Tailwinds remain stronger than headwinds: Peak Re CEO

Despite challenges that include volatility in the financial markets and increasing industry-wide cat-based losses, which are increasingly linked to climate change,  Peak Re’s chief executive officer is in a bullish mood as he considers the opportunities thanks to a large and growing protection gap, especially in its core markets across Asia.

“We see many tailwinds in demand, largely created by huge coverage gaps: in health insurance and natural catastrophes, and then you add into that the fact that economic development is much faster across Asia. This results in a significant coverage gap, which our industry is challenged to close,” Franz- Josef Hahn told Intelligent Insurer.