Share on Facebook Share on Twitter Share on Google+ Share on Linkedin The biggest issues facing reinsurance buyers today are growth, expense management and capital efficiency, according to Mike Schnur, a Partner at TigerRisk. Carriers are focused on growing profitably through new product lines, new teams, as well as mergers and acquisitions (M&A). Carriers feel that there are costs that can be reduced to reduce expense ratios. More and more carriers are also looking to their reinsurance program in order to better manage their capital overall. At the end of the October 2018, it is too early to know how catastrophe losses will affect the reinsurance market. Mr. Schnur believes there will be little impact on reinsurance 1/1 renewals, unless it is “loss impacted.” TigerRisk sees a “mountain of capital on the sidelines”, making it hard for reinsurers to negotiate a harder line. Technology is playing an bigger role in reinsurance today. Reinsurers have gotten very sophisticated with regard to data and modeling. Cedents that can provide better data will get better pricing, attachment points and how they manage exposures through reinsurers. Carriers are using technology and data to better price their business and differentiate themselves in a competitive market. While not all technology investment has paid off, there has been tremendous progress. TigerRisk celebrated its tenth anniversary this year. Mr. Schnur believes Tiger has been successful by looking at reinsurance differently and challenging the status quo in reinsurance. status quo.