PartnerRe cooperates with fintech firm RemitRadar

Bermuda-based PartnerRe said on Sept. 21 that it entered into a joint strategic cooperation agreement with fintech firm RemitRadar.

PartnerRe wants to adopt RemitRadar's online channels, social media channels and AI technologies to engage with new customers in existing and new markets and to develop digital insurance solutions for a selected group of insurance clients working with PartnerRe.

PartnerRe and RemitRadar have entered into a joint effort to capitalise on RemitRadar's money transfer ecosystem, web presence, and social media channels, including AI and Deep Learning technologies, to develop digital insurance solutions, according to the press release.

PartnerRe will be able to offer their customer base of more than 2,800 insurance companies privileged access to a new and innovative distribution channel, while RemitRadar will be able to offer a range of insurance products and services to its money transfer organizations. The initial focus of the partnership is on emerging customers and Millennials in providing them efficient access to effective and value adding group and individual insurance solutions.

Denis Kochubey, CEO and co-founder of RemitRadar, said: "Building last longing partnership with industry-leading corporations and companies worldwide, connecting them to our modern FinTech and InsurTech technologies makes the huge impact for those who need help the most - emerging consumers and economies."

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