Partnering with data providers, Dun & Bradstreet, Russell Group has created a matching service which matches and references each portfolio's insureds. This will allow any insured to be identified through a universal identifier, removing the need to match on name only. The service links any subsidiary insured companies to the ultimate parent company, whilst also identifying geographies and industry sector(s) that the insured operates within.

 

ALPS Casualty is the first generation of Russell products to utilise this new service and enables casualty underwriters to define and accurately model actual or as if events and scenarios on first loss or next loss basis, gross and net of reinstatement and reinsurance. 

 

ALPS Casualty enables casualty underwriters to understand their exposure, capital utilisation and underlying risk prior to capital commitment. The benefit to underwriters is better risk selection, optimised capital and improved response to market opportunities for new risk products. 

Russell Group CEO, Suki Basi commented on the launch of ALPS Casualty "ALPS Casualty is the first of a new generation of ALPS products that will help underwriters to model, price and manage connected risk".