Company Research Report: Supercede Technology Ltd.
Company Overview
Name
Supercede Technology Ltd.
Mission of the Company
Revolutionize reinsurance data management and improve transparency, efficiency, and collaboration throughout the reinsurance value chain.
Founded
Supercede Technology Ltd. was founded in 2019.
Founders
- Jerad Leigh: Co-Founder & Chief Executive Officer
- Ben Rose: Co-Founder & President
- Jezen Thomas: Co-Founder & Chief Technology Officer
Key People
- Jerad Leigh: Co-Founder & Chief Executive Officer
- Ben Rose: Co-Founder & President
- Jezen Thomas: Co-Founder & Chief Technology Officer
- Tom Spier: Head of Commercial
- Jess McCausland: Head of Client Success
- George Smith: Head of Product
- Livvie Sandells: Business Development Manager
- Paul Gadsby: Consultant
- Jaeton Cary: Head of Business Development, North America
- Annie Schwach: Client Success Manager
Headquarters
Registered Office: 1 Adamson Drive, Telford, TF4 3UJ, UK
Number of Employees
No information is available.
Revenue
No information is available.
What the Company is Known For
Supercede is known for its innovative reinsurtech platform that streamlines data preparation, automates submission packs, and enhances collaboration among cedents, brokers, and reinsurers. The platform is recognized for improving data quality and reinsurance deal efficiency.
Products
Products Offered
Packs
- Description: Tool for preparing, validating, and cleansing reinsurance data at significant speed.
- Key Features:
- Automate creation of outwards reinsurance submission exhibits.
- Share submission exhibits selectively with reinsurers.
- Deeper portfolio insights from underlying data.
Deals
- Description: Tool for tracking and managing outwards reinsurance in a single workflow.
- Key Features:
- Real-time collaboration options.
- Extraction of deal data into core systems.
- Renewal of existing structures and exploration of multiple structure options.
- Full audit trails and activity logs.
Recent Developments
Recent Developments in the Company
- Supercede and Lockton Re signed a long-term agreement to redefine data quality.
- Ascot Group chose Supercede as their reinsurance software after a successful pilot scheme.
- The Hollard Insurance Group became the first African cedent to revolutionize data preparation through Supercede.
- Generali Group adopted Supercede as their reinsurance technology provider following a successful trial in the UK.
New Products Launched
No information is available.
New Features Added to Existing Products
No information is available.
New Partnerships
- Hiscox: Hiscox partnered with Supercede for all outward reinsurance.
- Hyperexponential: Partnership aimed at speeding up reinsurance transactions.
- Lockton Re: Long-term agreement to improve data submission processes and enhance data quality.
Client Testimonials
- Guy Van Hecke, Head of Ceded Reinsurance, AXA XL: "The platform has been incredibly helpful for improving data quality, enabling us to more acutely assess risk through transparency and analytics."
- Elaine Harker, Head of Reinsurance, Hollard: "Supercede has given us a new superpower, to have all of our data in one consistent, easily accessible format."
- Jamie Morris, Managing Director, Head of Global Ceded Reinsurance, Markel: "The Analytics platform will allow us to prepare our larger submissions in weeks and not months."
- Matthew Tibbs, Reinsurance Manager, Hiscox: "The integration of Supercede’s reinsurance platform into our internal systems will add multiple efficiencies to our processes."
- Claude Yoder, Global Head of Analytics, Lockton Re: "By integrating Supercede's automation technology, we can work more efficiently and provide unmatched service quality to our clients."
Press Releases
- October 17, 2023: Supercede and Lockton Re sign a long-term agreement to redefine data quality.
- October 6, 2023: Supercede report reveals a 10% hike in premiums due to "untrustworthy" data.
- April 18, 2023: The Hollard Insurance Group becomes the first African cedent to adopt Supercede.
- March 7, 2023: Ascot Group partners with Supercede following a successful pilot.
Conclusion
Supercede Technology Ltd. continues to be a leader in the reinsurtech space, fostering innovative solutions that address long-standing inefficiencies within the reinsurance industry through enhanced data quality and collaboration.
