- Why rigid risk models can limit opportunity
- How Newpoint Re takes a pragmatic, case-by-case approach to underwriting
- What it means to apply flexible thinking backed by real experience
In a world of frameworks, we choose flexibility.
At Newpoint Re, we don’t believe in ruling something out just because it doesn’t tick every box. In fact, some of the best opportunities don’t fit the standard appetite and that’s exactly where we focus our attention.
We look for reasons to say yes to good risks that others turn away from.
Every Opportunity Stands on Its Own
We assess each business on its own merits and on the facts. Not on sectors, lines of business, or assumptions.
You might be a well-run company, with a strong leadership and an impressive balance sheet, but with one tricky exposure that mainstream insurers won’t touch. Or you could be a new venture, from a founder with zeal and vision, but simply lacking a conventional risk profile or one with insufficient data. Either way, if the fundamentals are solid, we’ll take a serious look.
We start by asking, Is this a business that deserves support? If the answer is yes, we work from there.
To learn more about the fundamentals of a successful business, take a look at [insert link to blog #3].
Flexible Thinking is Key
Rigid models are built for speed, not nuance. While this works for volume-led insurers, it doesn’t work for the kinds of opportunities we focus upon.
Our approach is all about being flexible and open-minded, not restrictive. That’s how we support MGAs and brokers with niche books, underserved sectors, and clients who are doing something different.
We don’t need a full set of perfect data to start the conversation. Our years of experience and knowledge means we’re comfortable and confident navigating complexity, asking the right questions, and building understanding as we go.
Our actuaries work closely with our underwriters to forecast probabilities, fill in data gaps, and model outcomes. This means that our underwriters can visualise the bigger picture and make a robust decision about the potential and parameters of that business or risk. It’s a large part of how we’re able to say yes when others say no.
Judgement That’s Earned, Not Assumed
Saying ‘yes’ doesn’t come quickly or lightly.
Our decision is grounded in experience, backed by market knowledge, and shaped by collaboration and trust between our internal teams and our partners. That blend of perspectives gives us the confidence to say yes.
We’ve seen enough of the market to know that good risks can look complex at first. That’s why we stay curious, concentrate on building enduring relationships of mutual trust, apply pragmatic judgement, and never rely on a system or algorithm to make the decision for us. We call it ‘precision backing’.
The Newpoint Re Entrepreneurial Spirit
Newpoint Re is an entrepreneurial success story.
We look to support the entrepreneurs, the free-thinkers, the ‘outside-the-box’ innovators, the disruptors – those who have been told ‘no’ – to realise their success too.
Our prudence, hard work, and commitment to building enduring relationships mean that we are strongly capitalised for the business we write. So when we identify a business with potential and spirit, but which has been overlooked by the mainstream market, we strive to find good reasons to say yes.
Difference Presents Opportunity
At Newpoint Re, we see difference as potential opportunity. Whether it’s a case of complexity, capacity requirements outside the norm, or an unconventional claims history.
Because when you take the time to understand what’s really going on, you can find the value others miss. And in a market when traditional insurers often default to no, we’re proud to look for the right reasons to say yes.