Hannover Re has opened access to its innovation platform for all interested parties.
Launched in 2019, hr | equarium connects insurance clients with InsurTech partners. The platform has been used on a regular basis by more than 700 clients of Hannover Re from over 100 countries. InsurTechs all over the world use the platform to offer currently more than 160 solutions from innovative areas such as cyber, telematics and parametrics, among others, the company said.
While insurers gain direct access to a pool of innovative services and solutions from InsurTechs around the world, the InsurTechs can market their solutions worldwide.
“Like a dating service for singles, hr | equarium acts as a go-between for insurers and InsurTechs and has established itself in this role as the leading innovation platform,” commented Claude Chèvre, the responsible member of Hannover Re’s executive board.
“As an international reinsurer, we see ourselves as an innovation catalyst, a partnership-based driving force for innovation,” said Chèvre. “With hr | equarium, we have been delivering real added value to the industry since 2019. I am delighted that we are now initiating the next phase of expansion by making the platform openly accessible. Going forward we will continue to evolve it and adjust it to the needs of InsurTechs and insurers.”
Hannover Re, with gross premium of more than €27 billion, is the third-largest reinsurer in the world. It transacts all lines of property/casualty and life & health reinsurance and is present on all continents with more than 3,000 staff. Established in 1966, the Hannover Re Group today has a network of more than 170 subsidiaries, branches and representative offices worldwide.