The reinvention of the reinsurance broker
Wednesday, 09 23 2015, Category: Insurance and Reinsurance, Country: World
The business model of reinsurance broking is evolving fast, with clients now demanding everything from the latest analytics software and risk modelling support to access to alternative risk transfer structures and alternative capital suppliers. Bermuda:Re+ILS examines this changing landscape and asks ‘where next?’ for brokers.
Aon Benfield is now a software provider,” Charles New, catastrophe analyst at Aon Benfield, told a London conference on cat modelling in June. In the same month, James Vickers, chairman of Willis Re International, told the 2015 IIS Global Insurance Forum at the United Nations that the reinsurance business is morphing to manage risk for capital suppliers.
Source: Bermuda Reinsurance Magazine