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.
Core Services
Portfolio Valuation
For ILS Funds & Private Equity
Private insurance assets (Lloyd’s syndicates, LPTs, Sidecars, private equity stakes) are notoriously difficult to value mark-to-market.
We provide independent, model-based valuations using our proprietary stochastic platform. Our approach creates a consistent “Fair Value” framework for reporting and regular NAV reporting.
Manager Selection & Due Diligence
For Capital Allocators
Not all Lloyd’s syndicates are created equal. We look beyond the glossy pitch deck to analyse the granular underwriting “DNA” of a syndicate.
Our models strip out the effects of catastrophe luck and market cycles to reveal the underlying “Alpha”—the true technical pricing ability of the underwriting team.
“Smart Follow” Strategies
For Algo-Syndicates & Capital Providers
The digitisation of Lloyd’s is enabling algorithmic “follow” portfolios. We assist investors to model and evaluate optimised follow strategies that track specific market segments or outperform the general index.
Research & Intelligence
For The C-Suite
Stay ahead of the market cycle.
Our partnerships, industry data and RISX equity index research gives us a unique macro-view of the global specialty market.
The RISX Index
The World’s First Equity Benchmark for Specialty Insurance
Last 90 days performance of the RISX equity index.
Investors demand liquidity and transparent data. The RISX Index is an equity-based proxy for the Lloyd’s market, calculated by aggregating the stock performance of global publicly traded specialty (re)insurers operating in the market.
- Correlations: Calculate beta against the S&P 500 and other asset classes.
- Liquidity: A liquid alternative to locked-up (re)insurance capital.
- Performance: A daily mark-to-market signal for the private investment sector.
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 10 years of historical performance. 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 monthly retainer basis.
Ready to allocate capital with confidence?
Contact our team to discuss valuation, benchmarking or due diligence support.