ReinsurTech to help reinsurers compete
Thursday, 09 14 2017, Category: Technology, Country: World
Can ReinsurTech (reinsurance technology, the next buzzword after InsurTech) help reinsurers to compete with alternative capital providers and insurance-linked securities (ILS) funds, at a time when price competitiveness is key? The answer is yes, but not as much as reinsurers would like it to.
The InsurTech buzz is moving on to become ReinsurTech, although reinsurance companies have been leading the way in investing in digitalisation, start-ups and in partnering with potential disruptors in the risk and re/insurance space.