Breaking News
Lockton Re first as it partners with Supercede to refine reinsurance data quality to boost efficiency and enhance client service
In response to the increasing demand for accuracy and efficiency in the reinsurance sector, global reinsurance broker Lockton Re has signed long-term agreement with Supercede, a frontrunner in reinsurance technology, to refine its reinsurance data.
Lockton Re becomes the first major reinsurance broker to adopt wholesale usage of the Supercede’s treaty data preparation platform having seen an increase in adoption amongst their mutual clients.
Like all reinsurance brokers, Lockton Re receives data from cedents in a myriad of formats, making it a lengthy process to understand, format, and cleanse before drawing meaningful conclusions.
Lockton Re’s pilot with Supercede during the summer led to confidence that many of the errors typically found in submission data could be automatically detected.
Supercede’s platform ingests data in its native raw format, regardless of its structure, and swiftly transforms it into structured and cleansed data. The platform’s advanced error detection and anomaly identification capabilities further streamline the process.
“Our independence allows us to focus entirely on meeting our clients’ needs,” said Claude Yoder, Global Head of Analytics at Lockton Re. “By integrating Supercede’s automation technology, we can work more efficiently and provide unmatched service quality to our clients.”
Reflecting on the collaboration, Supercede CEO, Jerad Leigh, remarked: “Empowering industry trailblazers like Lockton Re epitomises our mission. Watching them leverage our technology to bolster their service quality and efficiency is deeply rewarding and reaffirms our goal to revolutionise reinsurance.
“Watching the speed of adoption amongst cedent reinsurance buying teams really inspired us to push on with the platform’s maturity,” Leigh added. “Now, having well-respected brokers onboard gives us a further vote of confidence as the go-to platform for reinsurance data processing.”
People In This Post
- The 4th Financial Innovation Forum – Payments & RegTech Arrives in London Read more
- Double UK eCommerce Award Shortlisting for Ecommpay Read more
- Candescent Appoints Donald Chesnut as Chief Design Officer to Drive Digital Innovation Read more
- Meanwhile Sees Unprecedented Demand for BTC Life Insurance, Offers Policy With 0.25 BTC Minimum Read more
- Global Payments Announces the Launch of its Genius™ for Enterprise POS Solution Read more
Meanwhile Sees Unprecedented Demand for BTC Life Insurance, Offers Policy With 0.25 BTC Minimum
Meanwhile announced an update to its flagship Ten-Pay Whole Life policy, lowering the minimum from 1.0 BTC to 0.25 BTC
Kalepa To Partner with Canopius To Power Underwriting Excellence
Kalepa is pleased to announce that Canopius, a leading global specialty (re)insurer, has licensed its award-winning underwriting AI platform to accelerate growth and innovation across its lines of business in the US.
InsureMO and Appian Unite to Deliver Enterprise-Grade Underwriting Innovation for US E&S Specialty Insurance
InsureMO, the global leader in insurance middleware, today announced a strategic partnership with Appian (Nasdaq: APPN), a leader in process orchestration, to launch a unified underwriting solution tailored for the US Excess & Surplus (E&S) specialty insurance market. This collaboration brings together InsureMO’s enterprise-grade Excel Rater platform and robust API ecosystem with Appian’s advanced, AI-powered Connected Underwriting Workbench, setting a new benchmark for speed, flexibility, and operational excellence in E&S insurance.
Encova Insurance Leverages Sapiens to Streamline Testing and Improve Software Quality
Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, today announced the first implementation of Sapiens' Automated Testing Services (ATS).
Weather Protection at Agents’ Fingertips: Vortex Partners with First Connect
Vortex Weather Insurance is partnering with First Connect to make accessing Vortex's parametric weather policies easier than ever
Gradient AI Launches Risk Management Life Cycle Solution for Group Health
Gradient AI, a leading enterprise software provider of artificial intelligence (AI) solutions in the insurance industry, today announced the release of its enhanced group health AI-powered Risk Management Life Cycle solution. The platform integrates Gradient AI’s SAIL™ for new business underwriting with its Renewal Analytics for existing clients, creating a unified, full-cycle underwriting and risk management solution for group health insurers.
BOXX Insurance and Millennial Shift Technologies Announce Strategic Partnership to Expand Access to Cyber and Professional Liability Insurance Coverage
BOXX Insurance announced a new partnership with Millennial Shift Technologies to enhance broker access to Cyberboxx® Business,
The 4th Financial Innovation Forum – Payments & RegTech Arrives in London
The 4th Financial Innovation Forum – Payments & RegTech is one of the best Payments, RegTech and compliance events in the UK, bringing together leading experts in payments, compliance, and financial services innovation.
Double UK eCommerce Award Shortlisting for Ecommpay
Ecommpay, has been shortlisted in two categories of the UK eCommerce Awards that celebrates outstanding platforms
Candescent Appoints Donald Chesnut as Chief Design Officer to Drive Digital Innovation
Candescent announced that Donald Chesnut has been named Chief Design Officer to develop exceptional digital experiences and innovation
Meanwhile Sees Unprecedented Demand for BTC Life Insurance, Offers Policy With 0.25 BTC Minimum
Meanwhile announced an update to its flagship Ten-Pay Whole Life policy, lowering the minimum from 1.0 BTC to 0.25 BTC
Global Payments Announces the Launch of its Genius™ for Enterprise POS Solution
Global Payments announced that its Genius solution for enterprise customers is available in the U.S.
Upbound Group Announces Appointment of Chief Growth Officer
Upbound appointed Ms. Rebecca Wooters to the newly created role of Chief Growth Officer
UPS and American Express Announce Collaboration at the Intersection of Logistics and Payments
UPS and American Express announced an expanded agreement to help small businesses grow and drive commerce in their communities