New Tech Company ‘H2 Group’ Launches
H2 Group, a “Bermuda-based technology company specialized in developing bespoke solutions for the insurance industry,” has announced its official launch.
A spokesperson said, “The Company’s initial focus will be on the ILS space, leaving room for further expansion into other verticals of the insurance industry.
“With a strong service-oriented philosophy, H2 Group is committed to leveraging the latest in leading-edge technology to take a client-centric approach in offering novel products. The company’s primary goal is to remove layers of operational inefficiencies in the value chain; something that non-executive chairman, Andre Perez, deems paramount.”
“Compared to other industries, the insurance sector has a lot of work to do when it comes to the use of latest technologies to enhance overall operations. There are several reasons for this apparent lag and H2 is set up to help improve the technology landscape in a collaborative and responsive manner” says Perez.
The spokesperson said, “H2 Group’s inaugural product, RUDDR, is a turnkey policy management system that works synergistically with investor-facing portfolio dashboards to grant investors unparalleled access and transparency into their collateral accounts, real-time data, automated reporting tools, and portfolio analytics.
“This proprietary technology platform utilizes data to streamline the ILS transaction process, whether it be collateralized reinsurance, sidecars, or catastrophe bonds, creating a seamless user experience for investment managers allowing them to focus on optimizing their portfolios rather than middle and back-office processes.
“The platform will be available for licensing by any company involved in the management or administration of ILS transactions.
“RUDDR is the result of the collective experience and extensive research conducted by insurance and technology industry veterans, to ensure clients have access to highly responsive service and the data they need to make informed decisions.
“The Company has team members located around the world to benefit from global expertise.
“Bror Muller leads the H2 technology team as he takes on the role of CIO after a career as a reinsurance technology executive with more than 25 years of experience guiding teams in the design, development, and support of I.T. solutions. Most recently, Bror led the technology team at Tokio Millenium Re that developed a trading platform hosting several billion dollars of Insurance Linked Securities linked to the capital markets.”
“While H2 Group’s initial focus will be on the ILS sector,” says Muller, “it intends to develop technology solutions for insurance, traditional reinsurance, MGA/MGU’s, captives, as well as other related industry sectors.”
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