Supercede offers a reinsurtech platform that automates data preparation and validation for reinsurance submissions, enabling cedents and brokers to collaborate efficiently and present accurate risk profiles. The platform addresses the inefficiencies of scattered data and manual processes, significantly reducing administrative time and improving data quality for better deal execution.
Funding
$22.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The reinsurance industry faces challenges with scattered data, clunky systems, and reliance on manual processes like email and spreadsheets, leading to inefficiencies in data preparation, validation, and collaboration. This results in wasted time, increased administrative burden, and potential inaccuracies in risk assessment.
Solution
Supercede offers a reinsurtech platform designed to streamline and automate reinsurance workflows, facilitating efficient, transparent, and connected reinsurance processes. The platform provides tools for cedents and brokers to prepare, validate, and cleanse data at scale, enabling deeper portfolio insights and automated creation of submission exhibits. Supercede also offers deal management capabilities, allowing users to track and manage outward reinsurance in a single workflow, explore multiple structure options, and maintain full audit trails. By integrating data management, validation, and collaboration tools, Supercede enhances data quality, improves deal flow, and reduces administrative overhead.
Target Audience
Supercede primarily targets cedents and brokers in the reinsurance industry seeking to streamline data preparation, improve collaboration, and enhance the accuracy of risk profiles.
Features
- Data import wizard for seamless integration of existing data sources.
- Automated data validation and cleansing to ensure data accuracy.
- Pack creation tool to automate the generation of outwards reinsurance submission exhibits, including premium estimates, rate changes, and loss runs.
- Deal management workflow for tracking and managing outward reinsurance, including options for real-time collaboration.
- Renewal templating to streamline the renewal of existing structures.
- API integration for seamless integration with existing systems.
- Reporting and analytics tools for portfolio consolidation and risk assessment.