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Guy Carpenter launches InsurTech Center of Excellence

The InsurTech COE will offer a range of reinsurance broking, advisory and analytical services customized for the bespoke needs of (re)insurance carriers and MGAs

Guy Carpenter has confirmed the launch of its new InsurTech Center of Excellence (COE), which aims to provide services to (re)insurance carriers and MGAs through modern technology platforms.

The InsurTech COE will offer a “broad range” of reinsurance broking, advisory and analytical services customized for the bespoke needs of (re)insurance carriers and MGAs operating on technology-driven platforms. 

It will reportedly facilitate Guy Carpenter’s delivery of specialized capabilities for these clients and prospects, including market-entry analysis, portfolio construction, actuarial support, rating advisory and capital modeling. 

Max Aronchick will lead the new COE team and brings many years of experience within Guy Carpenter. He is said to have a “strong track record” in the P&C space and has led many key initiatives that brought transactions to market, both with established carriers as well as tech-enabled underwriting entities.

John Trace, CEO, North America, Guy Carpenter, said: “The InsurTech COE positions Guy Carpenter at the forefront of the development of the tech-empowered insurance market. 

“By bringing together an extensive team of sector experts exclusively dedicated to this rapidly evolving environment, our aim is to provide the most relevant services and solutions, coupled with market insight and intelligence to support industry innovation.”  

Will Garland, president, Centers of Excellence, Guy Carpenter, added: “The establishment of the InsurTech COE is a clear next step for Guy Carpenter. It will not only help us further strengthen the partnerships we have developed with numerous carriers and MGAs at the leading edge of InsurTech, but also open up considerable new opportunities to grow our presence in this highly relevant space.”

As part of its further expansion into InsurTech, effective 1 January, 2022, Guy Carpenter will also expand its relationship with Celent, a leading financial technology analyst firm that is part of Marsh McLennan’s Oliver Wyman Group, which is focused on providing technology research and advisory services for insurers and other financial institutions globally. 

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