Investor Solutions
Turn insurance risk into a transparent, investable asset class.
Unlock the Specialty Insurance Market
Independent valuation and research for the Buy Side.
Institutional investors have long recognised the diversification benefits of the (re)insurance asset class. However, the Lloyd’s of London and specialty markets have historically remained opaque, illiquid, and difficult to benchmark.
ICMR changes that.
We provide the quantitative infrastructure—indices, valuation models, and portfolio selection tools—required to treat specialty insurance as a sophisticated financial asset.
Solutions for the Capital Cycle
We map our core offerings directly to the friction points investors face when allocating capital to the specialty insurance market.
Valuation & Benchmarking
The Challenge: Private insurance assets (Lloyd’s syndicates, Sidecars, LPTs) are notoriously difficult to mark-to-market regularly, and returns are hard to contextualise.
The Solution: We provide independent, “mark-to-model” Regular NAV Reporting for your specific portfolios. Furthermore, ICMR NAV Index offers a definitive monthly benchmark representing the aggregate Lloyd’s market NAV. Our methodologies smooth the transition between quarterly reporting cycles, allowing fund managers to meet regulatory requirements and demonstrate governance best practices.
- Also explore: The RISX Index for liquid market benchmarking.
Predictive Analytics
The Challenge: Not all Lloyd’s syndicates are created equal, and historical returns are distorted by catastrophe luck and market cycles.
The Solution: We look beyond the pitch deck. Using ICMR.Insight, we analyse the underlying “Alpha”—the true technical pricing ability of the underwriting team—allowing you to build structurally sound “Smart Follow” strategies that are positioned to outperform across the cycle.
- Also explore: The ICMR.Quant our outside-in capital model.
Data & Due Diligence
The Challenge: Gaining granular, normalised access to historical syndicate performance for rigorous financial due diligence.
The Solution: Access unparalleled views into syndicate performance via ICMR.Data and our Syndicate Statistics book. Strip out the noise and validate a manager’s track record against the wider market using clean, standardised data.
Retained Analytics
The Challenge: Building a world-class, in-house analytics function with deep Lloyd’s expertise is expensive and time-consuming.
The Solution: Treat ICMR as your external quantitative team. Through our Consulting Services, we can provide bespoke capital modelling, assess Funds at Lloyd’s (FAL) requirements, and build custom M&A diligence reports on a retained or project basis.
Frequently Asked Questions
Common questions from Investment Committees and Fund Managers.
Absolutely. We have access to the Member Modeller to estimate capital requirements and cash flows. We can backtest any hypothetical portfolio against historical performance data. This provides the quantitative evidence to support your portfolio construction and evaluate the feasibility of target objectives, such as IRRs.
Lloyd’s typically reports quarterly with a significant lag. We bridge this gap by interpolating between these periods based on earning patterns and incorporating real-time data inputs, such as loss estimates for major catastrophe events. This allows us to provide a mid-month or month-end NAV estimate that anticipates the quarterly movement, reducing the “jump risk” in your reported yield.
We align our commercial structure with the nature of the work. Recurring valuation services (like NAV reporting) operate on an annual subscription basis. For specific projects, such as acquisition due diligence, we work on a day rate. Alternatively, for clients who require continuous “on-demand” analytical support, we operate on a flexible monthly retainer basis.
Ready to allocate capital with confidence?
Contact our team to discuss valuation, benchmarking or due diligence support.