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Insurance
Asian regulators are continuing to enhance and improve their regimes, and several Asian countries are adopting protectionist measures to expand their domestic reinsurance market, Christopher Han, associate director at Fitch Ratings, told SIRC Today. 30 October 2017
Insurance
Although earthquake risk in Japan is relatively well understood and the industry performed well in the aftermath of the last big quake to hit the country, in 2011, more must be done to tackle the protection gap (the difference between the economic loss and the insured loss) and the extent to which insurance is used to protect certain risks. 30 October 2017
Insurance
The China Risk Oriented Solvency System (C-ROSS) is driving the primary insurance market to seek more sophisticated reinsurance protection and is changing reinsurance purchasing patterns. 30 October 2017
Insurance
Catastrophe modelling firm AIR Worldwide has introduced a new inland flood model for Japan, which it believes is the first of its kind in the sense that it is able to factor in all types of precipitation, Milan Simic, the firm’s executive vice president and managing director, international operations, told SIRC Today. 30 October 2017
Insurance
Indian reinsurer GIC Re is preparing to launch an IPO. Chairman-cum-managing director Alice G Vaidyan explains the reasons behind it and the company’s plans for the months ahead to SIRC Today. 30 October 2017
Insurance
As JBA Risk Management Singapore launches new risk models in the Asia-Pacific region, Iain Willis, its managing director, explains to SIRC Today the potential of these new products and how they will benefit the region. 30 October 2017
Insurance
Flaspöhler, part of NMG Consulting, conducts an annual, global study designed to illustrate reinsurers’ competitive positioning and value proposition in relation to their peers. Here, we reveal how the top reinsurers fared when brokers and insurance executives across Asia-Pacific were surveyed. 30 October 2017
Insurance
Asian shipping has endured the coincidence of low freight rates, market consolidation, and the continued broader economic slowdown. Simon Saunders of Barbican Insurance Group discusses the implications of current conditions with SIRC Today. 30 October 2017
Insurance
While the global reinsurance markets are reeling from the recent hurricane losses and negotiating rate hikes, Asia has not seen major catastrophe losses this year and the dynamics are very different. Competition remains fierce while regulatory change and the influence of disruptive technologies on the markets are also hot topics, as Philip Chung of S&P Global Ratings explains to SIRC Today. 30 October 2017
Insurance
Although there may be signs of rates stabilising in the aftermath of the recent big losses in North America, rate decreases may not be over in the Asian reinsurance markets, according to respondents to an online survey by Intelligent Insurer ahead of the 14th Singapore International Reinsurance Conference. 30 October 2017
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