PartnerRe reports Q1 2018 loss
PartnerRe has acquired the assets of Claim Analytics, a Canadian based provider of predictive analytics solutions to the insurance industry.
Claim Analytics has provided predictive modelling solutions to the insurance industry in North America since its formation in 2001. The company combines experienced actuaries with experts in data analytics to deliver predictive solutions.
“We are very pleased to announce the addition of this leading provider of predictive modelling solutions to our existing predictive capabilities,” said Emmanuel Clarke, president and chief executive of PartnerRe. “This acquisition strengthens our product offering predominantly in Life and Health, an important strategic area of diversification and growth for the company, and aligns with PartnerRe’s overall client focused strategy.”
Clarke added, “PartnerRe has successfully brought its predictive analytics capabilities to clients and helped them to better develop and manage their business. This acquisition builds on that success. The improved prediction capability will expand our product offering and enables us to provide our clients, both in North America and globally, with access to deeper expertise, and a now wider range of predictive solutions tailored to their needs.”
According to PartnerRe the Claim Analytics employees will join PartnerRe’s existing analytics team, will remain located in Toronto, Canada and will continue to do business as PartnerRe Analytics.
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