Small insurers should take advantage of reinsurers’ vast data and analytics resources to thrive in an increasingly complex digital age, according to Gen Re.

Property and Casualty Chief Data and Analytics Officer Upendra Belhe says many smaller insurers find it difficult to adapt to such changes.

“Frequently, they simply don’t have sufficient resources to equip themselves with the knowledge and insights they need to survive and prosper.”

He says Gen Re helps its general insurance clients put collective data-driven insights to work, to strengthen and challenge their business hypotheses.

“We feel strongly that such a data-driven, collaborative approach can uncover perspectives and potential that would otherwise be hidden from them.”

He says Gen Re’s vast network, diverse client base and large product offering enable it to share the latest market figures, trends and concerns.

“The bottom line is that today’s property and casualty business environment is an increasingly complex and ever-shifting ocean of change.”