Trace and Supercede both provide flexible and scalable solutions to support reinsurance brokers.u00a0 Supercede Placements, which enables brokers to manage and streamline the reinsurance placementu00a0 process with its free e-placement platform, has integrated with Traceu2019s OpenTWINS technology, tou00a0 seamlessly connect with brokersu2019 back-offices, from placement integration, to settlement and beyond.u00a0
Ben Rose, Co-founder and President of Supercede, said: u201cTrace has a long, successful record of buildingu00a0 innovative business-critical software, and is a trusted partner to reinsurance brokers, worldwide. Ouru00a0 partnership is a perfect fit, as connecting with broker systems is an essential part of Supercedeu2019s vision.u00a0u00a0
u201cBuilding this connectivity with OpenTWINS is ideal as it is already the preferred solution for many of theu00a0 worldu2019s largest reinsurance brokers. Together we now provide a seamless reinsurance placement and back office solution out of the box, delivering huge efficiencies and cost-savings for brokers. Further, OpenTWINSu00a0 captures a lot of valuable data that brokers need during the busiest times of the year.u201du00a0
Simon Howden, CEO of Trace, said: u201cSupercede is an exciting InsurTech, committed to radicallyu00a0 improving the reinsurance placement experience. It means that our global broker clients can adopt au00a0 best-in-class placement platform from their desktop with the confidence that it will seamlessly connectu00a0 to our market-leading solution.u00a0
u201cWhen we first met Supercede, we immediately saw the benefits of their placement platform. It wasu00a0 easy and efficient to get the APIs up and running and our integration to Supercede is now a standardu00a0 part of the OpenTWINS offering for all our customers.u201du00a0
Connecting Supercede placements and Traceu2019s OpenTWINS with a REST API enables brokers to enteru00a0 data only once, which can then be replicated between systems, thereby eliminating the need to re-keyu00a0 data multiple times. This interconnectivity greatly improves the efficiency and accuracy of critical data entry and overcomes a significant source of frustration and cost-inefficiencies for brokers.u00a0
As the largest global network of reinsurance professionals, Supercede represents over 90 reinsuranceu00a0 broking and underwriting firms, worldwide. The Supercede placement platform works across all non life products and lines of business and provides a seamless flow of actuarial-grade data which can alsou00a0 be connected to underwriter systems via APIs.u00a0
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