Tremor Technologies, the insurtech with a technology-based programmatic insurance and reinsurance threat transfer marketplace, has actually included another ingenious function to its software application, now releasing Tremor Blackboard ™ a real-time collaboration tool so remote and worldwide teams can interact on their reinsurance placements.Tremor Blackboard ™ makes it possible for ceded reinsurance groups to work together on their placements no matter where they remain in the world, something which is much more important in the post-peak pandemic world, where remote-working has become more widely accepted and physical markets and places less important to getting the task of threat, insurance and reinsurance transfer done.
This new collaboration functionality is offered to users of Tremors danger transfer and reinsurance placement Marketplace 2.0 platform without any extra software application required and at no additional cost.
Its developed to provide another value-added tool to delivered reinsurance groups who often find themselves working across systems such as spreadsheets, e-mail and faxes, in addition to across time-zones, meaning they can team up in real-time to arrange their placements.
The company amounts up the benefits to cedents of this performance as follows, “For insurance business and their brokers investing weeks and weeks of time trading emails with spreadsheets trying to keep a single source of truth maintained, Tremor Blackboard ™ is for you– no more e-mail, no more spreadsheets and definitely no more faxes. No requirement to add even more software application to your positioning procedure. Error prone double entry of data is likewise gotten rid of.
Using the Blackboard collaboration tool, cedents still have access to all of the rates and allocation functionality of Tremors innovative market software and access to all of the $500 billion or more of reinsurance capability that can be linked to through the platform, but can now review numerous rate, limit and terms scenarios no matter where the team is dispersed to.
It suggests that cedents personnel can work on placements, tweaking terms, limitations and options, together and live in Tremors application.
As an outcome teams can now check their presumptions, conserve situations, interact as a group to reach arrangement on an ideal reinsurance or danger transfer positioning.
Impressively, offered the real-time partnership focus, the new function implies when one user makes a change in their account the whole group can see them live, quickly on their screens.
Trembling calls this “A modern approach to reinsurance program management that saves time and effort while logging progress every action of the way with a complete audit path.”
The business amounts up the advantages to cedents of this performance as follows, “For insurance coverage companies and their brokers investing weeks and weeks of time trading emails with spreadsheets trying to keep a single source of fact kept, Tremor Blackboard ™ is for you– say goodbye to e-mail, say goodbye to spreadsheets and certainly no more faxes. No more cumbersome Zoom screen sharing. No need to include a lot more software to your positioning procedure. Error vulnerable double entry of data is also removed.
” Put contemporary trading innovation to work for you and utilize modern cooperation tools to examine, discuss and settle your reinsurance programs wherever you remain in the world whenever you like. Your reinsurance program is at your whole groups fingertips and constantly as much as date, 24/7, 7 days a week.”
This is simply the most recent improvement to Tremors risk transfer and reinsurance marketplace, as the insurtech continues to provide additional worth to users.
Partnership is absolutely type in the post-peak pandemic world we find ourselves in and Tremor is listening to its users requirements and responding appropriately, providing functionality that can basically make a reinsurance buying teams job much easier and ultimately reduce the friction around reinsurance positionings, as well as some of the effort and even costs.