FBL Financial Group's P&C reinsurance program had grown and evolved over the years. Calculating reinsurance results and back-end reporting became increasingly complex and a time drain. This case study explains how FBL Financial Group streamlined P&C reinsurance with Duck Creek Reinsurance.
QBE is a global company with divisions operating in multiple currencies and separated processes around reinsurance. At a Group level, QBE has a ceded reinsurance program that can be operationally complex. Read this case study to learn how QBE centralised and modernised its reinsurance activities.
Motor MGAs are suffering as they battle high claims inflation and tougher reinsurance conditions. With more players expected to exit standard motor, this article discusses whether the market can navigate this tough terrain.
This infographic looks at how fragmented technology and processes are impacting reinsurance efficiencies and how a unified solution can not only reduce these losses but improve reinsurance effectiveness and even maximise returns.
Reinsurance is a vital function, empowering insurers to offer more coverage to more customers at a more competitive price. This white paper sheds light on why antiquated reinsurance management methods may be the biggest factor limiting insurers’ reinsurance program success and business performance.
This blog explores how antiquated reinsurance management systems and methods can significantly add to an insurer’s overall cost burden, while limiting their ability to receive more favourable terms from their reinsurers.
The top repetitive and mundane tasks that could be eradicated by switching to a modern reinsurance management solution
Various systems and processes that power reinsurance programs are becoming ill-equipped to handle the rigors of modern reinsurance management. This blog sheds light on the top repetitive and mundane tasks that could be eradicated by switching to a modern reinsurance management solution.
Reinsurance is a vital part of the insurance ecosystem, and yet the administration, calculation, and accounting processes between insurers and reinsurers are often siloed. This blog highlights three reasons why reinsurance management should be a top priority for insurers.
Sapiens ReinsurancePro automates the underwriting and administration of reinsurance, including treaty and facultative, ceded, assumed, and retroceded reinsurance. This case study highlights how a specialty insurer leveraged Sapiens ReinsurancePro to consolidate and streamline its processes.
The Bank of England has warned in its latest Stress Test that if no additional action is taken on climate change, then insurance could become unaffordable to some UK homes when Flood Re ends in 2039. This article investigates.