‘Brokers are over-promising on data analytics’: BMS Re chief property officer
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‘Brokers are over-promising on data analytics’: BMS Re chief property officer

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The reinsurance broking market has drifted towards a situation where intermediaries are frequently over-promising and under-delivering data analytics services, according to BMS Re’s chief property officer.

Speaking to Inside P&C, Jeff Irvan said an analytics “arms race” has resulted in cedants frequently being pitched services and data platforms that either are completely irrelevant or simply cannot be delivered.

“It’s

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