SS&C Technologies announced on Thursday that it has partnered with Aon Insurance Managers to launch a joint platform that will simplify insurance-linked securities valuation.
The platform will combine fund administration with insurance management and independent ILS valuation services. Aon Global Risk Consulting will provide the ILS valuation services, while SS&C will administer funds.
“The appetite for the ILS asset class brings about the need for innovative convergence among service providers,” Bill Stone, chairman and chief executive officer of SS&C Technologies, said in a statement.
“Increased popularity of convergence within the reinsurance and capital markets demands further innovation,” Steve Britton, managing director and global head of ILS Management for Aon Insurance Managers, said in a statement. “In order to provide unique services to respond to the needs of ILS Funds and those in collateralized reinsurance, we set out to work together with a firm whose global reach and understanding of the ILS market was as deep as our own.”
Invesco announced in mid-February that it has partnered with Shareholders Service Group to offer SSG’s advisor clients access to its digital advice platform, Jemstep Advisor Pro.
RIAs affiliated with SSG will be able to use the open-architecture platform for client engagement and onboarding, as well as portfolio and risk management tools.