Greenlight Re Innovations (GRI) is the investment arm of Greenlight Re, provider of risk management products and services. Our new partnership builds on the strong synergy between GRI's leadership in the risk space, and Nimbla’s own innovative risktech software.
The partnership with GRI enhances Nimbla's ability to develop its existing offering: immediate quote and bind credit insurance at the single invoice level. It also enables Nimbla to diversify our product offering, and broadens the geographies in which we can support the underserved SME market during this challenging time.
Elizabeth Jenkin, Nimbla’s Chief Commercial Officer said:
“Nimbla has turned traditional trade credit insurance on its head with single invoice insurance; quote and bind in less than two minutes which significantly disrupts the traditional model. The partnership with Greenlight enables us to widen our reach geographically and build and distribute more complementary products, particularly during this challenging time for businesses.
We recently added the ability to insure against credit risks in mainland Europe, responding to the demand from our customers. We have also launched our new API which enables funders to make 'in the moment' credit wrapped decisions. This speed and agility are trademarks of Nimbla and our partnership with Greenlight enables us to continue to innovate and be market makers rather than followers.”
Simon Burton, Chief Executive Officer at Greenlight Re said:
“In the current challenging economic environment, trade credit insurance offers valuable protection to businesses. The traditional trade credit underwriting process is cumbersome and Nimbla’s technology has introduced a new level of pricing speed and accuracy to trade credit insurance.”
More about Greenlight Re
Established in 2004, Greenlight Re (www.greenlightre.ky) is a NASDAQ listed company with specialist property and casualty reinsurance companies based in the Cayman Islands and Ireland. With an emphasis on deriving superior returns from both sides of the balance sheet, Greenlight Re manages its assets according to a value-oriented equity-focused strategy that supports the goal of long-term growth in book value per share.