Malaysian Re licenses AIR Worldwide's reinsurance portfolio management software to manage new risks

KUALA LUMPUR: Malaysian Reinsurance Bhd (Malaysian Re), a wholly owned subsidiary of MNRB Holdings Bhd, has licensed AIR Worldwide’s catastrophe risk modeling platform for portfolio management and managing new risks.
Malaysian Re is deploying AIR's catastrophe modeling 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.
Malaysian Re president and CEO Zainudin Ishak said as Malaysian Re continues to maintain its strong market presence in Asia, the Middle East and North Africa, it is also expanding into new markets.
"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. We will leverage AIR's
solutions to help us meet the expanding needs of our customers and offer enhanced value added services," he said in a statement.
T20 is its initiative towards achieving the company's vision of becoming the preferred reinsurer in the region.