This will enable brokers and carriers to effectively and efficiently transform their operations using structured data and a Common Data Record (CDR) across all aspects of the reinsurance lifecycle, worldwide.
The move is hot on the heels of the hire of former Willis Re CTO Aydin Betez as Chief Product Officer, Supercede’s partnership with Trace, a market-leading technology provider, to bring end-to-end solutions to global brokers, and the partnership with global data standards leader ACORD.
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Supercede has quickly established itself as the reinsurance platform of choice for cedents, brokers, and reinsurers keen to access ‘reinsurance that connects’ by bringing together data, deals, and people across Supercede’s three interoperable solutions: Analytics, Placements, and Network. The partnership with WCL is the next stage in that journey as Supercede continues to build out its global reinsurance ecosystem.
Jerad Leigh, Co-founder and CEO of Supercede, said: “WCL has a fantastic track record of enabling brokers and carriers to effectively and efficiently transform their operations using structured data, spanning the Placement of risks, Accounting and Settlement, and Claims. As such, we knew from the start that they would be an important partner to ensure that clients were able to make the most out of working with Supercede.
“As we continue to develop Supercede’s offering for the market, we are excited to be working with WCL to make sure that placement data is seamlessly transferred to critical down-stream solutions, to deliver on the efficiency and data needs that our clients demand.”
James Willison, MD, WCL said: “For WCL, partnering with Supercede made fantastic sense. As a business that is dedicated to supporting clients through their digital journey, working with an innovative company such as Supercede is invaluable to our mission. Through the partnership, we will bring essential access to data and digital placing benefits to our roster of mutual clients. Both WCL and Supercede have a similar outlook and aspirations for data in the market – to make data accessible to all to increase operational efficiency.
“It has been great to work with Supercede at the beginning of its development and we look forward to continuing the partnership for the benefit of the global reinsurance market.”
Connecting Supercede Placements with WCL enables the market 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 many.