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.

Tremor Technologies, Inc., the leading online reinsurance pricing and placing platform, has announced the launch of TremorTalk™ an embedded end-to-end modern communications platform within the Tremor marketplace. “Disconnected emails, spreadsheets and third party data administration applications end up becoming a really frustrating game of telephone tag during the traditional reinsurance placement process. What reinsurance buyers and sellers want is a simple, intuitive communication single source of truth coupled with modern price discovery and optimal allocation.

The last mile is often the hardest when placing reinsurance. Inevitably, some risk is popular while other risk is not – for the risk that is unpopular, you need to call on select markets to close the gap. The thing is, whom do you call? Call on one and ask for a big favor? Take the time to call 5 or 10 and hope for the best? With the traditional FOT process, it’s a guessing game, and the markets who do help you will accept an allocation that is substantially different from what they originally wanted.

Insurance is protection. When the reinsurance market fails, risk isn’t transferred and, in the worst case, people are left exposed – market failures undermine the very reason that insurance exists. 2022 was such a market failure. We discuss the underlying economics and the lessons the industry must learn – that a modern market mechanic with robust price discovery is critical – so it doesn’t happen again. 2022 was one of the most challenging reinsurance markets in decades.

Tremor Technologies, Inc., the leading online reinsurance pricing and placing platform, has announced the launch of Tremor Public™ to address residual insurance markets which are publicly funded insurers of “last resort” when coverage in the traditional market is not available to consumers and businesses. “Tax payer funded, not for profit insurance companies deserve full transparency for their substantial reinsurance purchases - true market clearing prices that the public can understand powered by competitive market forces, exactly what Tremor delivers!

Tremor Technologies, Inc., the leading online reinsurance pricing and placing platform, has launched a modern cat bond issuance platform called Tremor Issuer™, powered by its Panorama marketplace technology. Tremor Issuer™ is an online application part of the suite of Tremor services which can be accessed online by investors, issuers, bankers and brokers. “In the last two weeks alone, we have seen four cat bonds price 15% or more below initial guidance.

Reinsuring a risk or treaty is never contemplated in isolation. Every decision to transfer risk is made considering the overall portfolios of both the insurer ceding the risk and the reinsurer taking it on. Most reinsurers prefer to take on a diverse slice of a cedent’s risk, and most cedents need reinsurance across their entire portfolio. Since our goal at Tremor is to improve the allocation of risk – not just the syndication of individual treaties but the allocation across programs as well – we are excited to announce two additions to the Tremor platform: Multiplace determines prices and allocations for multiple programs simultaneously while automatically managing cross-treaty concerns.