How a multinational insurer reprices its exposure every morning
Selective Insurance's exposure is repriced every morning against currencies its treasury does not control.
The number used to be assembled by hand from three systems before the underwriting desk opened. This is the work the system was built around.
The task is specific: bring the records behind the exposure figure together and reprice it against currency movements, on the insurer's own platforms and under its own controls.
“Selective Insurance's morning exposure figure used to be assembled by hand from three systems before the underwriting desk opened.”
Building the system
Scoping established how the business prices exposure, which records it uses and which decisions belong to its people.
The system supports the morning repricing work against currencies the insurer's treasury does not control, with every figure traced back to the record it came from.
Lyrion builds inside the business, on its own platforms and under its own controls, and continues to operate the system after go-live.
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