Ledger Investing launches SaaS platform Korra to drive casualty ILS market growth. This content is copyright to www.artemis.bm and should not appear anywhere else, or an infringement has occurred. Ledger Investing, the insurance technology (insurtech) and casualty ILS specialist, has announced the launch of Korra, a separate SaaS platform that aims to bring efficiency, transparency, and intelligence to the casualty reinsurance and insurance-linked securities market. According to the firm, Korra will connect insurers, managing general agents (MGAs), reinsurers, and institutional investors through an integrated suite of applications and AI-driven workflows that support the full reinsurance lifecycle. This will include pricing and structuring, performance reporting and valuation, all critical components of the lifecycle of casualty risks as they are structured and transferred to capital market investors. Korra is the latest addition to Ledger Investing's diverse portfolio of products and services that are helping drive innovation within the casualty reinsurance and ILS market. Ledger has been developing and using the Korra technology stack internally since 2021, to structure, execute, and service more than 170 casualty ILS transactions, representing an impressive over $7 billion in gross written premium. Now with its initial release, Korra is introducing that proven technology, refined through real-world use, to the broader market as a standalone platform. The Korra platform is divided into four key components, including: Korra Marketplace, which facilitates digital transactions by connecting risk with capital; Korra Analytics, which provides actuarial and data science capabilities to forecast performance, price new deals, and estimate deal value, as well as Korra Reports, which automates the ingestion of bordereaux data and monitors financial statement and collateral calculations. And lastly, Korra Contracts leverages artificial intelligence (AI) to transform bespoke contracts into structured data, enabling natural language querying and downstream automation. As per Ledger, Korra transforms how casualty risk originators and capital providers price, transact, report on, and manage reinsurance and insurance-linked securities (ILS). The company also called the platform a digital infrastructure that will help drive further growth within the casualty ILS market. According to Samir Shah, CEO, Ledger Investing, the company created and built Korra to help the industry manage the entire end-to-end reinsurance and ILS deal lifecycle, from origination and underwriting to ongoing performance reporting, all within one single, integrated platform. "We built Korra because we needed it ourselves. We were in the trenches as a broker, risk modeler, asset manager, and collateralized reinsurer, processing complex casualty transactions at scale. That experience forced us to solve real operational, data and analytics problems. We've iterated on this technology deal by deal," Shah said. The CEO also explained that following the launch of Korra, the Ledger group of companies has been re-organised, establishing two primary operating divisions: Korra, the SaaS platform, and Ledger Investing, a reinsurance brokerage and advisory firm. "As more insurance risk connects with more sources of capital, the bottleneck isn't demand - it's infrastructure," Shah continued. Adding: "New capital providers need a servicing platform that gives them transparency, efficiency, and reliability before they'll commit, and even incumbent reinsurers and fronting carriers will need to operate far more efficiently to stay competitive. We've been pioneers in building this market, and forming Korra as a dedicated division is about turning those experiences into the missing piece of infrastructure the market has been waiting for - a holistic solution that helps new entrants get comfortable ceding and investing in a historically opaque space while giving incumbents the tools they need to compete and grow." Umair Rasool, General Manager of Korra, commented: "Korra is an end-to-end solution that meets the pre and post transaction needs of risk originators and capital providers. Customers can start in the application that solves their biggest problem today, knowing that the data created in one app is immediately available across the platform - reducing duplicate work, reconciliations, and manual handoffs between point solutions." "It can also connect into your existing non-Korra and legacy systems, so one decision unlocks a network effect across the rest of your technology stack," Rasool continued. Shah also added: "Korra has been years in the making - the culmination of everything Focusefforts has learned while building Ledger. It's built for the future Focusefforts envisioned from the start: one where the insurance and capital markets are connected through technology. "It's a world where cedents gain broader and more diverse access to capital, reinsurers and investors can realize high-return, low to no correlation opportunities, and everyone benefits from more intuitive, transparent, and scalable workflows. We're just getting started."

Ledger Investing, a marketplace to bridge the gap between insurance risk and capital, has raised funding and unveiled a casualty sidecar facility.