Ledger Investing today announced the launch of Korra, a separate SaaS platform company providing transaction services for the reinsurance and insurance-linked securities (ILS) market. Korra connects insurers, MGAs, reinsurers, and institutional investors through an integrated suite of applications and AI-driven workflows that support the full reinsurance lifecycle – from pricing and structuring to performance reporting and valuation.
Since 2021, Ledger has been developing and using the Korra technology stack internally to structure, execute, and service more than 170 casualty ILS transactions, representing over $7 billion in gross written premium. Korra now brings that proven technology, refined through real-world use, to the broader market as a standalone platform.
The Korra platform includes:
- Korra Marketplace – A digital transaction platform connecting risk to capital.
- Korra Analytics – Actuarial and data science tools to stochastically forecast performance, price new deals, and estimate fair market value of existing deals.
- Korra Reports – Automated bordereaux ingestion and performance monitoring dashboards of cession statements, collateral calculations, and financial statements.
- Korra Contracts – AI technology to transform bespoke contracts into structured data that can be queried in natural language and drive downstream processes.
“Korra is an end-to-end solution that meets the pre and post transaction needs of risk originators and capital providers,” said Umair Rasool, General Manager of Korra. “Customers can start in the application that solves their biggest problem today, knowing that the data created in one app is immediately available across the platform – reducing duplicate work, reconciliations, and manual handoffs between point solutions.”
Rasool continued, “It can also connect into your existing non-Korra and legacy systems, so one decision unlocks a network effect across the rest of your technology stack.”
“We built Korra because we needed it ourselves,” said Samir Shah, Co-founder and CEO of Ledger Investing. “We were in the trenches as a broker, risk modeler, asset manager, and collateralized reinsurer, processing complex casualty transactions at scale. That experience forced us to solve real operational, data and analytics problems. We’ve iterated on this technology deal by deal.”
With the launch of Korra, the Ledger group of companies has been re-organized into two primary operating divisions: Korra, the SaaS platform, and Ledger Investing, a reinsurance brokerage and advisory firm.
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