UK-based fintech RemitRadar and global reinsurer PartnerRe announced on Thursday they have entered into a joint strategic cooperation agreement. The companies revealed:
“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 2,800 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.”
Denis Kochubey, CEO and Co-founder, RemitRadar added:
“Building last longing partnership with industry-leading corporations and companies worldwide, connecting them to our modern fintech and insurtech technologies makes the huge impact for those who need help the most – emerging consumers and economies.”
PartnerRe provides 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. RemitRadar claims its team has been responsible for the worldwide rollout and development of multiple Money Transfer Services.