Rick Huckstep @ InsurTech
Analyze Re – applying Cap Mkts tech to bring reinsurance underwriting into the 21st century
The $500bn reinsurance industry provides insurance for the insurers. In this market it is all about premiums and risk and the relationship between them, defined as the loss ratio. Like primary insurance, reinsurance is a mechanism for spreading risk. Reinsurers takes some portion of the risk assumed by the primary insurer in return for a premium.
However, here the similarities end. Where reinsurance differs from primary insurance is that each policy or contract is individually priced. Each contract is unique and there is no place for the law of big numbers or the pooling of shared risk. There is no average price in reinsurance.
About the Author
Rick Huckstep
ChairmanRick is a thought leader within the global InsurTech startup community. As an investor, adviser and mentor, Rick publishes many thought leadership pieces on InsurTech with The Digital Insurer and is also the Chairman of The Digital Insurer providing input and advice on the development of the business.
Other articles
An invitation, and offer, to invest in people to help them and their insurers take full advantage of technology in this digital age
I am asking for 5 minutes of your time to read this article so you can consider how to help your teams take full advantage of the opportunities technology brings to the insurance ...
Investment in talent is the biggest digital transformation opportunity
As a gut feel, and from experience, most of us would probably agree that digital transformations can deliver results. We also know that it’s people that make the difference ...
TDI Academy: Insurance Learning for the Digital Age
Download the TDI Academy Brochure “I sincerely recommend the ADI programme for all those who would like to keep up with the times” L&D Director, Asia Learning & ...
On-Demand Learning & Development in Digital Insurance has Arrived – The Certificate in Digital insurance
Welcome to the future of learning & development in digital insurance. In 2020, back on the heels of the successful launch of TDI’s virtual mini-MBA programme in digital ...
TDI Point of View: Lack of digital culture now an existential risk for insurers – virtual L&D is the key
Accelerating the journey to a digital culture is an existential decision, and must start by making the business case for focused investment in digital insurance L&D as soon as ...
ROI model for Learning & Development
Below is an example of a hard dollar ROI calculator we have for our TDI Academy programmes. Our hard dollar approach identifies the direct price of the programme, any travel ...
 |
 |
Rick Huckstep
Chairman
EVENTS
Join the upcoming events
Comments