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Gallagher Re Ltd., the reinsurance business of brokerage Arthur J. Gallagher & Co., on Tuesday said it has launched Gallagher Automated Insurance Analytics, a unified, cloud-based analytics platform for clients.
The platform will feature analytics like pre-modeling, including data collection, enrichment, augmentation and intelligence; modeling, including automated, integrated workflows through multi-model application programming interfaces and machine learning; and post- modeling, including pricing, portfolio optimization, e-placement and market insights.
Scalable cloud-based technology will allow the system to adapt to future expansion across geographies, lines of business and multiple business units. It will utilize artificial intelligence, machine learning and enriched data, Gallagher Re said.
Ed Messer, head of analytics at Gallagher Re, said in the statement that value-added analytics is now an accepted and expected part of the client offering.
Arthur Gallagher & Co. on Thursday reported a 7.3% increase in third-quarter brokerage revenue to $1.29 billion.