AkinovA is building an electronic marketplace for the transfer and trading of (re)insurance risks. By working in collaboration and partnership with the insurance industry, AkinovA will help to optimise the risk transfer value chain by providing a capital markets grade, industry regulated, trading platform and clearing house. AkinovA will provide valuable data and analytics to participants and regulators from the aggregated data that passes through the marketplace.
AkinovA will help to grow the overall size of the insurance marketplace by enabling new participants to enter and existing participants to transact more business. There is significant pressure from the Capital Markets wanting an appropriate mechanism to access insurance risks which are decorrelated from traditional bonds and equities. Creating an effective secondary market for (re)insurance risks, to enable these risks to be traded, will dramatically increase the volume of business that is transacted across the marketplace. AkinovA is working with a number of brokers, who act as key channel partners for the existing industry, to kickstart liquidity on the marketplace. AkinovA will provide them with a venue to service their clients’ needs in a more efficient and timely manner as well as giving them access to new clients entering the market who would benefit from their advice.
AkinovA’s goal is to remain an independent marketplace enabling it to attract and work with all parties without undue influence from industry participants.
