Rousseau writes that technological innovation is the best way for reinsurers to best anticipate risks and incoming trends.
He wrote: “This is what we are doing, making the best possible use of the data available to us – all that information serving as faint signals that enable us to anticipate and prevent, while promoting risk culture to as wide an audience as possible.”
He added: “With the development of behavioural science, in the future we will be able to measure the risk of malicious acts by making data speak beyond insurance. Thanks to technology, (re)insurance also makes it possible to manage claims as quickly as possible, to the benefit of insureds.”
More so than at any previous point, Rousseau says that reinsurers are expert risk practitioners who can identify emerging risks and make insurance-based allowances for them.
Read the full article: Reinsurance News