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PERILS works with Singapore to improve loss data
Insurance
The quality of data in Asia-Pacific is gradually improving although this varies from market to market, and there is still some way to go, Darryl Pidcock, head of PERILS Asia-Pacific, told SIRC Today.   29 October 2018
Overcapacity driven by success
Alternative Risk Transfer
There is an oversupply of capacity in the Asia-Pacific region, which is driven in part by the success of Singapore as a regional reinsurance hub, according to Nick Orton, senior international treaty underwriter at Hiscox Re & ILS.   29 October 2018
Allianz reinsurance programme to mirror the group’s growth
Alternative Risk Transfer
Allianz has a comprehensive footprint across Asia, with its risks managed by a centralised buying strategy, as Amer Ahmed of Allianz Re tells SIRC Today.   29 October 2018
Insurance
Flood exposure data in Asia poses challenges due to the lack of precise location information, which in turn is making it difficult to underwrite this risk and close the protection gap, Iain Willis, managing director of JBA Risk Management Singapore, told SIRC Today.   29 October 2018
Insurance
Allied World’s acquisition of RSA’s operations in Hong Kong and Singapore as well as its takeover by the Fairfax group has strengthened the re/insurer’s capabilities and potential growth opportunities in Asia, Michael Garrison, president Asia-Pacific, told SIRC Today.   29 October 2018
Insurance
Munich Re has partnered with Plug and Play, a Silicon Valley-based accelerator and corporate innovation platform, to collaborate with emerging insurtech startups in China.   29 October 2018
Insurance
Tokio Marine Kiln (TMK) has unveiled a drastic reorganisation of its Asian operations, which includes closing its Hong Kong office with immediate effect, citing challenging market conditions.   24 October 2018
Insurance
Hong Kong-based blockchain company Galileo Platforms has secured $2 million Series A funding from specialist property/casualty reinsurer Greenlight Capital Re to accelerate its growth.   24 October 2018
Insurance
Specialty re/insurer Canopius has revealed a series of key appointments to expand its business across the Asia Pacific region.   22 October 2018
Insurance
The search for capital relief under Solvency II and thin margins on the insurance side of the business are the two biggest factors driving demand for reinsurance in Europe at the moment, Jan Ekberg, president of EMEA, Axis Re, told Baden-Baden Today.   22 October 2018

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