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Insurance
Much of the focus at SIRC this week has been around renewals and capacity, and not enough attention has been given to the importance of the emergence of new technologies, which Tony Hobrow, CEO for Asia Pacific at VenturesOne, said will ultimately transform the insurance and reinsurance sectors. 1 November 2017
Insurance
The recent catastrophe losses have changed the market dynamics: rates will increase, benefiting a sector that S&P Global Ratings views as robustly capitalised overall, as David Masters of S&P Global Ratings explains to SIRC Today. 1 November 2017
Insurance
There is still a long way to go on closing the protection gap in Asia-Pacific, and unfortunately it may well take large scale events as seen in some of the largest catastrophe buying regions in the world to change market behaviour, Mark Newman, CEO of Sompo Canopius Asia-Pacific, Middle East and North Africa, told SIRC Today. 1 November 2017
Insurance
Sri Lankan non-life insurers should be able to absorb near-term volatility and the effects of adverse weather-related events given their extensive use of reinsurance, Fitch Ratings said in a report called Reinsurance Keeps Sri Lankan Insurers Afloat Amid Floods. 1 November 2017
Insurance
The variety of new regulations that have come into force in the last few years across a number of jurisdictions in the Asia-Pacific region have the potential to change the reinsurance landscape—and 30.5 percent of readers suggests it will be the main talking point this year at SIRC. 1 November 2017
Insurance
Available reinsurance capacity in Asia-Pacific is unlikely to be affected by the recent catastrophe losses in North America; as such, reinsurers will offer a “measured” response in the region, George Attard, head of Aon Benfield Analytics, Asia Pacific, told SIRC Today. 1 November 2017
Insurance
The Association of Southeast Asian Nations (ASEAN) Economic Community (AEC) initiative—established in 2015 to move Southeast Asia towards becoming a globally competitive single market across the 10 member states—is expected to have a positive impact on ASEAN insurance markets. 1 November 2017
Insurance
Pricing for non-cat exposed property in Asia has remained more or less stable, but other classes have come under stress with pressure on rates to increase, Alamgir Kabir, executive vice president at the Bangkok-based Asian Reinsurance Corporation (Asian Re), told SIRC Today. 1 November 2017
Insurance
Qatar Reinsurance Company has appointed Manik Sethi as chief executive of its Singapore branch. 1 November 2017
Insurance
Flaspöhler, part of NMG Consulting, conducts an annual, global survey of brokers and insurance executives designed to illustrate reinsurers’ competitive positioning and respondents’ main concerns in a rapidly changing industry. Here, we reveal the top challenges reported by reinsurance brokers across Asia-Pacific. 1 November 2017
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