Supercede | The Reinsurance Platform
Supercede | The Reinsurance Platform is a company.
Active
Updated: ·
Financial History
Total Raised
N/A
Valuation
N/A
Leadership Team
Key people at Supercede | The Reinsurance Platform.
Supercede | The Reinsurance Platform is a company.
Key people at Supercede | The Reinsurance Platform.
Key people at Supercede | The Reinsurance Platform.
Supercede is a London-based reinsurtech company that builds an AI-enabled, web-based e-trading and ecosystem platform specifically for reinsurance, facilitating any deal across the value chain for cedents, brokers, and reinsurers.[1][2][6] It automates data preparation, submission packs, deal management, and workflows, solving inefficiencies like manual tasks, data silos, and poor collaboration in a complex, spreadsheet-heavy industry.[3][4][5] The platform serves reinsurance buyers (cedents), brokers placing risks, and underwriters searching for matches, with over 140 companies onboard and nearly 50 risks placed to date; it raised $15M in Series A funding in 2023 from Alven, Mundi Ventures, and others to fuel expansion.[1][2][3]
Growth momentum is steady, driven by brokers adopting it to streamline "table-stakes" tasks and focus on deal quality, with expansions into client collaborations for data optimization and portfolio management.[3] Trusted by industry leaders, it emphasizes ISO 27001-certified security, vendor neutrality, and continuous innovation by former practitioners.[4][5][6]
Supercede was founded by industry veterans, including Co-Founder and President Ben Rose, who drew from their reinsurance careers to address "data armageddon"—manual copying between spreadsheets, lost emails, and repetitive admin.[3][5] Development began in 2019 with a suite of tools under continuous iteration; they started by running hackathons and testing events with industry associations to co-design scalable experiences.[5]
The idea emerged from recognizing reinsurance's outdated processes, leading to close collaborations with cedents' outwards teams, brokers, and underwriters for real-world validation and traction.[5] Early excitement from partners propelled growth, evolving into a full platform that automates complex tasks while preserving strategic "deal dance."[3][5] By launch, it gained broker adoption for workflow streamlining, setting the stage for broader ecosystem use.[1][3]
Supercede rides the reinsurtech wave digitizing a $600B+ market long reliant on emails and spreadsheets, amid rising catastrophe risks and capacity demands post-events like hurricanes.[3][5] Timing aligns with industry push for data accuracy and transparency, as brokers seek edges in competitive placements and cedents demand cost efficiency.[3]
Market forces like AI adoption in insurance, regulatory scrutiny on data handling, and broker consolidation favor platforms like Supercede that enhance outcomes without disrupting workflows.[2][4] It influences the ecosystem by setting standards for collaborative e-trading, onboarding leaders, and enabling smarter strategies—potentially accelerating reinsurtech maturity akin to capital markets platforms.[1][6]
Supercede is poised to dominate reinsurance digitization, expanding via Series A funds into team growth, AI enhancements, and global implementations amid steady client wins.[2][3] Trends like AI-driven risk analytics, real-time marketplaces, and portfolio optimization will shape it, especially as climate risks surge demand for precise data tools.[3][4]
Its influence may evolve into a de facto standard, fostering network effects with more risks placed and integrations, ultimately transforming "table-stakes" drudgery into strategic advantage for all stakeholders—delivering the superior outcomes its platform promises from day one.[1][6]
