Verzögerte Rückversicherungsforderungen nach Katastrophenschäden

Definition

Australian insurers are experiencing higher severity and frequency of catastrophe events, with the Insurance Council reporting a 67% increase in the total insured cost of extreme weather over the past five years and reinsurance costs pushed to 20‑year highs.[1][4] Following these events, cedants must prepare detailed bordereaux, allocate individual claims to events, apply retentions and limits, and submit proofs of loss to reinsurers. Where these activities are handled via manual spreadsheets and email‑based workflows, they are inconsistent with APRA’s CPS 230 expectations for operational resilience and materially delay the recognition and collection of reinsurance recoverables.[1][10] With direct written premiums forecast at about AUD 102.8 billion in 2025 and a substantial share of catastrophe risk ceded to the reinsurance market, the reinsurance recoverables associated with a single major event can be in the hundreds of millions of dollars.[4][5] Each additional month that such recoveries remain uncollected forces insurers to fund claims from their own capital or bank facilities. Assuming a conservative funding cost of 4–6% per annum, a 3‑month delay on AUD 200 million of recoveries implies an avoidable financing cost of roughly AUD 2–3 million per event. In seasons with multiple events, the cumulative time‑to‑cash drag can reach AUD 5–10 million annually for a large cat‑exposed carrier, purely due to process inefficiency rather than disputed coverage.

Why This Matters

The Pitch: Australian carriers in cat‑exposed lines routinely wait 3–12 months to collect AUD 50–500 million in valid reinsurance recoveries after major events. Automating loss allocation, event aggregation and treaty application can shorten recovery cycles by 1–3 months, saving AUD 0.5–5 million per event in interest and capital drag.

Affected Stakeholders

Claims Director, Head of Reinsurance Recoveries, Chief Financial Officer, Treasury Manager, Catastrophe Modelling and Exposure Management Teams

Related Business Risks