Conversation at recent industry events have been heavily focused on issues such as persistent low rates, the abundance of alternative capital, and the natural catastrophe losses that were striking at that time. Alongside these themes lurked the shadow of InsurTech and the possible impact of technology advances in the primary Insurance market on Reinsurance purchasing requirements. The consensus is that these are challenging times for Reinsurers that call for the market to respond with innovation of their own.
Bringing these themes together, Dave Connors, Head of Product Innovation for synergy2, has produced a whitepaper “Innovation and Efficiency: Technological Solutions to Address Low Capital Return for Reinsurers” that examines how technology is both part of the cause of the current challenging landscape, but also a key part of the response.