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Aon Benfield: New On-line Platform Offers Info on Reinsurers and Reinsurance Market

Posted on 29 Apr 2010

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Aon Benfield, a premier world reinsurance intermediary and capital advisor, today announces the launch of its latest innovative platform, MarketReView. This secure, web-based portal provides insurers with comprehensive information on reinsurers and the reinsurance market.

MarketReView combines the most recently reported reinsurer financials with data from the capital markets and four of the top rating agencies.

MarketReView receives data streams from A.M. Best, SNL Financial and Standard & Poor’s, and thus incorporates the very latest ratings and financial information, as well as the most up-to-date market insights from Aon Benfield’s award-winning Research team.

Mike McClane, Managing Director and Head of Aon Benfield Research for the U.S. and Bermuda, said: “MarketReView is designed to make researching market information easy and efficient and is our go to site for comprehensive information on our reinsurance partners. It contains financial information, ratings and analysis on all key reinsurers worldwide, representing all the major markets and the vast majority of worldwide reinsurance premium. Our proprietary Market Profile Reports and Market News provide detailed analytical reporting on key markets, helping our clients to make informed decisions for their businesses.”

MarketReView offers seamless navigation and powerful search facilities to enable clients to search or select reinsurers by company or group name, region or country, financial size or financial strength ratings.

The portal also provides links between the ultimate holding company and its operating entities to offer users a more complete picture of the financial health of both the reinsurer and its group.

Dominic Christian and Mike Bungert, co-Chief Executive Officers at Aon Benfield commented: “'We are a content-driven company. Through MarketReView we will supply our clients with immediate, easy access to high-calibre market information in a manner that meets their individual requirements. Uniquely, it is solely dedicated to reinsurance activity.”

Clients may review financial data on both current and prospective reinsurers. Some of the key features of MarketReView include:

·Financial Data - updated on timely basis from SNL Financial and A.M. Best

·Current Financial Strength Ratings and Outlooks - provided through a real time feed from A.M. Best and S&P

·Market Profile Reports and Recent Market News items detailed analytical reports on key markets developed by Aon Benfield Research, including ratings from the four largest rating agencies

·Group Reporting and Linkage - links between the ultimate holding company and operating entities to provide users with a more complete picture of the financial health of the reinsurer and its group

MarketReView is accessed through Aon Benfield’s proprietary platform, ABConnect, which will also offer a full range of account handling features, including information on contracts, claims, accounting and payments, as well as other related documents.

The new platform adds to Aon Benfield’s growing range of innovative technological solutions, including the award-winning FAConnect placement platform, which allows clients to quote and bind their own facultative reinsurance placements from an internet-enabled device in less than five minutes.