Leveraging Data for Optimal Reinsurance Pricing | TRP #102
This week the guys tackle the complexities of data in the insurance and reinsurance industry. They discuss how evolving data usage can better identify risk, the potential for more granular data in reinsurance, and the ethical implications of improved data analytics. Join us for a deep dive into how data is transforming our industry. 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 (02:09) History of Reinsurance Data Usage (04:30) Introduction & Implication of IoT (09:01) Data-led Insurance (11:37) Data Aggregation… Or Not?! (16:47) Data Preparation Is Too Time-Consuming (18:40) Hyper-Diversification of Insurance Portfolios (22:23) Pricing Mechanisms for Reinsurers (25:25) Data vs. Relationships (31:40) Pricing Deviation Due to Data