MultiStrat, the specialist underwriter, reinsurance investment facilitator and casualty insurance-linked securities (ILS) company, has appointed specialist software firm AdvantageGo to deliver it a holistic reinsurance and ILS solution to help in managing and operating the firm as it grows.Earlier this year, we reported that .It was also revealed at the time that MultiStrat had underwritten and placed more than 50 single and multiclass transactions since its launch in 2014.With the company continuing to grow and investor interest in casualty ILS opportunities on the rise, MultiStrat is looking to modernise its operations with the help of technology and has selected AdvantageGo to achieve that.

AdvantageGo, which is part of Coforge, said it has been selected to implement a holistic reinsurance and ILS solution for MultiStrat, with its AdvantageGo Underwriting Workbench sitting at the centre.AdvantageGo’s Underwriting Workbench enables enterprise scale underwriting, increases workflow efficiency, centralises visibility, management, and administration of contracts, automates low-value tasks and improves underwriting efficiency through workflow orchestration.MultiStrat selected the AdvantageGo Underwriting Workbench to support: The implementation of AdvantageGo’s system will leverage Insurants’ AI-driven data extraction tool, for automated data transformation and data triage prior to Workbench risk generation.

Kier James, CUO at MultiStrat, commented, “We’re delighted with our partnership with AdvantageGo.MultiStrat is currently undergoing a phase of rapid growth, and we believe that our partnership with AdvantageGo will allow us to better service the needs of our investors, clients and broker partners.” Ian Summers, Global Business Leader, AdvantageGo, added, “I’m pleased to announce this partnership with an innovative Bermuda market specialty (re)insurance organisation such as MultiStrat.Combining insurance linked securities (ILS), casualty reinsurance business, and capital market investors, will be a great canvas to get the most out of AdvantageGo’s Underwriting Workbench.”.

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