Jerad and Ben take us down the unfamiliar road of reinsurance technology and discuss the question of build, buy, or rent. Find out which is the better route for (re)insurance firms while learning about the pitfalls companies should try to avoid.
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
OUTLINE & TIMESTAMPS:
00:00 Intro
02:20 What Is Reinsurance
04:16 Reinsurance Enabling Insurance
06:32 Build Versus Buy
08:15 Pricing Accuracy Through Technology
09:14 Escaping Legacy Systems
11:50 Complexities of Mergers & Acquisitions
16:48 Building In-House Technology
19:15 Analogy Battle: Building Reinsurance Technology
24:04 The Software-as-a-Service (SaaS) Model
30:01 Sharing Tools within Reinsurance