Volt & Quotech Integrate Swiss Re Hazard Tool into Platforms

London-based Volt Underwriting and insurtech firm Quotech have incorporated Swiss Re's CatNet® location intelligence tool into their underwriting and exposure management platforms, enhancing risk assessment capabilities for the energy transition sector.

Volt Underwriting, a Lloyd's Approved Coverholder that provides insurance solutions for energy transition companies, will now benefit from seamless access to CatNet®, a global natural hazard atlas that delivers web-based natural-hazard exposure analysis and mapping for any location worldwide.

API integration enhances efficiency

The integration connects CatNet® via an API (Application Programming Interface - a software intermediary allowing applications to communicate with each other) directly into Quotech's Risque underwriting workbench and Quex exposure management platform, both of which are used by Volt Underwriting.

"This marks another step change for accessing CatNet via the API at the point of underwriting, bringing efficiency and accumulation management to the fingertips of Volt and its partners," says Ruta Mikiskaite, Head of P&C Solutions UK & Ireland at Swiss Re Reinsurance Solutions.

The integration allows underwriters to access location intelligence without leaving their primary software environment, streamlining the assessment process and improving risk evaluation capabilities.

Enhancing visualisation of natural hazard exposure

For Volt, which specialises in insuring both conventional and renewable energy assets, the integration provides visual insights into natural hazard exposures that can affect energy infrastructure.

"CatNet is entrenched and returning results," says Kevin Cleary, Chief Operating Officer at Volt.

"Quotech has integrated the service into our underwriting and exposure management platforms so that we gain a seamless, visual understanding of the natural hazard exposures of any risk we assess and underwrite."

This functionality is particularly relevant for energy transition companies whose assets may be located in areas vulnerable to specific natural hazards, from wind farms in coastal regions to solar installations in areas prone to hailstorms or flooding.

Plug-in architecture demonstrates platform flexibility

The project demonstrates the flexibility of Quotech's technology architecture, which allows third-party tools to be integrated into its core platforms. Quotech develops cloud-based platforms for specialty insurance processes, combining insurance market expertise with programming capabilities.

Guillaume Bonnissent, Founder and CEO of Quotech, emphasises the design philosophy behind their systems: "We design all Quotech platforms with flexibility in mind, including the ability to incorporate third-party tools which add value for clients.

"We in effect added CatNet as a plug-in to the systems we deployed for Volt, allowing their underwriting team to access the tool without exiting their underwriting or exposure management platform."

For insurers and MGAs (Managing General Agents) in the specialty insurance sector, this type of integration can reduce the friction of switching between multiple systems during the underwriting process.

The partnership between these firms represents a growing trend in insurance technology where specialised data providers like Swiss Re connect their capabilities with underwriting platforms to enhance decision-making at the point of risk assessment.

As energy transition companies face evolving risks related to climate change and extreme weather events, access to detailed natural hazard data becomes increasingly important for accurate risk pricing and portfolio management.

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