Chartered Institute of Insurance Panel Discussion: Reinsurtech in 2023

In this Insurance Institute of London reinsurance webinar, an expert panel navigates new technologies that have emerged in response to the market’s need for reinsurance-specific technology, including specific solutions for risk modelling, outwards data preparation and deal administration, accounting and settlement. Free resource showing key insights & highlights from the panel discussion here: Download PDF MODERATOR Catrin Shi: Award-winning (re)insurance industry journalist and Editor in Chief of Insider Publishing Group, moderates an expert panel of reinsurance technologists. PANELISTS Colette Karakashian: Director of Product Management for Verisk Extreme Event Solutions (formerly AIR), shares views from more than a decade at the cutting edge of catastrophe modelling and highlights how Next Generation Models (NGM) will transform the way we understand risk in 2023 and beyond. Jerad Leigh: Co-Founder & CEO of Supercede, draws on more than a decade of reinsurance broking, consulting and systems development experience to explain how new software can help cedents and brokers to save months of work by automating away outwards data preparation and manual deal administration; Julien Victor: Managing Director, Reinsurance for Duck Creek (formerly Prima XL), reflects on twenty years of developing (re)insurance software to consider whether technology devoted specifically to reinsurance now has enough supply (and demand) to merit the emergence of a ReinsurTech category. OUTLINE & TIMESTAMPS: (00:00) Panellist Introductions (02:54) What Is Reinsurtech? (09:52) Use Cases of Reinsurtech  (14:19) Issues With In-House Reinsurance Solutions (17:59) Who's Responsible for Driving Industry Standards? (20:25) Applicability of Blockchain Technology (24:08) Where Are the Full-Stack Reinsurance Carriers? (27:42) Reinsurtech Today Vs. Reinsurtech in 10 Years (33:13) Problems With Spreadsheets: Scalability & Analytics  (36:40) How SaaS Changes Reinsurance Software Purchasing (40:05) Reinsurtech and the Cyber Reinsurance Capacity Gap (43:15) Examples of Unnecessary Manual Work in Reinsurance (47:06) Reinsurtech’s Impact on Reinsurance Claims Management (48:05) Final Takeaways