#81 - Preparing for January Renewals | Reinsurance
This week the guys delve into January renewals (AKA 1/1). Starting with contextualising January renewals, we compare last year's strategies and explore how cedents can secure better pricing. We explore the scrutiny and lack of trust in submission data by underwriters, discussing adjustments in reinsurance structures, and revealing the crucial role of reinsurance brokers during this period. Lastly, Ben offers his unique insight as an ex-underwriter in regards to renewals, providing a comprehensive guide for the upcoming season. CONNECT WITH US: Website: https://www.supercede.com LinkedIn: https://www.linkedin.com/company/supercedehq Twitter: https://twitter.com/SupercedeHQ YouTube: https://www.youtube.com/@SupercedeHQ RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss Say Hello: producer@thereinsurancepodcast.com OUTLINE & TIMESTAMPS: (00:00) Intro (01:52 )Contextualising January Renewals (02:45) Comparing Last Year’s 1/1 (06:44) Cedent Strategies for Securing Better Pricing (09:25) Do Underwriters Trust Submission Data? (12:38) Adjusting Reinsurance Structures (14:44) What Do Reinsurance Brokers Do In 1/1? (16:27) An Underwriter’s Renewals Experience