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Why Is Reinsurance Innovation Underserved? : An Interview with Tom Spier, CCO of Supercede
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Good morning and welcome back to this week's episode of The Leadership In Insurance Podcast where for this week's episode I am joined by Tom Spier, Supercede's CCO.
In this episode we dig in to all things #Reinsurance and predominately the big topic of, why is reinsurance innovation underserved?
Tom has a great ocean analogy for insurance innovation (see below 👇 )
🐠 He equates the brightly coloured fish swimming at the top of the sea to be the retail brokers and MGAs attracting the domestic buyers. Then we get to the darker, uglier fish further down ocean (& further down the value chain) - these are the harder to solve, less attractive problems that lack innovation ➡ this is what Supercede are tackling.
We look at whether as an industry, are we approaching Reinsurance wrong?
It's often seen as an addition to insurance, often an after thought - this is even highlighted by putting the 'Re' in brackets ➡ (Re)insurance - the solutions we currently have aren't fit for purpose and they won't fit the same mold as insurance.
Do we need to change our perspective? 💭 Supercede's only thought is reinsurance - never an after thought - that's where innovation lies.
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