Craig Robinson's blog

Craig Robinson
Reinsurance Sales Engineer
StoneRiver

It’s that time of year again … time to renew your reinsurance contracts. With reinsurance rates hardening again due to so much catastrophic activity this year, it’s more important than ever to make sure you have the proper reinsurance programs and terms in place. Small changes can mean big differences in results. What is the best way to do this? It can be a really difficult process, wading through a huge volume of experience data and analyzing contract terms.

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Craig Robinson Reinsurance Sales Engineer StoneRiver

Don Goodenow Director, Product Management, Reinsurance & Collections Stone

We know insurance is risky business, and it’s only going to get riskier.

AccuWeather forecasts a more active hurricane season for the U.S. compared to last year. More tornadoes are predicted for many areas of the U.S. We’ve seen what earthquakes and tsunamis can do. Preparing for these weather-related changes is challenging every area of the insurance industry, and the industry is responding.

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Craig Robinson
Reinsurance Sales Engineer
StoneRiver

How did your year-end closing go? Work any weekends or overtime completing your statutory filings? Was schedule F or P a real bear this year?

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Craig Robinson
Reinsurance Sales Engineer StoneRiver

When it comes to a reinsurance system, data consolidation is one of the most important benefits to be gained. Yes, expediting loss recoverables, automating schedule F and P preparation, and improving audit trails that point to exactly how your reinsurance entries were calculated are all very important, but having all your reinsurance data in one centralized repository is invaluable.

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Craig Robinson Reinsurance Sales Engineer StoneRiver

Don Goodenow Director, Product Management, Reinsurance & Collections Stone

If you’re a reinsurer reading the insurance news, things might seem a bit bleak. Consider this from a recent Reuters article:

“* Reinsurance prices down 5-10 pct in Jan renewals-brokers
* Weak pricing power to remain a challenge in 2011
* Analysts see low single-digit decline
The world’s top three insurance brokers saw declines of 5-10 percent in the prices reinsurers were able to charge insurance companies for new risk contracts.”

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Craig Robinson Reinsurance Sales Engineer StoneRiver At the recent Rendez-Vous Conference in Monte Carlo, where insurance and reinsurance executives meet annually, 11 large global reinsurers created the Global Reinsurance Forum (GRF). The GRF was created to "promote a stable, innovative and competitive reinsurance market." The 11 founding members of the new GRF are: Gen Re, Hannover Re, Lloyd's, Munich Re, Partner Re, RGA, SCOR, Swiss Re, Toa Re, Transatlantic Re and XL Capital. Read more>>