(Image source: Supercede homepage.)
Supercede Analytics (Telford, U.K.) has been selected by Hannover Re (Hannover, Germany) to join hr | equarium, the company’s exclusive online innovation platform that connects solution providers with insurance companies around the world.
Hannover Re is the third-largest reinsurance group in the world with over 5,000 contacts across the re-insurance industry. As such, it is well positioned to host a platform such as hr | equarium, which the firm describes as a global marketplace that unites insurers with leading InsurTechs and other solution providers, and, vice versa, enabling solution providers to reach out to the right clients in the industry, worldwide.
Supercede, a Lloyd’s-approved platform, describes its offering as the first end-to-end reinsurance placement platform built for dealmakers, letting cedents, brokers, and reinsurers to manage the complete reinsurance lifecycle and streamline the outdated placement process, on a free-to-trade basis.
Helping More Cedents and Brokers
“We are delighted to be asked to join Hannover Re’s exclusive online platform as a hr | equarium Verified Solution,” comments Ben Rose, co-founder and president, Supercede. “It will enable us to widen our already extensive network and help more cedents and brokers overcome a major issue for the market.
Currently, reinsurance submission data is the main cause of delays and higher costs in the placement process, Rose notes. “It can take months of data collection and preparation for the cedent, weeks of back and forth validating for the broker, and days of unzipping, copying, pasting, and re-analysing for the reinsurer,” he says. “Our premium product, Supercede Analytics, automates and reduces this process down to a matter of days.”
Supercede asserts that, as the largest independent global network of reinsurance professionals, it represents over 90 reinsurance broking and underwriting firms, worldwide, and enables users to trade reinsurance deals without cost on one intuitive placement platform.
“Brokers gain from a better placement process; reinsurers gain access to more risks and data; and cedents can enhance their submission quality, with the premium product Supercede Analytics,” a Supercede statement says. “The platform works across all non-life products and lines of business, with a seamless flow of actuarial- grade data, which brokers and reinsurers no longer need to rekey.”