TMU Management and actuary.aero Unveil New Model for Managing Deferred Delivery Risk

TMU Management and actuary.aero Unveil New Operating Model for Managing Deferred Delivery Risk

In a groundbreaking development for the financial sector, TMU Management has joined forces with actuary.aero to revolutionize the management of deferred delivery risk for acquiring banks. Announced on February 25, 2026, this strategic collaboration is set to transform how banks handle counterparty credit risk across deferred delivery merchant portfolios by utilizing real-time exposure intelligence.

For years, the risk frameworks established in deferred delivery sectors by acquirers have relied heavily on approximations. Instead of measuring exposure directly, banks have often inferred it. Furthermore, controls have remained static rather than adapting to the ever-changing risk landscape, and reserves have been applied broadly due to a lack of real-time visibility into portfolios. This outdated approach has resulted in conservative capital treatment, hampered merchant growth, and ongoing friction between risk management, commercial teams, and underwriting departments.

A New Operating Model

The collaboration between TMU Management and actuary.aero introduces a new, proactive operating model. By merging portfolio-level Acquirer Chargeback Insurance with real-time, transaction-level exposure data, acquiring banks can now manage deferred delivery risk more effectively. This model enables the insurance of deferred delivery portfolios while maintaining merchant-level control, allowing banks to add or remove specific merchants as exposure profiles evolve.

Traditionally static, assumption-based reserves can be replaced or supported by smarter controls tailored to the acquirers' risk strategies. All decisions will be based on live exposure data rather than outdated historical averages or general sector assumptions. This fundamental change allows for a clearer understanding of risk dynamics.

Insurer Alignment and Real-Time Intelligence

A crucial advantage of this new model is its ability to align insurers with lenders better. By sharing exposure data continuously and analyzing it at a granular transaction level, insurers will not face risk for the first time during the claims process. Instead, portfolio behavior, exposure accumulation, and risk dynamics will be preemptively understood, facilitating clearer underwriting, faster claims processing, and reducing contested outcomes.

The immediate applicability of this collaboration is significant, especially in sectors like travel, which embody the most complex forms of deferred delivery risk. However, its principles are equally relevant to other areas such as ticketing, events, and prepaid leisure activities.

Quotes from Industry Leaders

Sami Doyle of TMU Management remarked, "This partnership signifies a fundamental shift in managing deferred delivery risk. Acquirers can now move beyond reliance on static controls resulting from limited visibility. Portfolio-level insurance, paired with live exposure intelligence, offers a way for banks to transfer and govern risk with precision."

Echoing this sentiment, Livia Vité, CEO of actuary.aero, stated, "Deferred delivery risk has always been manageable. The true challenge lay in gaining a clear enough perspective to act at the right time. We are transforming complex transaction data into a unified view of exposure, ensuring that risk management achieves earlier and more precise outcomes, without resorting to blunt restrictions."

Implications for the Payments Ecosystem

For acquiring banks, this collaboration provides a means of safeguarding portfolios without resorting to rigid limitations. It empowers insurers with underwriting processes that are deeply rooted in continuous risk intelligence rather than relying solely on retrospective analysis. Moreover, this partnership marks a paradigm shift towards intelligence-led management of deferred delivery exposure across the broader payments ecosystem.

In summary, the alliance between TMU Management and actuary.aero paves the way for a future where deferred delivery risks are managed with unprecedented clarity and flexibility, benefiting not only the banks involved but the entire transactional landscape.

About TMU Management: TMU Management operates as an Insurance Managing General Agent (MGA), specializing in Acquirer Chargeback Insurance for deferred delivery sectors, offering portfolio-level protection fused with merchant-level flexibility.

About actuary.aero: Actuary.aero specializes in providing real-time deferred delivery exposure intelligence for acquiring banks, payment processors, and insurers by converting complex transaction data into shared visibility for better risk management and sustainable growth.