Juniper Re stated: “This collaboration adds another strategic component to Juniper Re’s sophisticated, tightly woven catastrophe analytics platform uniquely designed to provide clients with distinct insights, enhanced positioning in the reinsurance marketplace, and improved overall portfolio and company performance by leveraging exceptional, specialised technology capabilities.”
Juniper Re aims to enhance data accuracy and risk management strategies for insurers, MGAs, and other providers of insurance products by integrating CAPE’s insights into its industry-leading catastrophe modelling platform. This integration will enable clients to better predict potential property losses, providing them with more bespoke solutions.
Adam Miron, Head of Catastrophe Analytics at Juniper Re, commented: “Our focus in developing our dynamic, interconnected platform has been identifying exceptional technology, determining how to maximise capabilities, and developing mutually advantageous relationships, all tailored to provide unique, impactful insights.
“Through our collaboration with CAPE, we can augment our client’s data to refine our analysis and ultimately distinguish them in the reinsurance marketplace. Furthermore, CAPE’s roof condition, wildfire, and hail intelligence enables us to show profitability impacts by integrating best-in-class hazard and vulnerability data.
“At the end of the day, integrating this intelligence into our catastrophe analytics platform allows us to differentiate our clients, and ourselves, in the market.”
Busy Cumings, CRO of CAPE, added: “We’re thrilled to be working with Juniper Re to provide new and more accurate property risk insights that can help improve carrier risk management and profitability. We look forward to seeing Juniper Re apply CAPE’s market-leading property intelligence solution for reinsurance placements in a way that adds tremendous value to the broader property insurance industry.”
