The search for new global markets, a wave of natural catastrophes and uncertain economic conditions might easily keep reinsurance companies’ eyes fixed on the outside world.

But internally, legacy technology systems, a dependency on brokers for leads and the laborious business of underwriting also represent costly headaches and competitive risks.

In a time of stark challenges, some reinsurers will inevitably lose their way. The winners will be the ones that balance the potential of technology with a fully utilized and optimized workforce.

Squirro’s Reinsurance Solution can’t change the world around us, but it can shave tens to hundreds of hours from the underwriting process by leveraging Augmented Intelligence to drastically enhance the speed and efficiency of underwriters. And it can help to break the broker habit by managing large volumes of data to identify catalysts for lead generation.