Articles
Insurance
The Asian insurance market is expanding but in a fitful manner, with some countries lacking disaster or agricultural insurance schemes, according to a report by the Asian Development Bank (ABD). 29 October 2019
Insurance
Nexus Asia expects to be the largest managing general agency (MGA) in Asia by gross written premium, as well as commission income and earnings before interest, tax, depreciation and amortisation, in the next 12 months to two years. 29 October 2019
Insurance
Home-court advantages are eroding for Asia-Pacific reinsurers as urbanisation and chaotic weather throw up new pricing challenges, Eunice Tan of S&P Global Ratings told SIRC Today. 29 October 2019
Insurance
Justin Tan, corporate partner at law firm Clyde & Co Clasis, part of the global firm’s Asia-Pacific network, sees growth for re/insurers coming from the consistent economic growth of South East Asian countries, as they have been actively targeted by several global life and health companies as new and/or growth markets. 29 October 2019
Insurance
John Foord, the specialist valuation and appraisal practice headquartered in Singapore, saw its global team grow in size by 15 percent in 2018, and the firm expects to match this growth in 2019. 29 October 2019
Insurance
With India providing the bedrock for its operations in the region, GIC Re sees the wider Asia-Pacific region as the growth engine for the world economy and its own aims, Devesh Srivastava of GIC Re told SIRC Today. 29 October 2019
Insurance
Markel is expanding and as a result is recruiting underwriters in Hong Kong, Mumbai, Shanghai and Singapore, following a strong performance in Asia in 2019. 29 October 2019
Insurance
Consumers in South East Asia are increasingly using electronic payments for their day-to-day needs, including insurance, according to a report commissioned by Google, investment company Temasek and management consultant Bain & Company. 29 October 2019
Insurance
Global credit ratings agency AM Best has affirmed the Financial Strength Rating of ‘A-’ (Excellent) and the Long-Term Issuer Credit Rating of ‘A-’ of Singapore Reinsurance (Singapore Re). The outlook of these credit ratings is stable. 29 October 2019
Insurance
A combination of markets enjoying rapid economic growth, a vibrant agricultural sector and the introduction of risk-based capital regulations mean opportunities in Asia-Pacific for the right clients, Kenrick Law of Allianz Re told SIRC Today. 29 October 2019
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