#32 - Is Reinsurance Broken?

This week Jerad and Ben dive into the inefficiencies of the reinsurance market, the lack of technological modernisation compared with other industries, and the host of practitioner frustrations. We want to address the question: is the industry broken? This episode is analogy galore - we explain all manner of concepts with strange and wild comparisons. 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 Say Hello: [email protected] OUTLINE & TIMESTAMPS: (00:00) Intro (00:55) “Reinsurance Is Broken” (03:00) The Need to Modernise (05:30) Practitioner Frustrations (10:07) The Element of Customer Experience (12:50) Technology & Automation to Support Reinsurance (15:31) Improving the Speed of Reinsurance Purchasing (19:20) Progress vs. the Status Quo (23:06) The Blasé Nature of Reinsurance Costs (25:32) Analogy Battle: Is the Reinsurance Industry Broken?