ProSight was recently acquired by TowerBrook Capital Partners and Further Global Capital Management. Credit: Nappiness from Pixabay.

Speciality insurer ProSight Global has teamed up with Cenata, an insurtech software provider, to use its reinsurance solution, Cenata SURE.

Cenata SURE is a full-cycle outwards reinsurance management solution that takes and processes premium and claims data from the inwards system to provide analysis of the reinsurance programmes.

ProSight noted that Cenata SURE will be the foundation of its fully integrated technology eco-system as reinsurance data impacts every part of the business.

Additionally, Cenata SURE is built on a SaaS Cloud stack which compliments ProSight’s technology roadmap, the insurer added.

ProSight chief operating officer Mike Sciole said: “The granularity of the data will provide our business with unparalleled analytical insights into our Reinsurance purchasing, provide incredible value to our Reinsurance partners, and be an intricate component of our future strategy.

“They (Cenata) have successfully delivered every implementation they have worked on and have unparalleled knowledge of the ceded reinsurance sector.”

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Cenata managing director Nick Freer said: “We are extremely excited to be working with ProSight. We respect and admire their passion as innovators and visionaries for the insurance industry. Their vision for how technology can deliver a commercial competitive edge seamlessly aligns itself with our goals for Cenata SURE. ProSight wants to set a pace that their competitors cannot sustain, and we are 100% supportive of that strategy.”

ProSight was recently acquired by investment management firm TowerBrook Capital Partners and private equity firm Further Global Capital Management in a deal valued at $586m.