Reinsurance pricing and placing platform provider Tremor Technologies has announced the launch of a fully featured Sandbox version of its marketplace where mock transactions can be conducted as a buyer or seller of reinsurance protection.
Tremor Sandbox is designed to enable users to practice and try out specific platform features and to experience Tremor from the other side of a transaction.
As a reinsurer, the authorization demo lets users authorize mock coverage then simulate a cedent who buys a full fill so that users can see the final line.
The demo steps between the reinsurer authorization phase and results, allowing the user to practice submitting supply curves in a standard authorization, simulate results, and explore how changes to supply curves and constraints impact outcomes, amongst other potential benefits.
Meanwhile, as a cedent, the demo lets the user manage a transaction from start to finish and see Tremor’s Panorama interface for setting pricing.
From this point of view, users can explore authorized capacity in Tremor’s Panorama interface and submit final pricing, manage the reinsurers that will participate in the transaction, see how the pricing set in Panorama translates into final lines, and try panel controls, scenarios, and other advanced features.
“As Tremor continues to grow and innovate, it’s vitally important that we ensure full transparency for both sides of our marketplace,” said Sean Bourgeois, Tremor’s Founder & CEO.
“Allowing both sides of a reinsurance placement to experience what Tremor is (and isn’t) is important to us, we have spent a significant amount of time and resources to develop Tremor Sandbox™ as we continue to welcome more buyers and sellers to the platform this year,” Bourgeois added.
“Stay tuned for further market engagement initiatives we have planned for 2022 and 2023!”