Lockton Re partners with Tremor on modern pricing optimisation tech

Lockton Re, the reinsurance arm of broker Lockton, has partnered with Tremor Technologies to integrate and leverage modern pricing optimisation technology into its SAGE platform.

Lockton Re’s proprietary software platform allows insurers to better understand risk impacts with a comprehensive and transparent view of all possible risk transfer structuring options.

With the integration of Tremor, reinsurance buyers will also be able to programmatically trade risk on Lockton's SAGE platform.

Lockton Re plans to have Tremor’s pricing technology available to its clients in December.

Claude Yoder, head of analytics at Lockton Re, said: “Our partnership with Tremor enhances Lockton Re’s ability to deliver the best possible outcomes to our clients. We have a Born Digital ethos at Lockton Re that means we’re constantly exploring new ways to leverage our modern technology platform to create more flexibility and efficiency. By integrating Tremor’s pricing technology we can now offer access to programmatic trading.”

Sean Bourgeois, Tremor founder and CEO, added: “We’re excited to offer Lockton Re clients seamless access to Tremor’s advanced auction technology which delivers tangible benefits in speed and efficiency. Lockton Re and Tremor both understand how effective technology can transform the reinsurance industry. The sophistication and capability of Tremor’s technology is unique in the market. When integrated with a forward-looking brokerage, the combination is powerful.”