Swiss Re is preparing to expand its online insurance technology venture Life Capital into non-life business. CEO Mumenthaler wants the platform to be a safeguard against stalled reinsurance pricing and recent catastrophe activity that have put considerable pressure on the reinsurance sector. It will be used to bring primary insurers and online retailers together selling insurance from the same place, closing the protection gap.
Swiss Re is preparing to expand its online insurance technology venture Life Capital into non-life business. CEO Christian Mumenthaler wants the platform to be a safeguard against stalled reinsurance pricing and recent catastrophe activity that have put considerable pressure on the reinsurance sector. It will be used to bring primary insurers and online retailers together selling insurance from the same place, closing the protection gap.