When it comes to innovation and utilization of emerging technologies in the insurance industry, reinsurance companies once led the way as early adopters of technology. But recently, the primary insurance sector has embraced all things insurtech, digital transformation and even blockchain. Reinsurers, meanwhile, have endured a prolonged soft market and increasing catastrophe losses. Nevertheless, to cope with a market-wide surplus of capacity and to boost profitability while adding value to clients and investors alike, reinsurers are once again focusing investments on technology and innovation.
For the full article, visit here.
21 Oct 2019