ADVANTAGEGO AND TREMOR ANNOUNCE STRATEGIC ALLIANCE
London, 23rd May 2023 – AdvantageGo, a leading commercial insurance and reinsurance software provider, part of Coforge, 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.”
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/en-us/
Coforge is a global digital services and solutions provider, that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. A focus on very select industries, a detailed understanding of the underlying processes of those industries, and partnerships with leading platforms provide us with a distinct perspective. Coforge leads with its product engineering approach and leverages Cloud, Data, Integration, and Automation technologies to transform client businesses into intelligent, high-growth enterprises. Coforge’s proprietary platforms power critical business processes across its core verticals. The firm has a presence in 21 countries with 25 delivery centers across nine countries.
Learn more at www.coforge.com
Media contact: David Benyon
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