Launched in 2021, Supercede quickly established itself as the reinsurance platform of choice for cedents, brokers, and reinsurers keen to access the ‘reinsurance ecosystem’, by bringing together data, deals, and people.
The platform offers a radically better collaborative placement experience. Brokers gain from a better placement process; reinsurers have access to more risks and data; and cedents can enhance their submission quality across all non-life products and lines of business, with a seamless flow of single input, actuarial-grade data.
However, as Supercede’s user base has expanded worldwide, so has demand for a more intuitive, efficient, and value-added experience. This led Supercede’s team to develop Supercede 2.0, an upgraded, feature-rich new version of the platform designed to streamline deal-making and enhance the overall user experience.
“We built Supercede to tackle the intricacies of reinsurance for all involved counterparties [cedents, brokers, and reinsurance underwriters], which is something other placement platforms failed to really hone in on,” said Jerad Leigh, CEO. “Supercede 2.0 takes this to a new level. With multiple improvements, not only is the entire placement process more intuitive for current users, but new users can get quickly up to speed and begin effectively streamlining their activities, whether it’s data preparation, leveraging new business opportunities, or connecting with new partners.”
A significant update has been to make the platform fully mobile-ready. This enables users to take the entire placement process with them ‘on-the-go’, with secure access to the platform from any mobile device. This is particularly valuable as the market continues to adjust to a post-COVID-19 environment, where issues such as hybrid working are accelerating many businesses’ transition towards digitalisation.
A new Options Management feature has also been included that allows brokers to create multiple options with different structures within a single deal. This enables users to send multiple options for quoting to help determine the optimal structure for the cedent.
The new version also features an extensive ‘Help Hub’ that provides users with a guided tour of the platform, making the transition to conducting business through Supercede faster and easier with less disruption to users’ working practices.