This week Jerad and Ben dive into the inefficiencies of the reinsurance market, the lack of technological modernisation compared with other industries, and the host of practitioner frustrations. We want to address the question: is the industry broken? This episode is analogy galore - we explain all manner of concepts with strange and wild comparisons.
CONNECT & SUPPORT:
Website: https://www.supercede.com
LinkedIn: https://www.linkedin.com/company/supercedehq
Twitter: https://twitter.com/SupercedeHQ
YouTube: https://www.youtube.com/channel/UCuzfykcesD0phGaCK7qB09Q
RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
Say Hello: cordy@supercede.com
OUTLINE & TIMESTAMPS:
(00:00) Intro
(00:55) “Reinsurance Is Broken”
(03:00) The Need to Modernise
(05:30) Practitioner Frustrations
(10:07) The Element of Customer Experience
(12:50) Technology & Automation to Support Reinsurance
(15:31) Improving the Speed of Reinsurance Purchasing
(19:20) Progress vs. the Status Quo
(23:06) The Blasé Nature of Reinsurance Costs
(25:32) Analogy Battle: Is the Reinsurance Industry Broken?
