Northern Re, the collateralized reinsurance company that provides investors with access to the returns of its long-tail casualty underwriting business, has expanded its use of Ultrassure’s platform from an initial pilot to production deployment for contract workflows across its reinsurance operations.Ultrassure is an AI contract intelligence platform that’s purpose-built for insurers, reinsurers, managing general agents (MGAs), and brokers.Headquartered in Toronto, Ultrassure transforms complex policies, treaties, binders, endorsements, brokerage documents, and related materials into structured, searchable, evidence-linked intelligence, which helps teams to review, compare, analyse, negotiate, and audit insurance contracts with greater speed, consistency, and control.According to the announcement, Northern Re’s expansion of the platform follows a period of evaluation and workflow testing by the firm’s team.

During the pilot, Northern Re and Ultrassure reportedly worked together to refine the platform’s fit for day-to-day contract work, with a particular focus on usability, responsiveness to feedback, and operational readiness.The production rollout also reflects Northern Re’s choice to transition the platform into active operation following its evaluation in live workflows and the analysis of its potential to enhance contract operations with improved consistency, efficiency, and control.During the pilot phase, Northern Re and Ultrassure collaborated to identify practical improvements to essential workflows, while also ensuring that the platform met the requirements of a production setting.

That process included feedback on how teams interact with complex contract materials, as well as how quickly workflow changes could be incorporated, and how the platform performed in the context of ongoing operational demands.Furthermore, the move from pilot to production also comes as insurance and reinsurance teams continuously look for practical ways to manage complex document workflows without adding unnecessary operational burden.Peter McKelvy, Co-Founder of Northern Re, commented: “We take a measured approach to production technology decisions.

Ultrassure demonstrated value in live workflows, responded quickly to feedback, and continued to improve in areas that mattered to our team.Expanding into production supports our efforts to handle contract work with greater speed and consistency.” Matti Parnanen, Founder and CEO of Ultrassure, said: “We are proud to expand our work with Northern Re.Northern Re brought thoughtful feedback and a high standard throughout the pilot, and that collaboration helped us strengthen important workflows in the platform.

We are pleased to support their team in production and to keep building software that fits the realities of insurance contract work.”.All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance can be accessed online.Our can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.