retender is an Insuretech supporting Insurers, Advice Licensees and Superannuation Funds with proprietary tools and reinsurance solutions for the sourcing of their life insurance risk.
With global market experience, an innovative business model and a passion to help the industry optimise risk, retender is focused on putting more money back into the pockets of consumers.
Over $5bn in premiums has been sourced through our unique model to date and we have been engaged by 3 of the largest 5 Industry Superannuation Funds as well as 6 of the largest 7 Insurers.
Our clients have typically brought us into their organisations when they were considering their:
Insurance or reinsurance strategies
Insurance or reinsurance tenders
Product redesign or proposition development
Data cleansing, standardising, validating, benchmarking or transformation
Use of reinsurance to support mergers and acquisitions
Reinsurance administration
Most recent client feedback in 2023:
The majority of the cost of insurance comes from the risk and yet we spend most of our time optimising the expense and profit components.
Traditional insurance buying can be riddled with conflicts of interest and suffer from inefficiencies and competition limitations. Traditional tenders are expensive, time intensive and in the last few years have led to sub-optimal price outcomes for consumers. There is a simpler, quicker and lower risk alternative.
When retender began, our target was to save consumers an additional $100 million through a different approach. To date we are on:
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Some other feedback from our clients about working with us…
We’d be more than happy to put you in touch with any of these clients for references
Please get in touch to find out how retender can help
