Reprinted from the Intelligent Insurer, October 24 2022. European reinsurers are as keen to embrace online reinsurance pricing and placing as their peers in the rest of the world – and even have an advantage because of the greater frequency of face-to-face contact reinsurers and cedants have in the market. That is the view of Sean Bourgeois, chief executive officer of Tremor, the online reinsurance pricing and placing platform, which has unveiled its Reinsurer Product Council comprising eight global reinsurance companies and insurance-linked securities (ILS) funds representing nearly $100 billion in capital.

Tremor Technologies, Inc., the leading online reinsurance pricing and placing platform, is pleased to announce that the company has launched its Reinsurer Product Council with its first cohort of eight global reinsurance companies and ILS funds participating representing nearly $100B in industry capital. Participating companies include a cross section of major US, Bermudian and European reinsurers as well as alternative capital providers. “Tremor is on a mission to create a transparent, price and cost efficient reinsurance marketplace that benefits everyone.

Tremor Technologies, Inc. Founder & CEO Sean Bourgeois participated in a fireside chat today during the Jefferies Insurtech Conference to discuss alternative re/insurance distribution with insurtech pioneer Jennifer Fitzgerald, co-founder & CEO of Policygenius and Yaron Kinar of Jefferies investment bank. The conversation covered a wide range of topics including a review of the core business models of each company, which product lines each company distributes and each company’s view on the value in the insurance ecosystem being weighted to distribution.

Tremor Technologies, Inc., the leading online reinsurance pricing and placing platform, is pleased to announce that it has released RetroOS™, a cloud-based operating system for reinsurers buying and selling retro coverage. With RetroOS™, Tremor’s 125 reinsurers can now buy or sell UNL, Parametric, or Blended Retro coverage directly on-platform faster, better and more competitively than traditional placement. On the back of it’s record-breaking $175 million reinsurance premium year in 2021, Tremor is now excited to enter in the retro market in a major way in 2022.

Tremor Technologies, Inc., the leading online reinsurance pricing and placing platform, is pleased to announce that its marketplace has transacted $175M of reinsurance premium in 2021 and has achieved exciting marketplace revenue growth of over 400% year over year. Since 2018, over $275M of reinsurance premium has been transacted on the Tremor marketplace. While the market has continued to harden overall and traditional reinsurance placements struggle, Tremor has had its best quarter yet delivering required capacity for challenging placements well ahead of renewal dates with record numbers of participating reinsurers.

Tremor Technologies, Inc., the leading online reinsurance pricing and placing platform, is thrilled to announce the firm’s latest major feature release, Tremor Fetch™. Fetch™ allows reinsurers to authorize following capacity and automatically receive their line at the market clearing price, subject to their constraints. Reinsurers utilizing Fetch™ can note their minimum price and also the maximum share they would be willing to receive if they so choose. Along with a suite of authorization subjectivities, Tremor offers nearly 120 participating reinsurers precise capacity authorization capabilities in a secure, online environment.

Tremor Technologies, Inc., the leading online reinsurance pricing and placing platform, is thrilled to announce the firm’s latest major feature release, Tremor X-Ray™. Tremor X-Ray™ X-Ray™ provides insurance companies with powerful real-time views of where capacity is coming from for their reinsurance programs. For the first time, insurers can filter by partner group, A.M. Best rating and more to see how supply flows in the market. Insurers can group reinsurance markets together in various ways, including stacked groups, then see very clearly where the most competitive supply subject to their constraints is coming from and react accordingly.

Tremor Technologies, Inc., the leading online reinsurance pricing and placing platform, is thrilled to announce the firm’s latest major feature, Tremor Blackboard™ Designed for ceded reinsurance teams currently working with spreadsheets, email and faxes asynchronously trying to organize reinsurance placements across offices, locations and possibly countries, Tremor Blackboard™ offers a modern collaboration solution that plugs directly into our award-winning marketplace with no additional software required. With Blackboard™, cedents have access to Tremor’s marketplace of $500B of reinsurance capital and state-of-the-art pricing and allocation technology.