Pillar Capital Management Ltd, an independent Bermuda insurance-linked securities manager, has selected Ultrassure to support its contract review workflows.

Jeff Franklin, chief underwriting officer at Pillar Capital Management, commented: “Ultrassure demonstrated a strong understanding of the reinsurance business and was responsive to our feedback on the platform throughout the process.”

Ultrassure said it is the artificial intelligence system of record for insurance — trusted by global carriers, managing general agents, brokers and reinsurers “to bring contract certainty to the business of uncertainty”.

Founded by former treaty reinsurance underwriter Matti Parnanen, the company helps insurance and reinsurance organisations turn complex contractual documents into structured, searchable information linked back to source evidence.

The platform is designed to help teams work more efficiently with complex contract documentation, while aiding human review and judgment.

Pillar selected Ultrassure following an evaluation of the platform.

Mr Parnanen commented: “We have enjoyed working with the Pillar team and appreciate the thoughtful feedback they provided during the evaluation. We look forward to continuing to support their team.”

Pillar Capital in Hamilton was founded in 2008 and the company is an independent asset manager specialising in insurance-linked securities and property catastrophe reinsurance.