The marine insurance market is undergoing a significant shift as traditional processes meet modern technology. For many MGAs and Wholesalers, the binding business model—where firms manage specific books of business with full autonomy on behalf of carriers—has historically been slowed by manual workflows and fragmented data.

Fetra, an industry leader in marine insurance, is now live in production with a new digital platform powered by Stere. This move marks a fundamental change in how marine insurance is distributed and managed, providing a scalable blueprint for the industry.

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Accelerating the Quoting Lifecycle

In the traditional marine model, securing a quote often involved significant back-and-forth. By implementing Stere Platform, Fetra has transitioned to a 100% digital execution that reduces quoting times to just a few minutes.

This increased velocity is driven by two core components:

• Digital Risk Analysis: A specialized digital questionnaire (QAR) ensures data is captured accurately at the source.

• API-First Architecture: Stere’s platform acts as a modern infrastructure layer, allowing over 3,000 brokers in the Fetra network to access standardized quotes with high efficiency.

Autonomy Through Modern Infrastructure

Fetra’s "binding business" model requires the ability to act as a high-tech insurance hub. Rather than replacing existing systems, Stere’s Insurance PaaS (Platform-as-a-Service) operates as a middleware layer that provides the flexibility needed for sophisticated operations.

• The Capability: A comprehensive API Suite that integrates with major carriers like SOMPO and AKAD.

• The Benefit: The platform enables "Risk Appetite Matching," which aligns client needs with carrier capacity in real-time.

• The Outcome: Fetra has achieved the strategic freedom to run a high-volume book of business without the operational friction typically associated with legacy constraints.

A New Standard for Distribution

The collaboration demonstrates a clear path forward for the insurance ecosystem. While some organizations remain limited by older technology, industry leaders are adopting a "build once, distribute anywhere" strategy. By using Stere to orchestrate data and distribution, firms like Fetra can onboard partners and launch products in weeks rather than months, securing their position at the forefront of the market.

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About Stere

Stere is the Insurance PaaS (Platform-as-a-Service) designed to give insurers and MGAs the strategic freedom to innovate at speed. The platform serves as a modern middleware layer that co-exists with legacy systems, allowing companies to launch digital products in weeks and distribute them across any channel via a comprehensive API suite.

Built on a foundation of enterprise-grade security with SOCII and ISO 27001 certifications, Stere embeds AI across the insurance lifecycle—from automated submission intake to advanced underwriting workbenches. Whether powering a startup MGA or enabling a global carrier's embedded insurance strategy, Stere provides the technology to scale distribution and improve operational margins.