Reinsurers can leverage a partnership with ELEMENT for enhanced risk management
Partnering with ELEMENT offers reinsurers numerous benefits. As a primary insurer, we bear the responsibility of conducting the initial risk selection and overseeing portfolio performance and business operations, while having the ability to execute risk selection and management, underwrite and monitor the business. Of course, all of this while being strongly aligned on risk sharing.
ELEMENT complements this by providing data insights and analytics for portfolio optimization, business steering, and risk monitoring. ELEMENT’s innovative approaches facilitate better risk assessment and distribution, opening new avenues for growth by identifying and tapping into emerging markets and niches. By partnering with ELEMENT, reinsurers can optimize their risk management strategies and capitalize on new opportunities for growth and stability.
Why ELEMENT
Pan-European Capacity & International Approach
MGAs have access to EU-wide insurance capacity via Freedom of Service (FoS) legislation, which enables the cross-border provision of services with one license only.
ELEMENT’s partners do not need to navigate across multiple national entities and approval processes. By dealing with ELEMENT as a licensed counterpart, they can launch their insurance solution in multiple European markets simultaneously.
Compliant Sustainable Primary Insurer
Reliability is prioritized in every facet of our collaborations. Our success is underscored by a diversified portfolio, reflecting a thoughtful and adaptable strategy. Over the past years, ELEMENT has experienced steady and sustainable growth and our seasoned management team – comprised of industry experts and visionaries – plays a key role in steering our course toward continued success, fostering a culture of innovation, reliability, and enduring partnerships.
Fast time-to-market
The technological expertise, optimised processes, agility, and fast decision-making capabilities of insurtech companies like ELEMENT enable them to move swiftly without compromising on reliability.
At ELEMENT, we prioritise delivering results in weeks – rather than months or years. We adjust our speed according to our partners’ needs and preferences, and our dedicated partner onboarding and account management teams team ensures a customized and tailored experience that aligns with our partners’ goals and objectives.
Neutral Partner
In adherence to our core principles, ELEMENT upholds a non-compete ethos, emphasising ethical and transparent collaboration. We prioritise the integrity of our partnerships, affirming that we do not engage in the distribution of products developed by our partners.
Entrepreneurial Mindset with an Ambition for Growth
ELEMENT boasts a team driven by an entrepreneurial mindset, fuelled by an unwavering ambition for growth. Our dedicated professionals are committed to innovative thinking and seizing opportunities to propel our organisation and our partners forward. With a focus on adaptability and forward-looking strategies, we embody a culture that thrives on ambitious goals and continuous advancement.
Reliable Technology: Data-driven Insights
As a technology-driven insurance company, ELEMENT combines the best of the worlds of technology and insurance. We think in data when working with our partners to find the best risk transfer solutions.
Powered by our tech stack, we can help our partners manage and optimise their portfolio, driven by lean and transparent data exchange models.