Tremor Technologies, Inc., the leading online reinsurance pricing and placing platform, has followed up its groundbreaking in-marketplace communications platform launch with a powerful solution to completely digitize the reinsurance contract negotiation and approval process with its release of Tremor Wordings™. “A well known industry pain point, negotiating and finalizing contract wordings for traditional reinsurance placements involves dozens of versions of documents with out of synch track changes, roughly managed with spreadsheets exchanged between insurers, brokers and reinsurers.

AdvantageGo, a leading commercial insurance and reinsurance software provider, part of Coforge, today announced a strategic alliance with Tremor, a leading online reinsurance pricing and placing platform. Modernising the way to place reinsurance, Tremor provides reinsurance cedents with a new channel and an automated approach for finding the best market rates for reinsurance protection. The cost of reinsurance has increased dramatically at recent reinsurance renewals. Hard market pricing has put pressure on insurance carriers trying to renew their large reinsurance treaty programmes.

Brokers are market experts. They live and breathe their markets and apply their unique expertise to help clients to get the best results. As modern technology revolutionizes the way humans connect – from social networks to programmatic trading – the need for their expertise navigating complex markets like reinsurance has never been greater. The history of broking Broking has always been about connecting the right client and counterparty. Historically, the hardest part of making a deal was finding the people who wanted to trade.