Connecticut - based start - up has launched a programmatic risk placement marketplace , allowing trading of securities between buyers and sellers . The platform 's smart market technology will allocate fair and efficient market prices for reinsurance risks , with reinsurers benefiting from a more dynamic market with more efficient bidding and competitive pricing . The platform will fit into existing workflows with contracts and submission files submitted by buyers and cedents securely stored on the platform . Traders can set limits on exposure within the platform , bidding the quantities they intend to buy or sell .
Connecticut-based start-up has launched a programmatic risk placement marketplace, allowing trades of reinsurance between buyers and sellers. The platform's smart market technology will allocate fair and efficient market prices for reinsurance risks, with reinsurers benefiting from a more dynamic market with more efficient bidding and competitive pricing. The platform will fit into existing workflows with contracts and submission files prepared by brokers and cedents securely stored on the platform. Traders can set limits on exposure within the platform, bidding the quantities they wish to buy or sell.