Report

Business and Technology Trends, 2022: Reinsurance

Reinsurers see data analysis as core to their business and require stable and robust systems to support it.  
/

February 9, 2022 –The reinsurance business faces multiple challenges. Years of soft market conditions followed by sudden and sharp hardening periods, tremendous losses from man-made and natural catastrophes, and open-ended liabilities (e.g., asbestos, terrorism) are putting intense pressure on reinsurers. These difficult conditions challenge reinsurers to adapt and come up with creative solutions. Reinsurers control their risk through sophisticated risk analysis, careful pricing, setting terms and conditions, and capital management—including retrocessions, whenever needed.

This Impact Report provides an overview of reinsurers’ business and technology issues, data about the marketplace, and examples of recent technology investments made by reinsurers. This report is part of a series on key business and technology trends in specific lines of business in the U.S. insurance industry, and draws from conversations with Aite-Novarica Group clients and Insurance Technology Research Council members, as well as secondary published sources.

This 31-page Impact Report contains one figure and two tables. Clients of Aite-Novarica Group’s Life, Annuities, & Benefits or Property & Casualty service can download this report and the corresponding charts.

This report mentions Acrisure Re, Allianz Life, American Equity Investment Life Holding Co., AmTrust, Aon plc, Arrowpoint Capital Corp., Arthur J. Gallagher, Berkshire Hathaway, BMS Re, Brookfield Re, CATEX Global Exchange, Corporate Solutions Life Reinsurance Company, Covea, CyberCube, Dorinco Reinsurance Company, Ebix, Equitable Holdings Inc., eReinsure, Everest Re, EXOR NV, Granular Insurance, Hannover Re, HDI Global SE, HDI Global Specialty SE, Kovrr, Lockton Re, Loop, Markel Corporation, Microsoft, Mouro Capital, MS&AD Ventures, Munich Re, Munich Re Markets, Mutual of Omaha, Neptune Flood, Odyssey Reinsurance Group, Pallas Reinsurance Co. Ltd., PartnerRe, Phinsys, Pillar Capital Management Limited, Policy Claim Management International Corporation, Praedicat, Relay, RenaissanceRe, Resolution Life, RGAX, Root, Sapiens, SCOR, SiriusPoint Ltd., Sixth Street, Swiss Re, Swiss Re Corporate Solutions, Talcott Resolution Life Insurance Company, TCS, Third Point Re, Toa Reinsurance Company, Tremor Technologies Inc., Venerable Holdings Inc., Vesttoo, Willis Re, Wilton Re U.S. Group, and W.R. Berkley.

Related Content

Identity Beyond the Feature: Strategic Investments for Financial Services

Modern identity solutions have become uniquely positioned to reduce cyber risk and transform financial services.

Trends in Fraud for 2024 and Beyond

The past year and a half witnessed a significant rise in the quantity and types of fraud activities that FIs manage, and these trends will likely continue throughout 2024.

Trends in Fraud for 2024 and Beyond (JP)

2022年から23年にかけては、金融機関に対する不正行為の回数とともに新たな攻撃パターンが大幅に増加した。この傾向は2024年も同様だと思われる。

Get Summary Report

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.