Stripe Global Services Limited, a subsidiary of the Tawa plc group, and Alan Gray, Inc. (“AGI”) have entered into a distribution agreement to support the expanding sales of STRIPE in the US market.
AGI will act as distributor for Tawa and market, promote and sell STRIPE to prospective clients in the US.
STRIPE revolutionises the claims collection process by shortening the value chain, improving information flow and optimising cashflow. STRIPE is a secure internet based trading solution enabling (re) insurance companies to transact and process claims and other post placement movements directly to the (re)insurers. It significantly improves cash-flow though instantaneous notification to (re)insurers, eliminating backlogs and other inefficiencies associated with traditional claims collection processes.
Mike Ceppi, CEO of AGI, said that he is delighted with this opportunity to further strengthen AGI’s relationship with the Tawa group. He added “I’m very excited about STRIPE. This is a natural extension to our claims audit and reinsurance recovery services and expertise. The market response to-date has been excellent, and we look forward to rolling STRIPE out to a wider audience.”
Marvin Mohn, Tawa’s general counsel and head of US operations added: “We know Mike and his team have excellent connections in the US (re)insurance markets. STRIPE provides us with an opportunity to pull together our joint expertise and contacts.”
