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Insurance
Softening pricing, regulatory change, risk management requirements and catastrophe risks are the biggest concerns for re/insurers in the Asia Pacific market, Connie Wong, managing director-analytical manager, Insurance Ratings, Asia-Pacific Financial Services Ratings, Standard & Poor’s (S&P), told EAIC Today. 4 November 2014
Insurance
Government-stimulated infrastructure spending in countries such as China and across Asia presents a unique opportunity for Allianz Global Corporate & Specialty SE (AGCS) due to the company’s energy and engineering expertise, Mark Mitchell, regional CEO at AGCS for Asia, told EAIC Today. 4 November 2014
Insurance
Around 80 percent of delegates at this year’s EAIC conference in Taiwan believe that reinsurers should support insurers in the development of new insurance products. 4 November 2014
Insurance
The impact of historical catastrophe events on the market and the impact of new claims relating to events such as cyclone in India and snowstorm in Japan have been a big topic of conversation at EAIC, Michel Blanc, chief underwriting officer—treaty, global P&C, Asia Pacific for SCOR, told EAIC Today. 4 November 2014
Insurance
Opportunities for growth in the east of the Asia Pacific region will ultimately be driven by the forecast acceleration of the economy in that region, Kent Chaplin, Lloyd’s head of Asia Pacific, told EAIC Today. 4 November 2014
News
Rapid economic development, population growth and urbanisation, along with increasing insurance penetration, mean that over time there will be significant opportunities for insurers in Asia Pacific, George Attard, head of Aon Benfield Analytics, Asia Pacific, told EAIC Today. 4 November 2014
Insurance
US insurer MetLife Insurance has partnered with Steadfast, the largest network of general insurance brokers in Australasia, to extend MetLife’s group life cover. 3 November 2014
News
The Asian reinsurance markets are very much on the agenda of Qatar Re, but conquering such a big and diverse region will not be easy and also presents many challenges, Johannes Goebel, head of engineering, Qatar Re, told EAIC Today. 3 November 2014
Insurance
Asian insurers’ credit profiles are stable, despite the persistence of a low interest rate environment, in view of enhanced profitability and still strong premium sales, Moody’s Investors Service has said. 3 November 2014
News
Delegates at this year’s EAIC conference in Taiwan are apparently undecided on whether cedants in the region will cut their reinsurance panels in the 2015 renewals, according to a poll conducted by PartnerRe from its booth at the event. 3 November 2014
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