Sean Bourgeois, the former founder of innovative online reinsurance marketplace Tremor, has launched his next venture, a secure communications platform for the global commercial insurance industry named fuse.
According to Bourgeois, Founder & CEO, fuse offers retail, wholesale and reinsurance brokers, insureds, insurers and reinsurers a 24/7 available web-based platform to connect and speed re/insurance transactions to placement.
Aimed at dramatically reducing the time from submission to placement with modern technology, fuse offers its users a “single pane of glass” to work through multiple transactions with multiple parties in real-time.
“A common communications layer is entirely missing in the commercial insurance and reinsurance industry – this technology is commonplace and vital throughout most capital markets. I believe, if executed properly, a modern commercial re/insurance communications platform will be welcomed by industry participants and have the potential to revolutionize how the market meets, negotiates and transacts,” Bourgeois said.
He continued, “Precious hours and days are lost trying to keep track of and answer disparate unsecure emails and texts as commercial insurance transactions move through negotiation to close.
“Meanwhile, in the capital markets, advanced inter-company communication services exist to connect the market to accelerate trade and improve compliance. Fuse is bringing the same modern messaging tech to commercial re/insurance.”
The fuse platform enables users to create, manage and archive live transaction conversations across deals and across companies in one place. The platform also incorporates the “best of popular messaging applications” fit-for-purpose for commercial re/insurance.
Fuse is available as a desktop web application and is also fully mobile-compliant for “true 24/7 access on-the-go.”
As per Bourgeois, during the past weeks, the company has hosted brokers, insureds and underwriters to pressure test the application and to provide valuable feedback.
The fuse application is now available in public beta and any market participants that are interested to test the application, can sign up to do so on the company’s website: www.fuserisk.com.
