Sword Intech, the specialist Insurance software division of the Sword Group, announced today the signing of a new contract with Hannover Re to supply their innovative risk aggregation solution Open Xposure™.

Hannover Re has implemented Open Xposure™ to manage the aggregations of their worldwide Energy and Facultative Property lines of business, replacing their previous systems which were a combination of third party and in-house solutions Dr. Matthias Hausknecht, Corporate Development Senior Manager and in charge of the overall implementation, said “We decided on Open Xposure™ because of the current software features and the planned future development of the product. Open Xposure™ and Sword Intech were selected because of the profound expertise demonstrated by Intech and their thorough understanding of our business. We are looking forward to a lengthy, trustworthy and effective relationship.”

Business Unit Director at Sword Intech, Eugene Brien commented. “Hannover Re has long been regarded by the market as an organisation that maintains a very high level of underwriting discipline and one that has a lean, efficient infrastructure, facilitating rapid decision-making. I’m excited that an organisation such as Hannover Re has selected Open Xposure™ to help them maintain this underwriting discipline. We look forward to a long and mutually rewarding partnership.”