A communications platform called fuse has been launched for the global commercial insurance and reinsurance industry.

Fuse promises retail, wholesale and reinsurance brokers, insureds, insurers and reinsurers a web-based platform to connect and speed re/insurance transactions to placement. Available 24/7, fuse aims to reduce the time from submission to placement.

The company behind the platform was founded by Sean Bourgeois, who was also the founder of Tremor, the online reinsurance marketplace.

Users have the ability to work through multiple transactions with multiple parties in real time on a single monitor screen. They can discuss, clarify, negotiate and finalize a number of placements at the same time.

For example, a broker with 10 active placements can have 10 messaging windows open on the same screen organized thematically so that the broker, insured and underwriters can interact live and in real time, where everything is logged and tracked in one place, explained Bourgeois in an emailed statement.

Bourgeois said a modern commercial re/insurance communications platform has “the potential to revolutionize how the market meets, negotiates and transacts.”

“Precious hours and days are lost trying to keep track of and answer disparate unsecure emails and texts as commercial insurance transactions move through negotiation to close,” Bourgeois stated.

He said fuse is inspired by technologies commonly used in the capital markets that connect buyers, brokers and sellers. In the capital markets, advanced inter-company communication services exist to connect the market to accelerate trade and improve compliance. Fuse is bringing the same modern messaging tech to commercial re/insurance.

Fuse is available as a desktop web application and is also fully smartphone compliant.

The fuse application is available in public beta. Those interested in testing the beta application can sign up directly on the fuse website.

Source: fuse