Reinsurers focus on core IT functions

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Karlyn Carnahan writes about Reinsurance technology strategy in the latest issue of Insurance Networking News:

In an increasingly complex, interlocked and fast-moving world, where should a reinsurer best deploy capital in their IT investments? Like primary insurers, reinsurers are experiencing what Novarica terms the “frostbite effect” in IT strategy. Reinsurers are pulling in from the edges to protect their core capabilities to remain viable and competitive in a challenging market. These core areas are data and modeling, compliance and control, and operational efficiencies.

See the rest of the article online here

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