distriBind Enters into Software License Agreement with Greenlight Re

Written at Oct 16, 2023 3:56:07 PM
by distriBind

distriBind is pleased to announce that Greenlight Reinsurance, Ltd. (“Greenlight Re”), a specialist property and casualty reinsurer based out of the Cayman Islands, has selected distriBind, the digital delegated authority data exchange, to  help it reduce manual processes and enhance its data visibility. 

distriBind is delighted to support Greenlight Re in its desire and drive to continue to scale its business.  distriBind was selected following a pre-sales cycle where distriBind was able to demonstrate its ease of processing, as well as its ability to provide extensive reporting and analytics.   

distriBind Head of Pre Sales, Charlie Rock said “This opportunity with Greenlight Re came about from a series of events and increased visibility for distriBind throughout 2023 in which we were able to prove and reinforce its business value. I am excited for this project to start.   We are looking forward to supporting Greenlight Re’s business with the objectives of reducing manual processes and enhancing automation and data visibility.”  

About distriBind – curing the insurance industry of its spreadsheet addiction 

distriBind was formed in 2018 by Dave Connors with the mission to eliminate bordereaux from Delegated Authority and cure the insurance industry of its spreadsheet addiction. Dave had worked in the Insurance Industry for many years and had first-hand experience of delegated authority reporting issues before moving into functional design and innovation roles for software vendors. In 2019 distriBind was awarded a grant from Innovate UK for its Machine Learning Premium Prediction algorithms, and was in the Lloyd’s Lab in 2021 under the Claims Stream.   

For more information, contact Kathryn Ellis kathryn.ellis@distribind.io.  

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Curing the insurance industry of its spreadsheet addiction