IQUW partner with Cenata to automate outward reinsurance programme
Cenata Limited are delighted to announce their partnership with Property, Commercial and Specialty (Re)insurer, IQUW, enabling the Lloyd’s syndicate to use Cenata’s outwards reinsurance management solution, Cenata SURE.
Cenata SURE is a leading full cycle outwards reinsurance management solution and the partnership will provide IQUW with the capability to process real-time premium and claims data from multiple inwards systems and, irrespective of the complexity of the reinsurance programme, the ability to analyse the data in real-time, ensuring IQUW can make fast, data-driven, accurate decisions for clients and brokers.
In the selection of Cenata SURE, IQUW, continue to demonstrate their strategy to utilise leading edge technology solutions to enhance their broker and client experience.
IQUW’s Group Chief Underwriting Officer, David Morris commented: “All outwards reinsurance programmes contain highly complex business processes, many of which can be automated to improve the speed and accuracy of decision making and subsequently the results for us and our customers. Partnering with Cenata SURE, provides IQUW with a fully integrated solution and enables us to monitor and optimise our reinsurance programme in real-time by providing us with compliant, accurate data analytics to enhance our decision making”.
Cenata’s Managing Director, Nick Freer, adds “As our first Lloyd’s syndicate client, IQUW is a significant milestone for us and we recognise the trust that IQUW have placed in Cenata and Cenata SURE.
Our pre-implementation analysis work with IQUW successfully confirmed their functional and strategic needs as an innovative Lloyd’s Syndicate. We now know Cenata sets a new standard of market expectation from outward reinsurance solutions and suppliers and our partnership will ensure IQUW delivers enhanced service standards for their clients and brokers”.
IQUW is a new Property, Commercial and Specialty insurance and reinsurance business, developing innovative ways to combine data, intelligent automation and human expertise to make smart decisions, fast.
IQUWs insurance and reinsurance products are distributed through Lloyd’s syndicate 1856 and provide insurance cover for Aviation, Crisis Management, Cyber, Cargo, Marine, Political Risk, Energy, Property, D&O, Financial institutions, Political Violence and Terror and War risks, plus Reinsurance for both Property Treaty International and specific to the US and Specialty Reinsurance.