Jerad and Ben skip the small talk and jump straight to 2030, asking the one question worth asking about AI and reinsurance: what actually changes, and what's just getting a shinier coat of paint. They cover cat models, capital allocation, contract structuring, dying market standards, and an industry expense ratio that's somehow gone up instead of down. No guest this week — just two hosts making predictions they might regret.
WHAT YOU'LL LEARN:
- Why AI-driven cat modeling might be the one part of reinsurance that actually gets faster and better, not just different
- Why the relationship-driven, napkin-deal side of the business probably won't look any different in 2030
- Why the market's expense ratio has crept up instead of down despite a decade of technology investment, and what that says about how the industry should be valuing tech spend in the first place
- Why rigid market standards and clause libraries might not survive contact with natural language processing
- Why nobody's handing a nine-figure placement to an autonomous agent any time soon, and where automation actually helps instead
CONNECT WITH US:
Say Hello: producer@thereinsurancepodcast.com
Website: https://www.supercede.com
LinkedIn:https://www.linkedin.com/company/supercedehq
X: https://twitter.com/SupercedeHQ
YouTube: https://www.youtube.com/@SupercedeHQ
RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss
OUTLINE & TIMESTAMPS:
00:00 Intro
01:09 Has reinsurance actually changed by 2030
02:11 Cat models get the biggest AI upgrade in the industry
04:44 How AI reshapes reinsurer portfolio and capital strategy
05:46 Why brokers couldn't care less whose paper it is
07:21 Alternative capital's coopetition with reinsurers
08:06 Testing five contract structures before lunch
10:48 The expense ratio problem nobody in reinsurance can explain
12:25 What Silicon Valley's AI spend says about return on investment
14:50 Is AI reinsurance's Concorde, or its Metaverse
18:23 Why natural language could kill reinsurance market standards
21:53 Would you hand a $50m placement to an autonomous agent
25:07 The most impactful reinsurance app was never built for reinsurance
26:53 Monte Carlo, quants, and the last of the 2030 predictions
