Digital reinsurance platform Supercede has sequred $15 mn in a Series A funding round led by Alven, with participation from Mundi Ventures, Outward, Seedcamp, MMC Ventures, and AFG Partners.
London-based startup Supercede aims to streamline the reinsurance process.
Their platform offers digital tools for cedents, brokers, and reinsurers, enhancing data sharing and deal structuring. Currently, over 140 companies worldwide use Supercede’s platform.
By leveraging cutting-edge technology, Supercede strives to bring innovation and improved performance to the reinsurance industry.
Supercede CEO Jerad Leigh stated that securing funding demonstrates the platform’s transformative impact.
He underlined that the investment will help the company deliver exceptional value to clients and move closer to becoming the essential operating system for the global reinsurance market.
We are not just building a company; we are shaping the future of reinsurance
Jerad Leigh, CEO at Supercede
Margaux Gregoir, Principal at Alven Capital, highlighted Supercede’s growth due to its innovative approach and sector expertise.
She expressed confidence in their vision and commitment to supporting their journey to becoming a leader in reinsurance technology.
Supercede is a London-based startup focusing on reinsurance technology. The company aims to simplify and enhance the reinsurance process by providing advanced digital tools and platforms.
Their solutions help reinsurance professionals manage and streamline their operations more efficiently, reducing complexities and improving overall productivity.
Launched in 2019, Supercede aims to address inefficiencies in reinsurance data handling and deal-making. The platform automates the creation and validation of submission packs, allowing users to share accurate data directly with brokers, leading to better deal negotiations and risk presentations.
Supercede’s platform integrates various functions such as data validation, pack creation, and deal building. It provides a centralized system where cedents, brokers, and reinsurers can collaborate seamlessly.
The recent update, Supercede 2.0, introduced mobile readiness, enhancing usability and accessibility in a post-COVID-19 world where hybrid working models are more common. This update also improved workflow intuitiveness, allowing for better deal tracking and management
by Peter Sonner
