#1 PLATFORM FOR
MGA/MGU & INSURTECHS
TO CONNECT WITH
CAPACITY PROVIDERS
Leading carriers, reinsurers, and R/I brokers use Stere P3 platform to onboard, assess and triage insurance programs. You can submit your program here to place your program with capacity providers and boost your speed-to-market.
Did you know? On average, carriers and reinsurers only work with ~1% of the programs they review. We increase those odds.
For Capacity Providers,
Program Brokers & Consultants
White-label P3 Platform
for your submission intake process and grow your portfolio
Join as a P3 Partner
Brokers & Consultants
P3 is the all-in-one platform for you to source, select and place Programs
Carriers
Access more quality programs through P3, and receive information that is easier to analyze
Reinsurers
Focus on the most relevant programs for you, speed up your analysis and grow your business
CARRIERS &FRONTING CARRIERS
PROGRAM BROKERS & CONSULTANTS
REINSURERS
MEET SOME OF OUR EARLY ADOPTERS
How It Works for Programs
1
SIGN UP
It's easy. All you need is a business email, your name and company / program name.
2
ONBOARD
Complete your program overview in less than 5 minutes and let Stere team share your "teaser" with relevant partners
3
ENGAGE
Once a partner has confirmed interest, complete your full application. They will review it and connect further to discuss your program
How It Works for Capacity Providers
Stere P3 helps you see more and better Program Applications, in a curated way.
We reduce the "noise" while giving you more exposure to new opportunities as well as better applications and data to make a decision.
A
REVIEW
Review programs directly on P3 platform or access our platform or send Program managers to your white-labeled P3 platform
B
DECIDE
Approve an initial program overview, which lets Program manager fill a more detailed standard profile, along with answering your questions if any
C
ENGAGE
As an intermediary,
help improve your program managers, and use Stere to introduce them to capacity providers and manage capacity negotiations
As a capacity provider,
assess the programs faster thanks to a more structured application, and work collaboratively, either through partner intermediaries or directly
Join P3 as a Partner
Stere is building an ecosystem of premium partners for MGA/MGU, Insurtech, Programs Administrators and Embedded Insurance partners.
To maintain the quality and engagement of our partners, each application goes through a thorough review and approval process, and annual membership dues apply.
Programs Use P3 to Secure a Better Outcome
The Stere Program Placement Platform ("P3" for short) dramatically increases an insurance program's odds of success with the right partners, and speeds up the capacity sourcing and review process.
We listen to our users and partners. Additional functionality is rapidly being added to further speed up and enhance the selection, matching, analysis and administration of programs.
Put Your Best Foot Forward
A majority of programs fail to secure capacity at the application stage. Both new and existing programs need to carefully articulate their business case and "story", and share all the supporting data in a preferred format for potential partners.
P3 was designed with program experts to ensure that your program submissions surpass the expectations of carriers, reinsurers, program brokers and consultants.
P3 removes a lot of the guesswork, equipping the MGA-MGUs, Insurtechs and Program Administrators and their expert partners with the right submission package.
Obtain Quicker Decisions
from Insurers & Reinsurers
It can take up to a year for a program to go to market, from the moment it started seeking capacity and working with carriers.
The process does not need to be hampered further by a lack of coordination or lengthy application review timelines due to missing or hard-to-analyze information.
Because program applications are digitized and standardized through their own P3 instances, capacity providers and intermediaries can review the submission faster, with a higher likelihood of success thanks to our algorithm supporting their analysis and filtering.
P3 platform also manages reminders and notifications for all involved, to ensure timely progress.
Access Top Program Brokers & Consultants
Forward-looking program brokers, administrators and consultants use a P3 instance to collaborate with MGA-MGUs on their application and submissions to Insurers & Reinsurers.
Stere offers a full suite of placement solutions with additional efficiencies for the placement of risk with carriers and reinsurers, which allows both intermediaries and capacity providers to support programs better.
FAQs
Why would I go through Stere P3?
-
For MGA/MGUs and Insurtechs: it will equip you with the best submission package, in a structured format that is easier to analyze by all carriers, reinsurers and R/I brokers. Increase their engagement and secure their backing faster.
-
For Capacity Providers: P3 equips you within minutes with a white-label platform that helps you grow and more efficiently manage your flow of program submissions and all related data and communications.
P3 couples the industry's best practices together with the best technology and design execution, for your joint success.
How much does using P3 cost?
There is no direct cost to MGA/MGU/PAs and Insurtechs for using P3, besides a minimal annual subscription fee to ensure quality & engagement.
P3 is compensated by capacity providers and/or brokers, through a fee on successful program placements. Carriers and reinsurers can also use P3 as a white-labelled program management platform which would require an additional SaaS license fee.
How does P3 work with program brokers, administrators & consultants?
In some cases, we equip Program Brokers, Administrators and Consultants with much improved technology, to help them intake and support more programs better and faster.
Is P3 a program exchange/marketplace?
We do not seek to commoditize the Program business, and do not believe that an "exchange" concept would work in this space. Instead, we focus on improving the workflow to create growth opportunities for capacity providers, to free time for everyone and to create a better and quicker program placement experience. Both capacity providers and seekers create more value this way for our entire industry.