ADVANTAGEGO AND TREMOR ANNOUNCE STRATEGIC ALLIANCE

London, 23^rd May 2023 – AdvantageGo, a leading commercial insurance and reinsurance software provider, today announced a strategic alliance with Tremor, a leading online reinsurance pricing and placing platform.

Modernising the way to place reinsurance, Tremor provides reinsurance cedents with a new channel and an automated approach for finding the best market rates for reinsurance protection.

The cost of reinsurance has increased dramatically at recent reinsurance renewals. Hard market pricing has put pressure on insurance carriers trying to renew their large reinsurance treaty programmes.

Today’s release builds on previous announcements regarding the AdvantageGo Ecosystem.

“The Tremor Panorama platform offering represents an evolutionary jump in the risk placement process for reinsurance,” said Ian Summers, Global Business Leader, AdvantageGo.

“Our business relationship and strategic alliance with Tremor expands the frontiers of the AdvantageGo Ecosystem to new service providers and complementary offerings in the market,” said Summers.

“Philosophically, Tremor is a company looking to evolve the way the market works, challenging its norms, but respectful of proven methodologies – all things with which we at AdvantageGo strongly identify,” Summers added.

“Tremor is excited to partner with AdvantageGo and to join its Ecosystem of technology solutions as its reinsurance platform partner”, said Sean Bourgeois, CEO, Tremor Technologies, Inc.

“Tremor is pleased to offer members of the Ecosystem digital access to the global reinsurance market coupled with modern pricing and placing tools to optimize treaty and facultative reinsurance purchases.

“We believe the industry is on the cusp of adopting modern trading technologies at scale and Ecosystems like AdvantageGo will help accelerate this trend.”

About AdvantageGo

AdvantageGo helps insurance companies to look from an increasingly precarious future back to today. The difference is clarity. And profit. By bringing the future more efficiently and effectively into the present, we position insurers´ profits at the heart of their business – today, not tomorrow. Our pioneering platform and 25 years of experience mean AdvantageGo offers insurers the IT agility they need to create an intelligent digital strategy.

Learn more at www.advantagego.com

About Sapiens

Sapiens International Corporation (NASDAQ and TASE: SPNS) is a global leader in intelligent SaaS-based software solutions. With Sapiens’ robust platform, customer-driven partnerships, and rich ecosystem, insurers are empowered to future-proof their organisations with operational excellence in a rapidly changing marketplace. Our SaaS-based solutions help insurers harness the power of AI and advanced automation to support core solutions for property and casualty, workers’ compensation, and life insurance, including reinsurance, financial & compliance, data & analytics, digital, and decision management. Sapiens boasts a long-time global presence, serving over 600 customers in more than 30 countries with our innovative offerings. Recognised by industry experts and selected for the Microsoft Top 100 Partner program, Sapiens is committed to partnering with our customers for their entire transformation journey and is continuously innovating to ensure their success.    

For more information, please visit  https://sapiens.com

Media contact: David Benyon

[email protected]

About Tremor

Tremor is a venture-backed insurance technology firm where world class computer scientists, economists, market designers and industry practitioners are working together to build a modern risk transfer marketplace. Tremor’s platform incorporates intelligent market design, state-of-the-art auction technology and sophisticated optimization techniques to vastly improve how risk is transferred around the world.

For further information regarding Tremor and media inquiries, please contact: Suzan Jo

[email protected]