Bifrost
The most transparent, robust and efficient (cost and time) way for insurers and reinsurers to trade risk
In reinsurance, the very complex risk syndication problem hasn’t evolved for the past 20 years. This costs insurers and reinsurers dozens of billions of dollars in brokers fees, inefficiencies and non-optimal pricing every year.
To solve this problem, Bifrost is building a digital marketplace that relies on leading market-efficiency technology through AI algorithms. It delivers optimal pricing and risk syndication for every transaction, 10x quicker, and at a fraction of the cost.
They are building pilots with some of the largest French domestic insurers, to make their first risks placement in 2021.