Modernizing Reinsurance Administration

By Deloitte Advisory · Deloitte · 2018 · CP341-116-25

Study guide: Exam CP-341

A Deloitte report, copyright 2018, on the principal findings of Deloitte Advisory's reinsurance administration survey of senior executives responsible for ceded reinsurance at 13 insurance companies in 2016–17. It considers the objectives of reinsurance, relationships with reinsurers, organizational capabilities, technology applications used, top pain points and emerging opportunities, with Deloitte Advisory's perspectives from client experience and discussions with industry executives.

On the syllabus

• Exam CP-341 — Outcomes 4a; the whole report.

Introduction

Key findings and observations

Increasing complexity

Enhancing data quality and integration

Progressing toward analytics

Underinvestment in technology

Streamlining operations

• Companies were divided on the use of vendors: 42 percent reported outsourcing elements of their reinsurance administration to a third party, while the remainder manage these activities in house.

Conclusion

Methodology

Sources

• Modernizing reinsurance administration (Deloitte Advisory, 2018) — the document: title, contents, section headings and the points under them (16 pages, read from its text layer). The syllabus gives the title only; this page identifies the document by that title, and no SOA-hosted copy was read
• Reinsurance Administration and Automation (Deloitte US) — Deloitte's page for the report, which links the PDF above
• SOA CP-341 syllabus, Mar 2027/Jul 2027 — the citation (code CP341-116-25) and the assigned outcome (4a)