Disruption and Reinsurance – An Overview and Perspective

Journal of Reinsurance, Vol. 25, No. 1, pp. 23-26, 2018

Posted: 26 Apr 2018 Last revised: 4 May 2018

See all articles by Joseph Calandro, Jr.

Joseph Calandro, Jr.

Fordham University - Gabelli Center for Global Security Analysis

Marie Carr

PwC Germany

Vivek Paharia

PwC Germany

Francois Ramette

PwC Germany

Jamie Yoder

PwC Germany

Date Written: April 10, 2018

Abstract

Reinsurance is often thought of as a mature, rather staid, industry. However, it has nevertheless been the subject of innovation over the past couple of decades, albeit from a purely financial perspective (e.g., catastrophe bonds, sidecars, “hedge fund re” start-ups, etc.). For a variety of reasons—some of which we will discuss—the reinsurance industry may soon be transitioning to a new phase of competition, one that is characterized by a variety of innovative strategic, operational and/or technological initiatives (i.e., beyond merely financial ones). To help put the competitive environment into context, we profile similar considerations that have led direct insurers (or cedants) to make significant investments over the recent past. We next profile several currently innovative initiatives in the reinsurance marketplace, which seemingly have the potential to disrupt the business of global reinsurance (assumed and ceded). Finally, we conclude with suggestions that reinsurers can practically consider, such as the selection of an appropriate Enterprise Innovation Model, when they are confronting innovation either offensively or defensively as part of their strategic planning processes.

Keywords: Reinsurance, Disruption, Corporate Strategy

JEL Classification: G22, L10

Suggested Citation

Calandro, Jr., Joseph and Carr, Marie and Paharia, Vivek and Ramette, Francois and Yoder, Jamie, Disruption and Reinsurance – An Overview and Perspective (April 10, 2018). Journal of Reinsurance, Vol. 25, No. 1, pp. 23-26, 2018. Available at SSRN: https://ssrn.com/abstract=3160839

Joseph Calandro, Jr. (Contact Author)

Fordham University - Gabelli Center for Global Security Analysis ( email )

531 Hughes Hall
441 E. Fordham Rd
Bronx, NY 10458
United States

HOME PAGE: http://www.linkedin.com/in/josephcalandro/

Marie Carr

PwC Germany ( email )

Germany

Vivek Paharia

PwC Germany ( email )

Germany

Francois Ramette

PwC Germany ( email )

Germany

Jamie Yoder

PwC Germany ( email )

Germany

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