Global reinsurance brokerage, Lockton Re, has partnered with Tremor Technologies to deliver modern reinsurance trading capabilities to its clients, via the integration of Tremor’s pricing optimisation technology into Lockton Re’s SAGE platform.
The reinsurance broker’s SAGE proprietary software platform is designed to better help insurers understand risk impacts with a detailed and transparent view of all possible risk transfer structuring options.
With the integration of Tremor, the insurtech offering a technology-based programmatic insurance and reinsurance risk transfer marketplace, buyers of reinsurance protection can use the Lockton Re SAGE platform to programmatically trade risk, as well as assess risk and determine optimal risk structure.
Claude Yoder, Head of Analytics Lockton Re, said: “Our partnership with Tremor enhances Lockton Re’s ability to deliver the best possible outcomes to our clients. We have a Born Digital ethos at Lockton Re that means we’re constantly exploring new ways to leverage our modern technology platform to create more flexibility and efficiency. By integrating Tremor’s pricing technology we can now offer access to programmatic trading.”
Sean Bourgeois, Tremor founder and Chief Executive Officer (CEO), added: “We’re excited to offer Lockton Re clients seamless access to Tremor’s advanced auction technology which delivers tangible benefits in speed and efficiency.
“Lockton Re and Tremor both understand how effective technology can transform the reinsurance industry. The sophistication and capability of Tremor’s technology is unique in the market. When integrated with a forward-looking brokerage, the combination is powerful.”
Lockton Re states that its SAGE platform will continue to develop in line with the needs of clients, and plans to have Tremor’s pricing tech available to its clients in December.