Analyze Re Pushes Actionable and Accessible Data To De-Risk Reinsurance
Reinsurance decision-making for risk pricing and portfolio optimization has traditionally relied on the ‘gut intuition’, relationships and experience of the underwriting team, with executive committees’ strategic objectives loosely guiding the scope of business. These enterprises can no longer afford to continue in this model, as they now operate in a low margin environment with significant competitive pressures from the entry of capital market players. While a lot of them have set up internal risk analytics practices, there is still an opportunity for them to harness newer big data and analytics technologies over traditional practices. Read More