eReinsure expands e-placing platform with Swiss Re tie-up

AmWINS-owned electronic placement platform eReinsure has launched automatic reinsurance options for carriers to manage facultative placements. eReinsure has integrated submit, quote and bind workflow for its clients that use...

...SwiftRe, Swiss Re's online placement channel, for automatically rated reinsurance capacity.

Igor Best-Devereux, CEO of eReinsure, said: “eReinsure is uniquely positioned to partner with reinsurers to offer access to automatically rated reinsurance products. Our technology platform enables carriers to manage transactions with multiple reinsurers and brokers efficiently and accurately.

"Reinsurance management can oversee fac buying, whether this process is decentralized or centralized and the audit trail and financial system interfaces provide additional benefits to premium processing and claims. Providing an integrated path to access automatically rated products offers another improvement in overall cost effectiveness.”

Chung-Shik Mangold, head of SwiftRe, P&C Solutions, Swiss Re, added: “Swiss Re has participated in this integration project to respond to clients who use eReinsure as their outwards control for reinsurance. Many of these carriers are also interested in the automation of underwriting and certificate delivery available from SwiftRe.

"For many years, Swiss Re has worked to reduce the frictional cost of reinsurance and this is a great example of joining capacity and technology to improve cost effectiveness and service for our clients.”