Jointly PartnerRe and RemitRadar desire to capitalize on the strategic sector opportunity to adopt RemitRadar's online channels, social media channels and AI technologies to engage with new customers in existing and new markets and to develop digital insurance solutions for a selected group of insurance clients working with PartnerRe.
"PartnerRe and RemitRadar have entered into a joint effort to capitalise on RemitRadar's money transfer ecosystem, web presence, and social media channels, including AI and Deep Learning technologies, to develop digital insurance solutions. PartnerRe wlll be able to offer their customer base of more than 2800 insurance companies privileged access to a new and innovative distribution channel, while RemitRadar will be able to offer a range of insurance products and services to its money transfer organizations. The initial focus of the partnership is on Emerging Customers and Millennials in providing them efficient access to effective and value adding group and individual insurance solutions"
PartnerRe Ltd. operates as a global reinsurer, providing multi-line reinsurance to insurance companies on a worldwide basis. The company, through its subsidiaries offers capital markets products that include weather and credit protection to financial, industrial and service companies. The Corporate and Other segment is comprised of the capital markets and investment related activities of the company, including principal finance transactions, insurance-linked securities and strategic investments and its corporate activities, including other operating expenses.
New York Stock Exchange Index NYSE:PRE-I NYSE:PRE-F
Parent organization: Exor
For more information, visit http://partnerre.com.
RemitRadar is a financial technology forged out of two decades of critical exposure to the remittance industry. The team behind RemitRadar was a key driving force behind the development of person-to-person money transfers world wide, having grown it out of the Americas to what it is today.
The team's experience in this industry is second to none, having been responsible for the world-wide rollout and development of multiple Money Transfer Services. The team has also been instrumental in helping create the architecture that supports the industry. Our people have a solid and proven record in innovation, opening new markets and introducing disruptive technologies. RemitRadar specialises in providing complementary technologies to the remittance industry.