, analyse and manage our exposure to risks,â€� he added.
This post was syndicated from InsuranceAsia News. Click here to read the full text on the original website.