Web Connectivity Limited Launches Digital Treaty Placement Platform in Bermuda
Web Connectivity Limited (WCL), a Zywave company, announced in a press release the launch of its enhanced platform for Treaty risk placement in Bermuda. The platform, called enabledPlacing, consolidates treaty submissions from multiple brokers into a single standardized interface for underwriters, using ACORD standards.
The system went live with participation from Ark Bermuda, Vantage Risk, and Aon’s reinsurance business. It automates the ingestion of large modeling files and offers a consistent process for reinsurers, aiming to simplify access to and management of risk submissions.
The launch follows a pilot project that began in March 2025, involving additional participants such as Lockton Re and RenaissanceRe. WCL plans to onboard more brokers by early 2026 and will host a roundtable in Bermuda on November 5 to present the platform to the market.
According to WCL Managing Director James Willison, the initiative addresses the industry's need for a unified digital solution in the reinsurance market, supporting digital accounting, settlement, and claims solutions within a single workflow.
We hope you enjoyed this article.
Consider subscribing to one of our newsletters like Finance AI Weekly or Daily AI Brief.
Also, consider following us on social media:
More from: Finance
Subscribe to Finance AI Weekly
Weekly newsletter about AI in finance. Covers AI-driven trading, fintech innovations, and data analytics transforming markets
Whitepaper
Governing the Future: A Strategic Framework for AI Adoption in Financial Institutions
This whitepaper explores the transformative impact of artificial intelligence on the financial industry, focusing on the governance challenges and regulatory demands faced by banks. It provides a strategic framework for AI adoption, emphasizing the importance of a unified AI approach to streamline compliance and reduce operational costs. The document offers actionable insights and expert recommendations for banks with fewer than 2,000 employees to become leaders in compliant, customer-centric AI.
Read more