Skip to main content

Business case for reinsurance administration automation

Sponsored by ?

This resource was paid for by a contributing third party.

What are the risks and issues relating to reinsurance management? How do you raise management awareness and present the business case for implementing a modern digital solution for reinsurance management in your organisation?

Reinsurance is crucial for company success and when reinsurance digital solutions are implemented, companies can reap significant business benefits:

• Comprehensive information management.
• Prevent claim leakage.
• Optimise operational activities.
• Accounting support.

Reinsurance programs can be complex – consisting of various contract types, multiple layers and attachment points, and various terms and conditions. The sheer complexity of a reinsurance program creates great difficulty when trying to manage the company exposure and provide reliable information for operational reporting, decision making, MI and regulatory reports. Is the company entirely reliant upon a small group of individual experts for performing these crucial tasks?

A recent industry survey found that insurers initially thought they were successfully managing their programs, only to discover that, at best, they could not provide accurate snapshots and projections to senior management.

Read the whitepaper to discover the business case for implementing a reinsurance program.

Download the whitepaper

Register for free access to hundreds of resources.

Already registered? Sign in here.

 

Your alert preferences

More related resources

Telephony data is your secret weapon against fraud

Fraudsters today switch easily between web, mobile apps and contact centres, exploiting whichever route offers the least resistance to make bogus policy applications and claims. This content highlights how real-time phone-number intelligence gives insurers a decisive edge in detecting fraud.

Pricing transformation in MGAs

A recent Insurance Post survey, conducted in association with Optalitix, explored insurance pricing transformation approaches across the market. This content sheds light on the implications for MGAs and the importance of balancing technological innovation with underwriting discipline.

Pricing transformation in insurance: the underwriter perspective

Drawing on survey findings and insight from leading insurers, this report explores pricing modernisation through the underwriter's lens. It examines whether transformation efforts are delivering meaningful operational benefits – and what underwriters need from the next generation of pricing tools.

You need to sign in to use this feature. If you don’t have an Insurance Post account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here