Howden, Mosaic integrate technology platforms
HowdenCAP, a division of worldwide insurance coverage dealer Howden, and specialty service Mosaic have partnered to launch an integration of their know-how platforms that goals to drive effectivity and velocity of danger placement within the structured credit score insurance coverage market.
The launch represents the primary direct insurer-broker utility programming interface (API) within the sector, the businesses stated. By means of the API, HowdenCAP’s Tepfin X structured credit score insurance coverage placement program connects with Mosaic’s insurtech platform by way of the service’s API Gateway, enabling structured knowledge to be simply exchanged and processed for submissions consumption and triage. The partnership will permit purchasers and their brokers to acquire gives and execute enterprise from throughout the structured credit score market.
“That is a particularly thrilling growth within the Tepfin X journey, and we’re delighted to attain this important milestone with Mosaic,” stated Oliver Bowes, govt director of HowdenCAP – International Credit score Options. “It is rather obvious that the structured credit score market is changing into severely fragmented, creating large inefficiencies for insurers. APIs are a key software to negate this challenge, and this is step one for us in creating an end-to-end ecosystem that shall be of nice profit to our purchasers in the long term. Now we’re API-proven, we’re taking this chance to ask all insurers and purchasers – and brokers – to return and combine with Tepfin X. We’re prepared.”
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Tepfin X connects outwardly to any API-ready structured credit score broking, consumer or insurer system. Mosaic’s API Gateway is built-in with a number of knowledge augmentation and danger analysis providers, and can be utilized by any brokers, reinsurers and different companions with whom Mosaic works.
“Freed from any tech legacy, Mosaic’s digital working mannequin is constructed to drive frictionless knowledge alternate with our companions, and our API Gateway is its key constructing block,” stated Abhijeet Kuray, chief know-how officer at Mosaic. “We’re very pleased to be a part of this groundbreaking market growth with Howden. Its Tepfin X platform has a well-designed API layer that integrates with our API Gateway to create seamless switch of buying and selling and placement data. We count on this to convey important efficiencies and enhance velocity of processing dangers.”
“Our digital design philosophy is predicated round a need to create options tailored to the intricacies of every line of enterprise, underpinned by a standardized knowledge mannequin,” stated Paul Hillier, managing director of Howden’s xTrade platform. “As we proceed to create extremely environment friendly connections that improve the services we offer, this launch is a crucial first step in attaining our ambition to be the only but most superior dealer with whom to work.”
