Tremor launches Reinsurer Product Council with its first cohort of global reinsurers and ILS funds

Tremor Technologies, online reinsurance pricing and placing platform, is pleased to announce that the company has launched its Reinsurer Product Council with its first cohort of eight global reinsurance companies and ILS funds participating representing nearly $100B in industry capital.

Participating companies include a cross section of major US, Bermudian and European reinsurers as well as alternative capital providers.

Tremor is on a mission to create a transparent, price and cost efficient reinsurance marketplace that benefits everyone. Tremor allows reinsurers to express exactly what they would like to authorize and ensures through its market model and technology that they receive it – in a way that keeps detailed, individual preferences confidential. This allows Tremor to find optimal clearing prices for everyone at the same time – powered by data and transparency. This approach maximizes optimal trade for everyone.

Working directly with reinsurers as we continue to build features for the capacity side of our market is very important – not only to continue to educate them as to the benefits of authorizing capacity on the Tremor marketplace, but to ensure that they participate in the build process

Sean Bourgeois, Tremor CEO

The product council will meet quarterly as a group for a progress update on platform activity, a review of aggregate market data, feature development progress and to discuss the near and longer term product roadmap for the platform.

In addition, the council will have the opportunity to meet with Tremor’s product team and executive leadership between meetings on a direct basis to address specific ideas and opportunities.

by Nataly Kramer