Patcheko80
INSEAD doesn't encourage reapplications. But in your case, they are asking you to reapply, that's good news. They've seen potential in the other 3 areas (Leadership, International, and Contribution), you're just lacking on Academics. Give yourself time to focus on the GMAT. For Quants, use Manhattan strategies book (It's the best, I think). It seems like you're doing well on verbal and I really don't know about the new format. Read about it, focus about your strength in Verbal. You should be fine.
Don't rush for reapplication in this intake, just finish the GMAT and then think of reapplying.
All the best buddy
Hey Patcheko80 - Didn't you apply for R3 Sept 2012 and you were told to re-write the GMAT as well...Did you take back your Sept 12 app and go for Jan 2013? If you don't mind my asking how did your re-write go?
Hey AVbyT.
Yes, I applied for the January 2012 intake (Not Sept) and was asked to retake the GMAT. The only mistake I made was trying to rush for a specific intake. Not good, not good. But I did well after all(More details to come in my GMAT debrief, working on it), I got my interview invite.