Fleming Insurance Holdings has unveiled a new platform, Revolve, aimed at reshaping how retrospective reinsurance is approached in the global property and casualty market.

Headquartered in Bermuda, Fleming said the platform integrates artificial intelligence and data-driven tools to provide risk evaluation, recurring liability transfers and actionable insights for its partners. The goal, according to the company, is to improve outcomes for all stakeholders while streamlining operational efficiency.

"Revolve combines our PlannedLPT, ReSolveRisk and RevealAI solutions into one powerful engine for change,” said Eric Haller, chief executive of Fleming. “As the name implies, revolving capital solutions are going to drive the evolution of retrospective reinsurance.”

Revolve builds on PlannedLPT, first launched in 2019, which allows for recurring transactions by removing asymmetries in risk pricing and improving access to capital.

ReSolveRisk is a risk and analytics engine that supports sensitivity testing and pricing of liabilities at any stage in their life cycle.

RevealAI is Fleming’s proprietary AI system that analyses structured and unstructured data to help prioritise and manage claims more effectively.

The company says the platform is designed to create long-term value for insurers and reinsurers by enabling a more transparent, data-informed and collaborative approach to legacy liabilities.

Fleming, which describes itself as a global capital solutions provider to the property and casualty insurance and reinsurance sectors, says Revolve represents a “crucial step forward” in modernising the industry’s risk mitigation strategies.