Asia-Pacific protection gap must be a priority but risk-return mix must balance: Swiss Re

Asia-Pacific offers reinsurers a unique opportunity to grow and help solve societal challenges such as the protection gap. But it must remain level-headed about the balance of risks and potential returns, Victor Kuk (pictured left), Swiss Re’s head of P&C reinsurance for SID (Southeast Asia, India, Hong Kong, Taiwan and South Korea) told Intelligent Insurer.

“Asia is a big growth market for  Swiss Re. A number of countries are growing fast economically, and exposures are increasing. We expect emerging Asia will outgrow advanced Asia and that will drive the market conditions that we will see in the next few years,” Kuk said.