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Technology Focus - ri3k key to December renewals for 8 leading reinsurance companies.
(From Reinsurance)
Reinsurance trading platform ri3k has announced that a group of eight major reinsurance companies will be using its technology for the treaty renewals that start on 31 December.
The companies include Ace Overseas General, Aviva, Talanx/HDI, Royal & SunAlliance, Brit, and Hiscox. Hannover Re, Partner Re and reinsurance broker Guy Carpenter have also been involved in the deal.
ri3k's platform permits the electronic delivery of the data required by brokers and insurance groups, allowing the better analysis of reinsurance assets as they look to the market for reinsurance protections. The company is aiming to reduce the amount of paper-based workflow and replace it with electronic data streams that let key reinsurance data reach the right reporting systems.
Bruno Meynhofer, chief executive of Partner Re Global, said: ...
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