ProSight Global, Inc. (“ProSight”), a domestic specialty insurance holding company, today announced their agreement with Cenata Limited (“Cenata”), a leading insurtech software provider, to use Cenata’s uniquely capable outwards reinsurance solution, Cenata SURE.
Cenata SURE is a full cycle outwards reinsurance management solution, able to take and process real time premium and claims data from multiple inwards systems to provide real-time analysis irrespective of the complexity of a reinsurance program. Cenata SURE caters for all forms of reinsurance contracts, and as a true cloud deployment, has unlimited performance capability regardless of data volumes, and complexity of company structure. With Outwards Reinsurance data touching every part of the business, Cenata SURE will be the cornerstone of a fully integrated ProSight technology eco-system.
“We identified Ceded Reinsurance as a ‘process critical’ part of our business data flow, and having undertaken a detailed review of comparable offerings, Cenata SURE provides all of the business functionality identified for both our current and future needs. The granularity of the data will provide our business with unparalleled analytical insights into our Reinsurance purchasing, provide incredible value to our Reinsurance partners, and be an intricate component of our future strategy. Equally important is that it is built on a truly modern SaaS Cloud stack and compliments our technology roadmap, which when combined with the comprehensive functionality will deliver the necessary competitive commercial edge ProSight desires. The Cenata team is exceptional, which was a significant selection decision driver. They (Cenata) have successfully delivered every implementation they have worked on and have unparalleled knowledge of the ceded reinsurance sector. We have every confidence in them and enjoy working with them as they are true partners”, comments Mike Sciole, Chief Operating Officer at ProSight.
Cenata’s Managing Director, Nick Freer, adds “We are extremely excited to be working with ProSight. We respect and admire their passion as innovators and visionaries for the insurance industry. Their vision for how technology can deliver a commercial competitive edge seamlessly aligns itself with our goals for Cenata SURE. ProSight wants to set a pace that their competitors cannot sustain, and we are 100% supportive of that strategy.”