A former Allianz executive Dogan Kaleli has launched a digital ecosystem for insurance programmes called Stere.

The offering is designed to address speed-to-market, capacity sourcing and other challenges faced by managing general agencies (MGAs), insurtechs and embedded insurance programmes.

Stere P3, the first available technology module, is designed to increase programme success rates by more than 25%. It also aims to reduce the carriers and reinsurers’ financial and time investment in programme scouting by a minimum of 50%.

MGA/MGUs, insurtechs, and embedded insurance programmes can use the module to source insurance capacity and access digital tools from different participants.

Stere CEO Dogan Kaleli said: “The launch of Stere equips programme owners with a superior selection engine, pairing human intuition with well-designed technology to increase success rates and speed-to-market, while creating growth opportunities for capacity providers.

“Stere’s programme placement platform, Stere P3, tackles the capacity sourcing challenges I experienced firsthand in my previous roles, and that the hardening market has now intensified.”

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NFP managing director and leader of MGA and MGU Tom Gillingham said: “Improving customer experience, launching new products, creating process efficiencies, and using data to enhance underwriting are key areas of focus for managed programmes.

“This has sparked the creation of a digital ecosystem to support MGA/MGUs, insurtechs and program managers, and we’re excited to be working with Stere to move the industry forward.”