Reinsurers must learn from trailblazers

11-11-2022

Reinsurers must learn from trailblazers

Re/insurers can learn from their insurtech partners to help their businesses flourish in the long term, a discussion panel on insurtech agreed.

A discussion panel on insurtech agreed that there is a big opportunity for reinsurers, as insurtech partners have the right expertise, culture, and technology to prosper in their chosen areas.

Sebastian Banescu, Chainproof chief executive & head of Quantstamp Germany, speaking on the panel headlined: “Insurtech leading the charge: how insurtechs are breaking into new geographies”, said: “I guess they could learn. If they are willing to put in the human and other resources needed not just to piggyback off the insurtechs’ success, but maybe to build internal expertise, that would be a big help.

‘It’s not only reinsurers—it’s insurance companies too. They don’t have certain expertise in-house, but if they see that there’s a huge opportunity in the market, what they could do is partner with an insurtech and slowly learn what they are doing and build internal expertise.”


Mapfre, Hampleton Partners, Chainproof, Technology, Insurtech, M&A, Insurance, Reinsurance, Carlos Cendra, Miro Parizek, Sebastian Banescu, Global

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