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Introduction
ReConnect is a digital platform with a simple user-interface designed to facilitate global transactions in real time, between all stakeholders - brokers, reinsurers, foreign direct underwriters, cedants, managing agents, etc. - via a battery of best-in-class digital tools.
While brokers gain easy access to reinsurers across geographies for placement of all kinds of risks, reinsurers working on ReConnect platform gain an opportunity to review and write risks from different markets and strike win-win relationships with brokers across the world.
As a pioneer in the online reinsurance space, ReConnect offers a robust and secure platform, besides role-based access management, data exchange, reporting and integration of insurance companies to network with and expand their business associations anywhere in the world.
We look forward to presenting our online solutions and making insurance accessible to all in our endeavor to align the global capacity with global demand.
The ReConnect team has experienced resources drawn from the insurance, reinsurance and technology fields to offer all this and more to our registered business associates.
Advantages
There are numerous reasons for you to choose to transact business on the ReConnect platform.
Easy Access for All
ReConnect facilitates access to a wide variety of reinsurers, brokers, cedants, foreign direct underwriters, managing agents, etc., across product categories, geographies and financial ratings.
New Connections
While working on the ReConnect digital platform, you would be able to identify rare business opportunities in lesser known markets, where you were earlier constrained due to cost or limited local knowledge, and increase the success quotient of your enterprise.
Enhanced Placement Capabilities
Depending on the response to a risk posted on ReConnect, you are better positioned to gauge the market appetite, thus augmenting the possibility of successful placements.
Profitable Capital Utilisation
With greater access to business from different geographies, you have a wider variety of risks to choose from and optimise your capital outlay, thereby increasing the Return on Investment from your business.
Wider Spread of Risks
With more opportunities to write business from various geographies, you would be able to achieve a balanced spread of risk across geographies
Gain Time Efficiency
ReConnect gives you the access to instantly reach out to a large universe of insurance participants to market and place your risks.
Cost Optimization
Reinsurance calls for a sizeable budget for travel, marketing and other overheads in identifying suitable partners globally. At ReConnect's virtual platform, you can achieve the same objectives at a fraction of the cost.
Access Market Intelligence
ReConnect has the capability to output a whole gamut of standard and customised MIS Reports and live dashboards in real time that you can use for accessing market intelligence and actionable insights, as well as for formulating future strategies.