#51 - Leveraging Partnerships: The Only Way to Succeed in Reinsurance
Dive into the world of reinsurance partnerships in this latest episode. The guys explore the intricacies of reinsurance transactions, discuss how collaborations can lead to access to new risks, and analyse the 'Uberisation' of the industry. Ben & Jerad also delve into the critical role of technology and data in understanding and pricing risk, as well as the innovations in insurance coverage. Discover the fine balance between partnering and going solo in this rapidly evolving space, while examining the concept of full stack insurance and the value of finding partners in competitors. They wrap up with an analogy battle and a look at how SaaS is unlocking and improving efficiency within the reinsurance sector. 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: producer@thereinsurancepodcast.com OUTLINE & TIMESTAMPS: (00:00) Intro (02:07) The Three Parties in a Reinsurance Transaction (03:01) Leveraging Partnerships to Access New Risks (05:14) The ‘Uberisation’ of the Industry (07:23) Understanding & Pricing Risk With Better Tech & Data (10:35) Innovations in Insurance Coverage for Society (11:59) When to Partner & When to Do Things Yourself? (15:02) Full Stack Insurance: It Doesn’t Really Exist (15:52) Finding Partners in Competitors (18:51) Ending & Absorbing Partnerships (20:15) Shared Reinsurance Software for the Entire Industry (24:04) Analogy Battle: Tower of Babylon (26:41) SaaS Unlocking & Improving Efficiency