Lockton Re, the global reinsurance business of the world’s largest privately held independent insurance broker and Tremor Technologies have partnered to deliver modern reinsurance trading capabilities to Lockton Re clients. Lockton Re’s SAGE™ platform now integrates Tremor’s pricing optimization technology. The result is a programmatic option for the execution of syndicated reinsurance programs.
SAGE™, Lockton Re’s proprietary software platform, helps insurers better understand risk impacts with a comprehensive and transparent view of all possible risk transfer structuring options. With the integration of Tremor, reinsurance buyers can use the Lockton Re SAGE™ platform not only to assess risk and determine optimal risk structure, but also to programmatically trade risk.
“Our partnership with Tremor enhances Lockton Re’s ability to deliver the best possible outcomes to our clients. We have a Born Digital ethos at Lockton Re that means we’re constantly exploring new ways to leverage our modern technology platform to create more flexibility and efficiency. By integrating Tremor’s pricing technology we can now offer access to programmatic trading,” remarked Claude Yoder, Head of Analytics, Lockton Re.
“We’re excited to offer Lockton Re clients seamless access to Tremor’s advanced auction technology which delivers tangible benefits in speed and efficiency,” said Tremor founder and CEO Sean Bourgeois. “Lockton Re and Tremor both understand how effective technology can transform the reinsurance industry. The sophistication and capability of Tremor’s technology is unique in the market. When integrated with a forward-looking brokerage, the combination is powerful.”
Lockton Re’s SAGE™ will continue to develop in line with the needs of clients, the platform helps the user to visualize, design and modify different structures to help optimize risk profile. Lockton Re plans to have Tremor’s pricing technology available to its clients in December.