Opportunities in flood in Asia

JBA Risk Management, a UK-based provider of natural hazard modelling services, launched a new office in Singapore in September. The company sees great growth potential in the Asia-Pacific region and believes its modelling tools can help insurers grow in the region and also start to increase insurance penetration in many countries.

The Singapore office is headed by Iain Willis, Asia-Pacific managing director at JBA Risk Management. He will look to build relationships with international insurers targeting growth in the region and domestic players keen to get a better handle on their catastrophe risks, especially flood risk, which JBA specialises in.