Riskbook rebrands as Supercede; launches reinsurance trading platform
Insurtech Riskbook has rebranded as Supercede to launch a Lloyd’s-approved, data-centric global trading platform specifically created for the reinsurance sector.
The Supercede platform promises to give reinsurers a better placement experience with more risks and data, and enhance cedents' submission quality across all non-life products and lines of business with a seamless flow of single input, actuarial-grade data and analytics.
"Supercede is changing reinsurance for good," said Supercede president Ben Rose, who co-founded the company in 2019 with CEO Jerad Leigh, formerly of TigerRisk and Aon, and CTO Jezen Thomas. Rose previously worked in various roles at Aon and Lloyd's.
"Our global platform was created in collaboration with the reinsurance community, working hand-in-hand with cedents, brokers, and reinsurers, so we know that it addresses their issues and enables them to focus on opening doors and closing deals with a wider global network, using actuarial-grade, single entry reinsurance data,” he explained.
Leigh further added that “with a background in the business, we’ve seen first-hand how frustrating and time consuming some reinsurance processes can be.
"For instance, data submissions are a hugely complex and time-consuming process for cedents, while brokers spend too much time on compiling data rather than doing the deal, and reinsurers have to wait passively for ‘friendly brokers’ to bring them the best business."
Supercede secured £2 million funding last year to support the development of its Lloyd’s-recognised digital placement platform that it hopes will revolutionise the reinsurance placement process.
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