Malaysian Re deploys AIR’s cat model solution to expand

Malaysian Reinsurance Berhad (Malaysian Re), a wholly owned subsidiary of MNRB Holdings Berhad, has licensed AIR Worldwide’s catastrophe risk modelling platform for portfolio management and managing new risks.

Malaysian Re is deploying AIR’s catastrophe modelling solution to support its reinsurance operations for a broad range of risk management solutions including risk pricing and portfolio management and as a tool to help expand into new markets and lines of business.

“As Malaysian Re continues to maintain its strong market presence in Asia, the Middle East, and North Africa, we are also expanding into new markets,” said Malaysian Re CEO Zainudin Ishak. “Partnering with AIR is our strategic move in line with Malaysian Re’s ongoing Business Transformation 2020 Programme (T20) which was launched in April last year. The T20 programme is our initiative towards achieving the company’s vision of becoming the preferred reinsurer in the region. In doing so, we need to enhance ourselves with a modern and advanced risk management software that can assist us to better quantify, analyse and manage our exposure to risks. We will leverage AIR’s solutions to help us meet the expanding needs of our customers and offer enhanced value-added services,” he added.

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