Loss data will power additional insights into Connected Risks for (Re)Insurers and Corporates

Russell Group are pleased to announce the latest expansion of the company’s data universe via a comprehensive loss data license with Advisen, a Zywave company.

Chief Executives must focus on maximising shareholder value while managing corporate risks. In today’s complex risk landscape, these two priorities are under threat from Connected Risks. As a result, emerging and systemic risks pose looming obstacles for corporates and their (re)insurers. These additional datasets, which include the largest repository of Cyber, US D&O, International D&O and Casualty case collections, will power and drive the Russell Universe, Russell Scenario Factory, and Russell ALPS solutions for Russell’s clients and partners in both the specialty (re)insurance and corporate sectors.

This multi-year licensing agreement represents a significant advance for Russell, as not only does it extend its current specialty business offering, but also serves to signal Russell’s intent to expand its book of business with service offerings aimed at the US marketplace.

Suki Basi, Russell Group Managing Director, commented: “Our ability to inform our corporate and insurance company clients continues to grow as we integrate data to assess the significance of external risks and their impact on our clients’ exposures. We are extremely pleased to partner with Zywave and incorporate their state-of-the-art Advisen loss data into our unique approach of Connected Risks.”

Jim Blinn, Zywave EVP of Client Solutions, added: “For almost a decade, we have been connecting loss events arising from the same cause which means we demonstrate how various risks accumulate to cause greater devastation. Suki Basi & the Russell Group are well-positioned to analyse these aggregation factors, and we look forward to building a long and rewarding commercial relationship.”