Malayan Insurance, one of many main non-life insurance coverage suppliers within the Philippines, has licensed Moody’s RMS Risk Modeler to assist improve its pure disaster threat analytics, the agency has revealed in a recent announcement.
Malayan Insurance goals to make use of Moody’s utility to raised perceive potential dangers, make knowledgeable choices, and enhance the stability and long-term profitability of their business.
Denden R. Tesoro, Senior Vice President, Chief Underwriting Officer, at Malayan Insurance, stated: “The threat panorama throughout the Philippines is frequently altering, and turning into more and more difficult, on account of points comparable to insurance coverage penetration, rules and naturally, the pure disaster’s that the area is liable to.
“But as the science and understanding of catastrophes grow, the technology to help understand and analyse these events also evolves. Working with partners such as Moody’s RMS further enables Malayan Insurance to continue to deliver the high standards of customer service and solutions that all our clients know and expect from us.”
Andrew Hare, Managing Director, APAC, Moody’s RMS, stated: “We are delighted to associate with Malayan Insurance as they undertake Risk Modeler. In navigating the complexities of a quickly evolving market, re/insurers require deep insights that provide quicker analytics, deeper insights, and extra environment friendly workflows to boost underwriting, threat switch, and pricing choices.
“We are confident that by harnessing the capabilities of Risk Modeler, Malayan Insurance can help their customers to elevate their risk management strategies, make better-informed decisions, and ultimately drive business growth.”
