Modern end-to-end audited communications within the deal stream
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. TremorTalk marries modern communication with our market-leading pricing and placing technology.”, said Sean Bourgeois, Tremor CEO.
TremorTalk gives each reinsurer a dedicated channel to discuss a placement with the cedent/broker, connecting everyone to the people they need to know to get the transaction done. Reinsurers can ask questions; cedents can answer them and provide supplemental data. Moreover, the conversation is conveniently tied to the transaction, so the buyer and their team can easily find it in the future.
Communication channels are placement-specific. Reinsurance buyers can not only message specific counterparties, but they can also broadcast messages to all participants simultaneously. The entire thread is maintained in the platform, available for viewing or downloading in the future - a complete audit trail of key communications across all parties during the placement process. The communication protocol functions similar to popular generalist applications like Slack. The goal is to keep the process simple and valuable while maintaining a clean audit trail of each transaction.
“TremorTalk is much more than messaging. It is a fundamental building block for our platform. We see a natural evolution to better enabling treaty contract wording and facultative certificate negotiation and finalization which is often a frustrating process requiring the management of dozens of Word documents over email. Furthermore, we see a natural expansion into claims notification and servicing. Lastly, and perhaps most exciting of all, we see integration possibilities between TremorTalk and the rapidly evolving ecosystem of AI tools that could supercharge both the buying and underwriting process of the future, so much more to come”, continued Bourgeois.
TremorTalk is immediately available for placements for all 140 registered reinsurers and cedents utilizing the Tremor platform. Insurers, reinsurers and brokers interested in learning more about Tremor’s technology and how we can help are invited to reach out directly to the company by contacting Suzan Jo at firstname.lastname@example.org.