Russell Group, a leading data and analytics company based in London, is pleased to announce the latest expansion of the company’s data universe via a comprehensive loss data license with Zywave, a leading insurtech that acquired Advisen and its comprehensive data offerings in November 2020.
Chief Executives must focus on maximising shareholder value while managing corporate risks. In today’s complex risk landscape, these two priorities are under threat from Connected Risk. As a result, emerging and systemic risks pose looming obstacles for corporates and their (re)insurers.
These additional datasets, which include the largest repository of Cyber, US D&O, International D&O and Casualty case collections, will power and drive the Russell Universe, Russell Scenario Factory, and Russell ALPS solutions for Russell’s clients and partners in both the specialty (re)insurance and corporate sectors.
This multi-year licensing agreement represents a significant advance for Russell, as not only does it extend its current specialty business offering, but also serves to signal Russell’s intent to expand its book of business with service offerings aimed at the US marketplace.
Suki Basi, Russell Group Managing Director, commented: “Our ability to inform our corporate and insurance company clients continues to grow as we integrate data to assess the significance of external risks and their impact on our clients’ exposures. We are extremely pleased to partner with Zywave and incorporate their state-of-the-art loss data into our unique approach of Connected Risks.”
Jim Blinn, Zywave EVP of Client Solutions, added: “For almost a decade, we have been connecting loss events arising from the same cause, which means we demonstrate how various risks accumulate to cause greater devastation. Suki Basi and the Russell Group are well-positioned to analyse these aggregation factors, and we look forward to building a long and rewarding commercial relationship.”
About Russell Group
Russell Group is a data and analytics company that offers creative and imaginative risk solutions for corporates and (re)insurers. We believe that future sustainability and business success will be built on a better understanding of connected trading risk exposure, and our connected solution offers three key services: insight, analysis, and action to help our clients achieve sustainable and successful operations. Russell Group is based in the UK with offices in London & Nottingham. Visit us at www.russell.co.uk
Zywave leads the insurtech industry, fueling business growth for its partners with cloud-based client delivery, content and analytics solutions. Offering a technology platform embedded with robust data and the most comprehensive content portfolio available, Zywave empowers smarter business decisions throughout the entire customer lifecycle. Additional information can be found at www.zywave.co.uk