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Insurance
As some of China’s re/insurers find their feet and settle on a reinsurance strategy Shanghai could develop as another reinsurance hub in Asia over the next few years, just as Singapore has, Moungmo Lee, managing director, analytics, AM Best, told SIRC Today. 1 November 2015
News
The introduction of risk-based capital (RBC) regulatory regimes by regulators across Asia will accelerate the development of insurance markets in the region and drive demand for reinsurance as insurers change the way they manage their capital, Kenrick Law, regional chief executive, Allianz Reinsurance Branch Asia Pacific, told SIRC Today. 1 November 2015
Insurance
PERILS, the European aggregator of catastrophe insurance data, is preparing to set out a new suite of products and take its offering into new markets, including Asia. 1 November 2015
Insurance
The oversupply of capacity and the resulting challenges it causes is more pronounced in Asia than other parts of the world because of the concerted effort made by many market practitioners to capitalise on the region’s economic strength, Andy Caldwell, deputy active underwriter Syndicate 1955, Barbican Insurance Group, told SIRC Today. 1 November 2015
News
Despite strong economic headwinds and increased financial market volatility, the protection gaps that exist across Asia represent a significant opportunity for reinsurers that cannot be ignored, Moses Ojeisekhoba, chief executive officer of Reinsurance Asia, Swiss Re Asia, told SIRC Today. 1 November 2015
Alternative Risk Transfer
A great deal of education needs to take place across Asia before the used of insurance-linked securities (ILS) truly gains traction in the region, Siew Wai Wan, senior director, insurance, Fitch Ratings, told SIRC Today. 1 November 2015
Insurance
The economic outlook for China and recent events such as the explosions in the port of Tianjin and the cyclones and hurricanes in the Philippines, Mexico and the US, will be some of the main talking points at the Singapore International Reinsurance Conference, Billy Bennett, insurance leader, PwC Singapore, told SIRC Today. 1 November 2015
Insurance
“The Asian insurance market remains very vibrant, with a number of domestic markets developing, plus a growing reinsurance market,” Chris Panes, chief executive officer, Asia, of loss adjuster Crawford & Company, told SIRC Today. 1 November 2015
Insurance
The move by the Monetary Authority of Singapore to allow Lloyd’s service companies in Singapore to delegate authority to third parties represents a game changer for Lloyd’s in Asia and will enable significant growth, Kent Chaplin, Lloyd’s head of Asia-Pacific, told SIRC Today. 1 November 2015
Insurance
Climate change is real and has catastrophic implications if not managed and prepared for. The re/insurance industry must collaborate with all other parties to get a grip on the consequences of global warming, says K Sanath Kumar, acting chairman-cum-managing director, GIC Re. 30 October 2015
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