What Blem Information Management does

Blem Information Management Ltd is a London-based, privately held software company founded in October 1987 by Gavin Blem, who remains Managing Director and the chief architect of its sole product. The company develops and maintains XLRAS, a Windows-based reinsurance administration system purpose-built for excess-of-loss treaty processing in the London insurance market, with rule-based route creation, a high-performance calculation engine capable of processing 10,000 losses against 1,000 covers in little over an hour, multi-currency and London market currency practice support, single-click production of Lloyd's Franchise Performance data, and an optional APH module for collections documentation. In 2016 the company integrated Z/Yen's MetroGnomo mutual distributed ledger for immutable timestamping of reinsurance records, and its core technology stack uses industry-standard databases with a fully documented generic host-system interface for data transfer. XLRAS has been in daily production use since 1995 and is a registered trademark.

Blem operates an enterprise field-sales model targeting Lloyd's managing agents, London market insurers and brokers, and insurance service providers; sales typically proceed through full tender and evaluation exercises (as demonstrated by Talbot Underwriting's 2006 implementation) supplemented by direct contact via the company website. Revenue is generated from XLRAS software licensing, maintenance, and support under custom enterprise pricing arrangements that may include one-off licence fees, annually renewable licences, system rental, or participation in recoveries processed, with annual billing cadence and non-public pricing. The customer base of more than a dozen London market businesses spans major names such as Aon, Beazley, Markel International, Atrium Underwriters, Groupama, Hardy, and service providers including Advent Group Services and NRG Victory Reinsurance.

The company is explicitly independent and privately owned, with no recorded funding rounds, parent company, subsidiaries, M&A activity, or leadership changes; it is sustained by a very small team (approximately three personnel) delivering personalized service to each client. Operating geographies are limited to the United Kingdom, and the public news feed's most recent dated item is from 2016, indicating limited external visibility into recent commercial activity.

Name

Blem Information Management

Legal name

Blem Information Management Ltd

Website

https://blem.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

11–50 employees

Short description

Blem Information Management is a London-based software firm that develops and supports XLRAS, a proprietary reinsurance administration system for excess-of-loss processing, serving Lloyd's managing agents, London market insurers, brokers, and insurance service providers.

Ownership category

akta.pro rank

Product category

Reinsurance Administration Software

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Computer Programming Services (7371)

akta.pro primary industry

Eligibility, Coverage Verification & Policy Administration Support (BPAAAFAC)

Keywords

• Reinsurance administration software
• Excess of loss software
• Lloyd's market software
• Recovery calculation systems
• Reinsurance collections management

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. XLRAS Software Licensing: Provides XLRAS, an established reinsurance administration system, through licensing arrangements to London market companies, syndicates and service providers. Revenue generated from software licenses, maintenance, and support services.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Blem Information Management develops, licenses, and supports XLRAS, a Windows-based Excess of Loss Reinsurance Administration System for the London insurance market. The software automates the calculation and production of reinsurance recoveries and reinstatements on complex reinsurance programs, with an integrated calculation engine and optional blockchain timestamping for immutable record substantiation. Licensing is delivered via enterprise agreements (one-off, annually renewable, system rental, or participation in recoveries processed) to Lloyd's managing agents, insurers, brokers, and insurance service providers.

Product overview

Blem Information Management is a specialized software provider and the sole developer of XLRAS, an Excess of Loss Reinsurance Administration System for the London insurance market. XLRAS serves as the company's core product, providing automated calculation and production of reinsurance recoveries and reinstatements. The XLRAS product family includes XLRAS4 as the current iteration, with XLRAS.Net referenced as a future platform. An optional APH module is available to supplement XLRAS's core functionality for producing ARCFs and supporting collection information. The company has operated since 1987, delivering solutions primarily to Lloyd's and London market insurers, brokers, and reinsurance service providers.

Differentiator

Problem solved

Functional benefit

Products and services

• XLRAS (Excess of Loss Reinsurance Administration System) XLRAS is the excess of loss reinsurance administration system that automates the calculation and production of reinsurance recoveries and reinstatements on complex reinsurance programs. It is licensed to Lloyd's managing agents, London market insurers, brokers, and insurance service providers to deliver time savings, accurate recovery calculations, Lloyd's Franchise Performance compliance, and presentation-quality settlement documentation.

Named customers15 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Z/Yen GroupcoreTechnology or Integration · 17 May 2016Z/Yen's MetroGnomo timestamping and document retrieval system has been integrated into XLRAS to provide immutable blockchain-based substantiation for reinsurance records. Uses Z/Yen's ChainZy woven broadcast technology to cast the ledger in multiple locations. This enables XLRAS clients to provide permanent blockchain evidence for any XLRAS data or output, including automatic timestamping of each reinsurance collection.
• States of AlderneyminorOthersThe States of Alderney (legislative assembly of the Channel Island of Alderney within the Bailiwick of Guernsey) provides regulatory oversight for MetroGnomo's integrity until 2021. They seek to become the leading centre for regulation and standards for mutual distributed ledgers.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Sapiens International: Sapiens provides core insurance software platforms (including the legacy EDM platform for the London market) and now offers cloud-native suites across P&C, life and reinsurance. A broad incumbent whose London-market presence overlaps with XLRAS's buyer set.
• Guidewire Software: Guidewire is a leading global insurance core system vendor (PolicyCenter, ClaimCenter, BillingCenter) used by many large P&C insurers. It competes for broader insurance administration budgets and is a platform incumbent whose expansion into reinsurance/london-market modules could pressure XLRAS.
• EIS Group (Majesco): EIS Group (now part of Majesco) provides a core insurance platform used by specialty and reinsurance carriers. It targets similar specialty/Lloyd's-type insurers and represents the platform-vendor alternative to standalone niche systems.
• Insurity: Insurity provides policy administration, claims and analytics software for P&C insurers and MGAs, with a presence in the London market through agency and carrier clients. A broad incumbent in insurance core systems competing for similar admin budgets.
• Duck Creek Technologies: Duck Creek provides a modern SaaS suite for P&C insurers spanning policy, billing and claims. As a broad incumbent it represents the cloud-native trajectory that could displace niche Windows systems like XLRAS over time.

Direct peers

• Charles Taylor InsureTech: Charles Taylor provides insurance administration services and software specifically targeted at the Lloyd's and London market, including run-off and claims administration. Directly comparable in customer base, geography and reinsurance workflows.
• Transactor Global Solutions: Transactor provides electronic placing and back-office software for the London insurance market, including reconciliation and settlement tools used by brokers and syndicates. Adjacent to XLRAS in workflow but directly targets the same Lloyd's ecosystem.
• SSP (Davies Group): SSP provides insurance software solutions for the London market including policy administration and claims. Now part of Davies, it serves many of the same Lloyd's insurers and brokers as XLRAS and competes for similar admin system budgets.
• Sequel Business Solutions (Verisk): Sequel (acquired by Verisk) provides reinsurance and insurance software specifically for the London and Lloyd's markets, including treaty administration. It is the closest functional competitor to XLRAS in excess of loss and treaty reinsurance administration.

Others

• DXC Technology (Insurance BPO): DXC (which absorbed Xchanging) provides insurance BPO and technology services for the London market, including back-office claims and policy administration for insurers and brokers. It is an enabling/ecosystem participant rather than a direct software competitor, but influences buyer choices in the same accounts as XLRAS.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Blem Information Management