Tremor Technologies, the insurtech with a technology-based programmatic insurance and reinsurance risk transfer marketplace, has announced the launch of Tremor Sandbox™, a full-featured demo version of its software allowing reinsurance buyers and sellers to try out its platform.
Tremor Technologies believes that transparency is key in marketplace design and development, so is keen to make sure it’s simple for potential users to see exactly how its reinsurance marketplace works, what market rules are applied and so better prepare them for participating in live placements.
The Sandbox provides self-driven demos that step a user through the experience of a Tremor Panorama reinsurance placement, as either a cedent or a reinsurer.
It’s a a fully featured version of the live Tremor marketplace, meaning that interested parties can participate in mock transactions, as either a buyer or seller of reinsurance protection, trying out specific platform features and experiencing Tremor’s marketplace from both sides of the transaction.
“Market transparency is not just about accessing data such as price and volume, it also means that the rules that govern the market are clear and available to everyone,” Tremor explains.
Adding that, “On Tremor, process transparency means that there is no mystery in how authorizations are mapped to lines, what the cedent sees and does in its Panorama view, or how market data is made available after transactions are completed. Our self-driven demos allow the market to simulate a transaction forward and backward to see Tremor’s market rules in action.”
As a reinsurer, the Tremor Sandbox demo allows a user to authorise mock coverage and simulate a cedent who buys a full fill, so the final line can be seen.
It means reinsurers can test and get comfortable with Tremor’s authorisation tools, while cedents can put themselves into their reinsurers’ shoes.
As a cedent, you can manage a transaction from start to finish and experience Tremor’s Panorama interface for setting pricing of reinsurance or risk transfer placements.
It’s a good way to get comfortable with the powerful tools Tremor’s marketplace provides to cedents, while also allowing reinsurers to see how a cedent will manage the process if placing its reinsurance via Tremor.
“As Tremor continues to grow and innovate, it’s vitally important that we ensure full transparency for both sides of our marketplace. Allowing both sides of a reinsurance placement to experience what Tremor is (and isn’t) is important to us, we have spent a significant amount of time and resources to develop Tremor Sandbox™ as we continue to welcome more buyers and sellers to the platform this year. Stay tuned for further market engagement initiatives we have planned for 2022 and 2023!,” explained Sean Bourgeois, Tremor’s Founder & CEO.