Web efficiencies can add value for reinsurers in many ways, he said. Swiss Re's portal is improving in stages, he said, noting that eventually it will be like an online team room with clients. Some sites are neutral exchanges to be used by several reinsurers, while others cater to their own business. Where Swiss Re America goes will depend on the market, Low said. If exchanges develop to the point where the industry believes that's the point to be, we'll be there.
Success is inevitable.
Swiss Re Group is no stranger to technology, Low noted. In May, Swiss Re Group introduced its ELRiX platform for the sale of weather derivatives. The online service reaches smaller companies that didn't have access to this type of product especially oil-heat distributors.