NTUitive_WhyStartUp___1400x365___1400x365.jpg

Asia Risk Transfer Solutions (ARTS) Pte Ltd

Financial Services & Hr

AsiaRiskTransferSolutions.JPG
AsiaRiskTransferSolutions.JPG

Company Overview

Asia Risk Transfer Solutions (ARTS) is an InsurTech venture launched in early 2016. They provide the insurance industry with a specialised suite of B2B risk management and software solutions specialising in new breeds of Agriculture and Natural Catastrophe (Nat CAT) insurance products.

Their proprietary software platforms provide a cloud-based environment for the design and development of index-based insurance products, allowing insurers to utilise multiple risk models (from in-house teams and commercial risk modellers) to grow their Agriculture and Nat CAT insurance portfolios in Asia.

Features

Agriculture Insurance - Crop Risk Expert System (CRES) Solutions Suite

ARTS’ Crop Risk Expert System (CRES) India is a suite of cloud-based software solutions designed for risk professionals in the Indian Agriculture Insurance market to manage and grow their portfolio in a comprehensive and efficient manner. The solutions are specially developed to address market needs along the entire agriculture insurance value chain from pricing and underwriting to claims management.

Nat CAT Solutions

Nat CAT Solutions is a framework for the design and pricing of index-based insurance products for natural catastrophe risks. Index-based insurance is a form of insurance that, instead of basing payouts on the amount of suffered damage, pays out when a predefined event occurs. This makes insurance much easier to understand especially for communities with limited financial awareness. For example, if an earthquake strikes the location of the property, then payouts will be paid depending on the intensity of the ground shaking motion. For catastrophes from earthquake and typhoon, we provide product innovation expertise to create such products that are economically viable and actuarially sound. Our solutions are for insurers, brokers, governmental agencies, NGOs, industry bodies and more.