New reinsurance market entrant, Re, is rolling out VIPR Solutions to enhance the efficiency and transparency of insurance programmes amongst parties in the chain.
Karn Saroya, Re's CEO, said: “As we continue to grow rapidly in the reinsurance space, having a world-class partner like VIPR to support our protocol with secure and seamless data sharing and standardisation is essential. VIPR's best-in-class data platform will bolster our ability to back a diverse range of insurance companies and their programs, further enhancing the transparency and complexity of Re's protocol."
Paul Templar, VIPR CEO, added: “Re's groundbreaking approach to reinsurance is transforming the industry, bringing transparency and new capacity to insurers and MGAs through blockchain technology. We are delighted to join forces with Re and offer our data management expertise to support their innovative mission. Together, we'll ensure the right systems, processes and technology are in place, providing Re with a solid foundation for their protocol.”
Despite its recent entry into the market last year, Re already supports US$35m in gross written premiums across the US.
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