Stere operates a capacity trading platform and a library of Capacity APIs to improve connectivity between insurers, reinsurers, MGAs, brokers and embedded partners, enabling faster speed-to-market and scalability. Its capacity selection engine pairs human intuition with technology to cut carrier and reinsurer scouting time by at least 50% and to streamline post-placement steps. The company works with reinsurers to digitize processes and make capacity placement easier and faster. Stere has signed 50+ MGAs (representing more than $1.5 billion in annual premium) and has helped 20+ embedded insurance partners access capacity. It recently opened a Latin America regional office that closed deals with 15 organizations and secured $2 million in contracted revenue. The company plans to use new funding to expand its trading platform and continue building tech-driven solutions for capacity sourcing and embedded insurance partners. Stere operates a digital ecosystem that connects capacity seekers (MGAs, program administrators, embedded insurance platforms) with capacity providers (insurers and reinsurers) to streamline speed-to-market and capacity sourcing. The platform uses data analytics to create a vetted, smart underwriting pipeline and to help program leaders find optimal fits with capacity providers. Stere reports more than 40 MGAs on the platform representing $1.2 billion in annual premium and has closed three embedded insurance deals. The company says its tools accelerate launch times and improve profitability for MGAs and capacity providers. Stere plans to use recent funding to grow staff, enhance its analytics offerings, expand its MGA and embedded insurance footprint, and launch new APIs to improve integrations. The company was formed in 2021 and is based in New York.

Total raised

$7M

Funding rounds

2

Latest round

Seed

Latest activity

Sep 2022