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AIG CEO promises ‘sense of urgency’ after big Q3 loss
Insurance
American International Group’s (AIG) chief executive Brian Duperreault said the company is working with a “sense of urgency” and “taking decisive actions across the company” as the business posted another big loss in its third quarter results.   1 November 2018
Japan typhoons expose lack of BI cover
Insurance
Two large typhoons in Japan as well as earthquakes and heavy rainfall experienced in Japan have recently revealed the growth potential for business interruption cover in the country’s commercial insurance market, Ken Motoda, president of AGCS Japan, the local unit of Allianz’s commercial insurer, told SIRC Today.   31 October 2018
Unique covers grow in China
Insurance
Government initiatives and the increasing digitisation of China are driving new risks and in turn new insurance products, Ann Chua, head of Northern Asia & operating director of Asia Pacific at AXA XL, told SIRC Today.   31 October 2018
Insurance
Through FP Marine, RKH has a significant and longstanding presence in Asia, and one of the largest marine teams in London, as Stuart Beatty of RKH Specialty Asia tells SIRC Today.   31 October 2018
Insurance
Megacities represent significant concentrations of exposure at risk from typhoons—with high population densities and often unregulated expansion—and efforts are needed to make them more resilient to natural disasters, Hemant Nagpal, managing director and specialist on Asia-Pacific models at RMS, told SIRC Today.   31 October 2018
Insurance
Attracting and retaining the best talent, and general talent management, are considered to be among the biggest issues on the agenda of re/insurers who operate in Asia-Pacific markets.   31 October 2018
Insurance
Hannover Re has a “fairly strong appetite” for Asian business and it wants to participate in the region’s potential significant growth despite the high competition in the market, Michael Marx, managing director Asia-Pacific, told SIRC Today.   30 October 2018
Insurance
Cyber insurance penetration is low in Asia, but there is great opportunity to introduce cyber products at a local level and build them out from there, Jonathan Ranger, chief executive officer of Criterion Underwriting, told SIRC Today.   30 October 2018
Insurance
Ahead of SIRC, four experts from Aon’s Reinsurance Solutions covering four different regions sat down to discuss where they anticipate growth, and how their clients are coping with digitisation, and regulatory developments.   30 October 2018
Insurance
The key to unlocking Asia-Pacific is product expertise that responds to clients’ needs—as opposed to targeting growth in a specific region, says Stuart Beatty of RKH Specialty Asia.   30 October 2018

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