January 3, 2023 – Years of soft market conditions followed by sudden and sharp hardening periods, tremendous losses from human-caused and natural catastrophes, and open-ended liabilities are putting intense pressure on reinsurers. These difficult conditions challenge reinsurers to adapt and generate creative solutions.

This Impact Report provides an overview of reinsurers’ business and technology issues, data about the marketplace, and several examples of recent technology investments by reinsurers. It draws from the expertise of Aite-Novarica Group’s staff, conversations with Aite-Novarica Group clients and Insurance Technology Research Council members, and a review of secondary published sources.

Clients of Aite-Novarica Group’s Life, Annuities, & Benefits and Property & Casualty services can download this report and the corresponding charts.

This report mentions American Agricultural Insurance Company, Aquarian Holdings, Avinew, Axis Re, Berkshire Hathaway, BMS Re, Compre, Corporate Solutions Life Reinsurance Company, Covéa, Cowbell Cyber, Dorinco Reinsurance Company, DXC, EMC Reinsurance Company, Equitable Financial Life Insurance Company, Equitable Holdings Inc., Everest Re, Exor NV, Greenlight Capital Re, Hannover Re, HDI Global SE, HDI Global Specialty SE, Microsoft, Mouro Capital, Munich Re, Odyssey Re (Fairfax Financial), Otonomi, Pallas Reinsurance Co. Ltd., PartnerRe, Phinsys, Pillar Capital Management Limited, Relay, Resilience, RGA, Root Insurance, SCOR, Shelter Reinsurance Company, SiriusPoint Ltd., Somerset Re, Swiss Re, Toa Reinsurance Company, Tremor, Validus Re (AIG), Vantage Group Holdings, Venerable Holdings Inc., Vesttoo, and Wilton Re U.S. Group.