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Reinsurance spreadsheets 23/09/13
What are the disadvantages of manual processes?

Most of insurers still rely on spreadsheets to manage their reinsurance business. According to a 2011 survey of property and casualty insurers, 60 percent of partcipants were using spreadsheets, and 7 percent were using other manual methods. Surprisingly, 86% of companies with direct premiums over $1 billion did not have a reinsurance system in place!

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By Joseph Sebbag
Copyright © 2013 by A.M. Best Company, Inc. All Rights Reserved. Reprinted with Permission. www.ambest.com

Tags: WebXLreinsurance2013

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