Legacy reinsurance systems usually cannot support increasingly complex reinsurance arrangements. (Photo: Shutterstock)
Many insurers of all types and sizes have come to rely on reinsurance as a tool to help grow their businesses or protect their balance sheets against unforeseen events. For that reason, reinsurance administration is essential to maximizing the benefits of reinsurance and ensuring confidence in the solvency of the business. Yet the systems that drive their workflows and enable consistent, high-quality outcomes are proving themselves to be antiquated and in need of investment and modernization.
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