US-based insurance coverage firm Accelerant has launched a danger trade platform for speciality underwriters.

At present in beta, the Accelerant Threat Trade platform is accessible to members together with insurance coverage firms, danger capital companions, and speciality underwriters.

The platform hyperlinks speciality underwriters with a handpicked group of capability suppliers.

It’s designed to offer a wide range of capabilities, together with entry to a variety of danger capital sources, from institutional buyers to insurance coverage companies; permitting underwriters to entry the capability to jot down the chance of their selection.

The platform additionally leverages knowledge to offer insights to assist underwriters make knowledgeable selections and presents instruments to assist underwriters handle their dangers, enabling them to cut back dangers and increase profitability.

Accelerant CEO and co-founder Jeff Radke mentioned: “By enabling our members to entry a variety of completely different capability suppliers together with Accelerant to greatest match the chance, our intention is that Accelerant Members by no means have to fret about capability once more.”

Accelerant Threat Trade chief working officer Matt Sternberg mentioned: “The Threat Trade offers us the flexibility to introduce extra capability for our members, the place each single Accelerant member nonetheless retains the long-term capability assure from the suitable Accelerant-owned insurance coverage firm. This can be a exceptional paradigm shift for the trade.”

Individually, Bloomberg reported that Accelerant has raised $150m in a funding spherical led by Barings.

The funding valued the corporate at $2.4bn, up from $2.2bn following an funding final yr.