Leading space information company Seradata Limited announces that it has reached an agreement with the renowned risk analysis firm Russell Group to license its SpaceTrak world satellite fleet and launch data for use in their ALPS risk management system.
“ALPS has become an established tool within the specialty risk insurance sector, specifically in aviation, energy and marine, so adding our unique SpaceTrak information is a natural extension.” said Tim Fuller, Managing Director of Seradata.
“Most of the space insurance market uses SpaceTrak as their benchmark data for space equipment demographics and failure rates. We are thus delighted to be able to offer this authoritative resource within our ALPS suite,” said Suki Basi, Managing Director of Russell Group. “Many of our existing aviation customers also insure and reinsure space risks,” added Mr. Basi.
About Seradata Limited: Seradata is a new company formed to complete the management buy-out of the SpaceTrak business from Flightglobal Ascend last year. The SpaceTrak web-based launch and satellite analytical system and database is used by most of the important players in the space industry to provide the information they need at the touch of a button. Since 1997 our experienced analysts have collated data from a variety of public and private sources to provide a one-stop-shop of key data enabling users to analyse and forecast industry activity, trends, failure rates and market share. To find out more visit www.seradata.com
About Russell Group Limited: Russell Group is a leading risk management software and service company that provides a truly integrated framework for (re)insurance clients operating across the specialty classes through its ALPS suite of products. Today we occupy a leading position within the specialty market, where our ALPS product provides aggregate control, pricing, portfolio modelling and optimization to underwriters, actuaries and company decision-makers that seek a deeper understanding of their underwriting exposures, with in-built controls for efficient capital use and improved portfolio performance. To find out more visit www.russell.co.uk