Reinsurers can now offer the capacity they want at the clearing price found
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. Fetch™ is an ideal solution for following markets, algorithmic syndicates and AI-powered insurtechs.
Tremor has had an exciting 2021 - in each quarter the company has had major feature releases. Starting with the launch of the company’s next generation marketplace, Panorama™ earlier in the year, followed by Surveyor™ (real-time coverage comparison), Blackboard™ (real-time collaboration) then X-Ray (real-time capacity viewing) and now Fetch™ (automatic following capacity). With Fetch™ specifically, Tremor delivers to reinsurers a true price-taking option that guarantees they will receive the line they want for programs that are important to them whereby they may prefer to simply take the clearing price as opposed to submitting a more robust bid.
“2021 has been an amazing year for Tremor both from a product adoption perspective and for the development of our product itself. Launching four major releases after deploying Panorama in February has been exciting to see and members of the Tremor marketplace really appreciate the continual addition of new capabilities to improve their buying and selling experience - in fact, many of our latest features have been developed in close partnership with insurers and reinsurers,” said Sean Bourgeois, Tremor Founder & CEO.
Tremor Fetch™ is available at no additional cost to reinsurers as part of the company’s Marketplace 2.0 platform.