Jireh and Strategic Risk Solutions (SRS) have launched OpIngen, a new operations service aimed at the reinsurance and insurance-linked securities (ILS) market.
The offering is designed to address growing data complexity, expansion of delegated authority arrangements, rising regulatory expectations and the need for scalable operational support.
The partners said OpIngen combines proprietary technology, operational know-how and a revised structural model to provide end-to-end reinsurance operations. The service is being positioned for reinsurers, cedants and ILS participants looking to standardize and centralize core processes across programs and portfolios.
“Just as capital-light structures reshaped risk transfer, the industry now needs an operational model built for today’s complexity,” said OpIngen CEO Salvatore Tucci (pictured above, left).
He described OpIngen as “the evolution of that belief,” saying the company brings “innovative process design, high-integrity execution, and deep operational insight into a single, service-driven operating model.”
Read more: Catastrophe bonds hit record $21 billion
OpInFuse runs on Jireh’s proprietary RePort technology platform, which is used to execute and refine cedant, bordereaux and delegated authority operations. According to Jireh, the platform is designed to cut back oversight demands and strengthen operational integrity by standardizing how data is captured, processed and shared.
The launch comes as ILS continues to expand, with catastrophe bond issuance reaching more than US$21 billion in the 12 months to June 30, the most active period in the market’s history, according to Aon.
Outstanding catastrophe bond volume has grown to US$55 billion and alternative capital across the broader ILS space has risen to US$121 billion, reinforcing the role of capital markets investors in providing reinsurance capacity.
Analysts at AM Best estimate that total dedicated reinsurance capital is on track to reach about US$649 billion in 2025, with third-party capital projected at US$114 billion, much of it supported by record catastrophe bond issuance.
As reinsurers shift toward more diversified and balanced business models that lean more on third-party capital, firms are placing greater emphasis on operational infrastructure and data quality for both traditional and ILS-backed programs.
“OpIngen provides an operational ecosystem that reinsurers have long needed but never had access to,” said Jonathan Reiss (pictured above, right), chairman at Strategic Risk Solutions Bermuda.
He said the combination of Jireh’s technology and SRS’s global footprint and governance framework is aimed at supporting both newer market entrants and established players.
Tucci said reinsurers broadly share the objective of improving their operations, but that standalone technology deployments, including those incorporating AI, often fall short because integration into complex organizations is difficult.
