Trace and Supercede both provide flexible and scalable solutions to support reinsurance brokers.  Supercede Placements, which enables brokers to manage and streamline the reinsurance placement  process with its free e-placement platform, has integrated with Trace’s OpenTWINS technology, to  seamlessly connect with brokers’ back-offices, from placement integration, to settlement and beyond. 

Ben Rose, Co-founder and President of Supercede, said: “Trace has a long, successful record of building  innovative business-critical software, and is a trusted partner to reinsurance brokers, worldwide. Our  partnership is a perfect fit, as connecting with broker systems is an essential part of Supercede’s vision.  

“Building this connectivity with OpenTWINS is ideal as it is already the preferred solution for many of the  world’s largest reinsurance brokers. Together we now provide a seamless reinsurance placement and back office solution out of the box, delivering huge efficiencies and cost-savings for brokers. Further, OpenTWINS  captures a lot of valuable data that brokers need during the busiest times of the year.” 

Simon Howden, CEO of Trace, said: “Supercede is an exciting InsurTech, committed to radically  improving the reinsurance placement experience. It means that our global broker clients can adopt a  best-in-class placement platform from their desktop with the confidence that it will seamlessly connect  to our market-leading solution. 

“When we first met Supercede, we immediately saw the benefits of their placement platform. It was  easy and efficient to get the APIs up and running and our integration to Supercede is now a standard  part of the OpenTWINS offering for all our customers.” 

Connecting Supercede placements and Trace’s OpenTWINS with a REST API enables brokers to enter  data only once, which can then be replicated between systems, thereby eliminating the need to re-key  data multiple times. This interconnectivity greatly improves the efficiency and accuracy of critical data entry and overcomes a significant source of frustration and cost-inefficiencies for brokers. 

As the largest global network of reinsurance professionals, Supercede represents over 90 reinsurance  broking and underwriting firms, worldwide. The Supercede placement platform works across all non life products and lines of business and provides a seamless flow of actuarial-grade data which can also  be connected to underwriter systems via APIs.