Pillar Capital Management, the Bermuda-based specialist collateralized reinsurance and insurance-linked securities (ILS) investment manager, has adopted Ultrassure, an AI contract intelligence platform for insurance and reinsurance, to support its contract review and underwriting workflows.
Ultrassure helps insurers and reinsurers organise and search contractual information while preserving links back to the underlying source documents.
Additionally, the platform streamlines team collaboration on complex contract documentation and supports human expertise in the review and decision-making process.
Pillar selected Ultrassure to enhance its contract review workflows after completing a comprehensive evaluation of the platform.
Jeff Franklin, Chief Underwriting Officer at Pillar Capital Management, commented: “Ultrassure demonstrated a strong understanding of the reinsurance business and was responsive to our feedback on the platform throughout the process.”
Matti Parnanen, Founder and CEO of Ultrassure, said: “We have enjoyed working with the Pillar team and appreciate the thoughtful feedback they provided during the evaluation. We look forward to continuing to support their team.”
Pillar Capital Management currently has around US $4.3 billion of ILS assets under management.
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