28 April 2015 News

Guy Carp unveils placing platform

Guy Carpenter has unveiled two placement solutions for its new platform, GC Exchange, aimed at the reinsurance market and government and public entities.

One of the solutions, GC MarketPlace, aims to facilitate all reinsurance transactions in a “dynamic, consolidated view where all correspondence and submissions are organised in one place and in one format”.

According to the broker, the platform, which was launched in January, is the first platform of its kind and currently has over 2,500 reinsurance underwriters participating.

The other solution, GCReBID, targets government and public entities, allowing them to access a real time electronic auction placement platform.

“This supports our public sector specialty practice that focuses on solutions to relieve the financial burden of natural and man-made catastrophes on government entities and taxpayers,” said Britt Newhouse, chairman of Guy Carpenter and chair of the public sector specialty practice.

“It provides the auditable record keeping that so many governments require for transacting business with them.  At the same time, our solution helps to improve pricing in an efficient and transparent manner,” he added.

Alexander Moczarski, president and chief executive officer (CEO) of Guy Carpenter, said: “We continue to invest in advanced analytics and new technologies in order to deliver innovative solutions to our clients. Our strategy focuses on our ability to access markets and execute transactions based on the unique requirements of each client and our digital platform has been designed to accommodate multiple trading approaches.

“We understand the importance of data and the ability to harness and analyse information in real time and in a secure environment.  We developed our own proprietary platform in order to protect the integrity of our clients’ data. More digital solution sets will be announced over the coming months.”

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk