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Economic growth and a low insurance penetration compared to advanced economies is set to drive re/insurance growth in developing countries in Asia such as China, India and Thailand, according to a JLT Re report titled Emerging Markets: Moving Ahead. 13 October 2016
Insurance
As companies grapple with new and emerging complex risks including cyber, terrorism and D&O, this also presents an opportunity for insurers if they can innovate to address clients’ needs, Chin Feng, Hong Kong & Greater China CEO for Allianz, told EAIC Today. 13 October 2016
Insurance
A key feature of the Asian market at present is that buyers are becoming more selective, Matt Cannock, managing director of Markel International, told EAIC Today. 13 October 2016
Insurance
There is huge potential for the growth of extended warranty insurance in Asia, Dermot Reilly, principal officer for Hong Kong-based NexAssure Agency, told EAIC Today. 13 October 2016
Insurance
Asia is a huge region with many territories undergoing a period of significant economic expansion. This potential generates opportunities for marine re/insurers and also continues to attract new entrants into the sector, said Simon Saunders, division head, marine, aviation and transport, Barbican Insurance Group. 13 October 2016
Insurance
Digitisation, new technologies and big data are changing the risk landscape and creating new challenges and opportunities for insurers and reinsurers, Dr Tobias Farny, Munich Re’s chief executive Asia-Pacific, responsible for reinsurance non-life in Greater China, Korea and South East Asia, told EAIC Today. 13 October 2016
Insurance
Moore Stephens Consulting has used the EAIC conference this week to launch a new set of services to companies in Asia via RuleBook, an underwriting and distribution platform. 13 October 2016
Insurance
The proliferation of startups in Asia shows no sign of abating and will change the reinsurance landscape in the region for the long term, says Philip Chung, director at S&P Global Ratings. 13 October 2016
Insurance
Although in 2016 China experienced the worst flooding since the one-in-100-year flood event of 1998, the impact of the flood has decreased significantly, according to Aon Benfield. 13 October 2016
Insurance
Stricter regulations rolled out by the Chinese Insurance Regulatory Commission (CIRC) in 2016 have created a more competitive environment in China’s life market, according to an AM Best briefing, Asia-Pacific Reinsurance Movement. 13 October 2016
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