The specific problems encountered by P&C reinsurers may differ from the life and annuities sector, largely due to differences in business line complexities. But one thing held in common by both groups-getting up to speed-is an understatement, according to Richard Ruggiano, AIG's senior reinsurance officer and vice president, domestic brokerage group."We still process reinsurance the way we did 80 years ago," says Ruggiano, "and getting where we need to be is an uphill battle."
It was a mere five years ago when New York-based AIG, under Ruggiano's direction, embarked on a quest for improved data continuity, error reduction and overall communication between its internal reinsurance staff and external partners.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access