Growth of Ceded Reinsurance Management System Spurs Move to Larger Space.
One insurance sector that’s strongly resisted digitalization until now is ceded reinsurance. But with a variety of software for reinsurance claims management increasingly available, that may be changing.
Managing catastrophe reinsurance claims is a big challenge for carriers. In particular, dealing with the “hours clause” can be baffling. But taking the best strategy can make a big difference in how much reinsurance you’ll collect.
In regards to reinsurance Solvency II of particular interest to cedents and should provide insurance companies with improved economic management.