Key Points
- Reinsurance enters “Reinsurance Market 2.0” driven by granular data analytics, technology adoption, and diversifying global capital, as stated by Send analysts.
- Industry leaders compete on real-time data for faster decisions, using cloud-native platforms, AI-enhanced analytics, and multi-model approaches for portfolio optimisation.
- Broker-led platforms and delegated authority models incorporate automated bordereaux, real-time exposure tracking, and AI-driven risk scoring for dynamic capacity adjustment.
- 2026 marked as pivotal year for Reinsurance 2.0 to become standard practice, supported by London market standards like unified data formats replacing spreadsheets.
- Regulatory frameworks such as Solvency II favour data-transparent companies; brokers roll out facilities blending reinsurance, investor capital, and parametric cover.
- Send analysts conclude Reinsurance 2.0 offers opportunity in capital access and efficiency but obliges data literacy, tech capabilities, and operational frameworks.
- Send’s API-first platform aggregates reinsurance data for real-time dashboards, AI automation, and underwriting optimisation.
- Reinsurance capital recovered through H1 2025, approaching pre-2022 peaks amid softening rates emphasising efficiency.
- Willis Re describes shift as ‘Reinsurance Market 2.0’; facilities enable multi-layered structures blending treaty, facultative, collateralised reinsurance, and parametric triggers.
- Send’s research highlights carriers prioritising analytics for emerging risks; shift to structured AI implementation with training.
What is driving the shift to Reinsurance Market 2.0?
Reinsurance undergoes a systemic transformation in capacity sourcing and management. As reported by Reinsurance News, Send analysts stated in a recent report: “Reinsurance is entering a new era with a systemic shift in how capacity is sourced and managed, driven by a convergence of granular data analytics, widespread technology adoption, and a diversifying pool of global capital.”
Industry leaders no longer compete solely on price or traditional appetite. Send analysts noted: “Moreover, no longer content to compete solely on price or traditional appetite, the industry’s leaders are now distinguishing themselves through their ability to harness real-time information to make faster, more precise decisions.”
Data forms the core of this evolution, termed ‘Reinsurance Market 2.0’ by reinsurance broker Willis Re. Reinsurers utilise cloud-native modelling platforms, AI-enhanced analytics, and multi-model approaches enabling portfolio optimisation and scenario analysis impossible just a few years ago.
This transparency attracts broader capital by lowering entry barriers and providing clearer risk transfer insights. Send’s platform supports this by consolidating complex reinsurance data into real-time dashboards for exposure monitoring and capacity optimisation.
How are broker platforms and delegated models evolving?
Transformative changes in broker-led platforms and delegated authority models strengthen the reinsurance ecosystem. Send analysts explained: “Transformative changes in broker-led platforms and delegated authority models are pivotal to supporting this new era of reinsurance, strengthening the ecosystem and creating a strong chain that connects frontline underwriting to global capital.”
Facilities now feature advanced tools. Send analysts added: “Facilities now incorporate automated bordereaux, real-time exposure tracking and AI-driven risk scoring, allowing reinsurers to monitor and adjust capacity dynamically without the friction of annual renewals.”
Such technology reduces administrative burdens and supports complex structures. Send analysts continued: “This technology not only reduces administrative drag but also enables complex multi-layered structures, seamlessly blending treaty, facultative, collateralised reinsurance and even parametric triggers that align precisely with portfolio needs, smoothing volatility while delivering optimal capital efficiency.”
Brokers respond with ready-made facilities for managing general agents (MGAs) blending traditional reinsurance, investor capital, and parametric cover, backed by shared analytics.
Send’s solutions enable this through AI-powered automation handling repetitive tasks and providing reinsurance-specific insights in real time.
Why is 2026 pivotal for Reinsurance 2.0 adoption?
Industry analysts identify 2026 as the year Reinsurance 2.0 transitions from concept to standard practice. New London market standards, including unified data formats, replace clunky spreadsheets with automated updates allowing capacity to flex with actual portfolio needs rather than fixed annual deals.
Reinsurance capital recovered through the first half of 2025, nearing pre-2022 peaks, while softening rates heighten efficiency demands. Carriers quantify reinsurance value per dollar; reinsurers prioritise data-transparent cedants to end pricing guesswork.
Regulatory support grows, with Solvency II favouring high data transparency via streamlined reporting. Send’s Underwriting Maturity Framework progresses from manual processes to algorithmic decisions, harnessing operational data for insights.
In Send’s top trends for 2026 underwriting, reinsurance changes reflect data-driven modelling, tech adoption, and capital diversification, supported by delegated arrangements and broker facilitisation.
What opportunities and obligations does Reinsurance 2.0 present?
Reinsurance 2.0 offers significant prospects alongside responsibilities. Send analysts concluded: “Reinsurance 2.0 presents both opportunity and obligation. The opportunity lies in accessing deeper pools of capital, deploying capacity more efficiently, and building portfolios with unprecedented precision.”
They emphasised preparation needs: “The obligation is to develop the data literacy, technological capabilities, and operational frameworks to thrive in this new environment. Underwriters who can successfully navigate delegated arrangements, leverage advanced analytics, and work seamlessly within broker-facilitated ecosystems will gain significant competitive advantages.”
Send’s API-first platform aids by aggregating estate data into a single location for reinsurers, structuring programmes and viewing risks across layers via pre-built reporting.
Professionals mastering these will lead. Send enables real-time portfolio insight, streamlining underwriting for confident decisions.
Related research from Send shows carriers prioritising analytics for risks, with data literacy driving success. Andy Moss, Co-founder and CEO of Send, said in a 2025 report: “This research underlines the fact that underwriting in 2025 will be faster, smarter, and more connected than ever before. The firms that embrace data, AI, and portfolio optimisation will be the ones that thrive in an increasingly competitive and evolving market.”
Sarah Sutton, CMO at Send, added: “The underwriter of the future is highly data-literate, powered by technology, and focused on making balanced, informed decisions.”
How does Send Technology support this transformation?
Send provides reinsurance software solutions orchestrating data for modelling, pricing, and analytics. Their platform offers seamless data access for portfolio visibility.
It consolidates data into real-time dashboards, monitors exposure, and optimises capacity for smarter underwriting. AI-powered workflows save time on repetitive tasks, prioritising high-value work.
Integration with third-party apps and legacy platforms via API-first design captures data once for ecosystem exchange. Send streamlines the submission-to-bind journey, automating steps and providing portfolio insights.
In broader context, Send’s 2026 trends note reinsurance evolution influenced by data sophistication attracting investors, with accumulation control using proprietary modelling, as Marcus Winter, President and CEO of Munich Re – North America, explained: “Accumulation control is critical for reinsurance companies to maintain a stable balance sheet and to preserve the overall health of the insurance industry. Our approaches for accumulation control are now more sophisticated than ever. Thanks to new, proprietary modeling capabilities and data insights, we can uncover more granular data for perils such as wildfire or computer viruses.”
Christopher Gray, Divisional Director, Reinsurance at Westfield Specialty, stated: “Reinsurers will need to be smart thinkers to succeed in 2026. To succeed in this complex and challenging environment, reinsurance needs to prove its value. Clients will retain more risk if they don’t see a value in what they are buying. Let’s work hard to deliver that value as we head towards a challenging but exciting year ahead.