UK-based InsurerCore, a professional risk appetite network for insurance professional, and US-based InsurTech Stere, have partnered to create a networking and capacity marketplace.
InsurerCore provides product listings, an ‘insurance search engine’, advanced analytics, and a scrolling news feed to enable efficient and informed communication around risk appetite.
Stete is a digital ecosystem for insurance programmes. With Stere, programme leaders source capacity and access digital tools to launch sooner. Stere clients are “capacity seekers” such as MGAs, programme administrators, and embedded insurance programmes, along with their ecosystem partners such as carriers, fronting carriers, reinsurers, brokers, program consultants, and technology providers.
According to Stere, finding programme and portfolio capacity will be easier with the platform the two companies will provide.
Dogan Kaleli, Stere CEO, said, “On average, carriers and reinsurers only work with about 1% of the programmes they review. In teaming up with InsurerCore to create a game-changing capacity and networking ecosystem we aim to vastly increase the universe of capacity opportunities for portfolios, facilities and schemes across the London market. Whether you are a carrier, reinsurer, reinsurance broker, or program administrator, our digitised processes eliminate manual capacity placement pain points and inefficient post-placement steps, making it easier and faster to place business.”
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