MSB, a provider of property intelligence data and analysis, has announced its ReAlign solution now is available to reinsurers to enhance their underwriting and pricing workflow.
ReAlign combines researched and scored industry property databases with proprietary statistical methodologies to measure accurately the level of under/over-valuation present in a portfolio.
"When applied to a cedent submission, ReAlign's data output allows reinsurers to make the proper exposure adjustments when modeling catastrophe risk," says Steve Brewer, vice president of strategic initiatives at MSB. "The result enables better risk selection and pricing segmentation."
XL Re, the global reinsurance operations of XL Capital Ltd, has become the first reinsurer to implement ReAlign. XL Re began using ReAlign in May to assess accurately insurance to value across its cedents' books of business for Florida renewals.
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