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Xchanging plc, the business technology and services provider, has today announced the first customers for its new Global Reinsurance Placing Platform - globalREmarket |
globalREmarket delivers a simple, secure, auditable environment for the submission and review of RI risks anywhere in the world.
The platform provides a single online repository for brokers to quickly distribute risk information in a consistent format to world-wide reinsurance carriers. The platform also allows carriers to carry out high level triage analytics, which will result in better response time and execution.
globalRemarket has been designed from the ground up with the needs of brokers and carriers in mind to deliver tangible improvements to the existing process, whilst ensuring adoption is to be made easy.
Xchanging has signed up leading reinsurance broker TigerRisk who has agreed to distribute all of their deals through globalREmarket to carriers.
Max Pell MD of Xchanging UK Insurance services, comments:
“We are delighted that TigerRisk has chosen to become our first broker partner to join this innovative solution to simplify and speed up the process of distributing reinsurance risks around the globe.”
Rod Fox, CEO of TigerRisk comments:
“We think it’s time our industry fully embraces technological advances to deliver a better, faster product for all parties. We are excited to be working with Xchanging on the roll out of the globalREmarket platform.”
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