Reinsurers are the ones climbing the A M Best Top 200 US P&C Performers ranked by Premium Size. This is the week that The Economist posited the question "The future of insurance is happening without insurance firms"
If this were not the catalyst to be serious about innovation then I would be shocked.
I'll soon follow up with the must haves for any digital insurance platform.
In most instances, when A.M. Best issues their Top 200 U.S Property/Casualty Writers results, there is some jockeying for position – up or down a position or two. However, the 2018 results issued in July 2019 revealed something that literally flew off the page. One insurer moved up 28 positions, another 29, and a third jumped a staggering 121 positions. While the upward movement is interesting in and of itself, it was who the insurers are that really caught my attention – reinsurers! Swiss Re, Everest Re, and Arch, respective to the numbers above. And they join Munich Re at number 18.