RYSKEX unveils new consulting unit

RYSKEX has established a new business unit called RYSKEX Consulting, which it says is a significant step forward in reshaping the insurance landscape that blends technology with industry insights.

RYSKEX Consulting will offer bespoke advisory services focused on the utilisation of a cell in its Sponsored Cell Captive. The company said that the unit’s expertise extends to crafting “novel parametric risk transfer solutions, tailored for a rapidly evolving market”.

The target audience for RYSKEX Consulting’s services encompasses a wide spectrum of industry players in the American and European markets. This includes captives, brokers, insurers, reinsurers, and members of the capital market eager to leverage Internet of Things (IoT) and Artificial Intelligence (AI) in developing sophisticated parametric transfer solutions.

“At the heart of RYSKEX Consulting is a diverse team of professionals, blending seasoned insurance industry veterans with experts in blockchain and AI technology,” said the company in a statement. “This team is complemented by a cadre of ambitious young professionals who bring fresh perspectives and innovative ideas to the fore, collectively redefining the industry's future.

“RYSKEX Consulting distinguishes itself by operating as a FINtech-as-a-Service entity. The team draws upon RYSKEX's rich history of designing successful solutions to assist companies, particularly those new to embedded insurance concepts or managing emerging risks. Our approach encompasses the entire lifecycle of product development – from validation and design to pricing and scalability – transforming nascent ideas into market-ready products.”

The company added that its commitment at RYSKEX Consulting is not just to advise but to partner with its clients in navigating the complexities of the modern risk landscape. It is dedicated to empowering companies to harness the full potential of IoT and AI, driving innovation in parametric risk transfer and beyond.