Connect with us

Hi, what are you looking for?

Loan And Finance

InsurerCore and U.S insurTech join forces to create networking and insurance capacity marketplace

insurtech insurance technology 4


Joint InsurerCore and Stere platform greatly improves program and facility speed to market

For over 4,000 U.K. insurance professionals, finding program and portfolio capacity will soon be a whole lot easier with the new bespoke platform from InsurerCore and Stere. Responding to customer demand for an all-in-one marketplace that would facilitate both networking and capacity placement, U.K.-based InsurerCore, a professional risk appetite network exclusively for insurance professionals, and U.S.- based Stere, a capacity placement marketplace for capacity seekers and providers, have launched a unique capacity/business search engine that fuses professional networking with program and portfolio level matchmaking capabilities.

“We are thrilled by the competitive advantages this Stere platform will bring to our customers,” said InsurerCore Founder and Managing Director Peter Clarke. “In the current insurance market, who you know is key and by combining the strength and scope of the InsurerCore and Stere networks, we will give our customers access to capacity placement opportunities and efficiency gains found nowhere else.”

The partnership brings benefits to both sides of the Atlantic. Since the launch of Insurer Core’s Beta in 2020, the company has become the largest network of its type in Europe with over 2,000 insurers, MGAs, and brokers spanning 560 products from across the U.K. and abroad. The new joint platform means that Stere MGA and program administrator clients gain access to this key London market network while InsurerCore members have access to Stere’s superior selection engine and program placement digital ecosystem, which improve program owner placement success rate and tackle speed-to-market, capacity sourcing, and other challenges facing the industry.

“On average, carriers and reinsurers only work with about 1% of the programs they review,” said Stere CEO Dogan Kaleli. “In teaming up with InsurerCore to create a game-changing capacity and networking ecosystem we aim to vastly increase the universe of capacity opportunities for portfolios, facilities and schemes across the London market. Whether you are a carrier, reinsurer, reinsurance broker, or program admininstrator, our digitised processes eliminate manual capacity placement pain points and inefficient post-placement steps, making it easier and faster to place business.”

Authored by Insurercore and Stere

Advertisement. Scroll to continue reading.



Source link

Click to comment

Leave a Reply

Latest

Online Business Success

A general view of electricity pylons in Mumbai, India, October 13, 2021. — Reuters NEW DELHI: India is facing its worst power crisis in...

Loan And Finance

Business & FinanceGovernmentPolitics 07 May 2022, 2:03 am. 1 minute Reuters exclusively reported that US and Chinese regulatory officials are in talks to settle...

Loan And Finance

Julia Hummel has been named Vice President, Digital Strategy & Business Development, at Warner Music Canada. Hummel will help the label’s artists leverage opportunities...

Online Business Success

By Andrew Schrage, CEO of Money Crashers, helping consumers and small businesses build strong foundations on the path to financial and personal success. getty...

Top Stories

As the fall of Terra (LUNA) and TerraUSD (UST) may have a noticeable short-term impact on the decision-making of both retail and institutional investors,...

Loan And Finance

Business & FinanceDealsEnergy 09 May 2022, 4:49 am. 1 minute Reuters exclusively revealed Germany’s VNG will transfer euro payments for Russian gas to Gazprombank...

Advertisement

You May Also Like

Uncategorized

Introductions get a lot of attention. I’ve explored the topic of how to write them even though as a reader, I always skip them....

SEO Guide

There are all kinds of pictures of the world on the internet, but to find one of these specific pictures that you want to...

Online Business Success

The internet is now our nervous system. We are constantly streaming and buying and watching and liking, our brains locked into the global information...

Online Business Success

You can think of link building in many ways. I like to call it tedious, painful, and a test of patience. It’s also necessary...

Advertisement