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India tipped for rapid insurance growth

Asia Pacific04-11-2014Insurance News, Reinsurance News

With penetration in the Indian insurance market extremely low at just 0.8 percent, the area offers great potential for insurers and reinsurers and, as with China, the country is expected to bring significant growth rates over the coming years.

PARIMA: uniting risk managers in Asia

Asia Pacific04-11-2014Insurance News

There is considerable scope for elevating the profession of risk management in Asia, both in terms of the way companies view the value and importance of the role and also in terms of the training opportunities available to risk managers.

SCOR: a client-focused approach in Asia

Asia Pacific04-11-2014Insurance News

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.

Reinsurers should support insurers: EAIC

Asia Pacific04-11-2014Insurance News, Reinsurance News

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.

Cat models an art not science in Asia

Asia Pacific04-11-2014Insurance News, Reinsurance News

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.

Asian insurers benefit from global expertise

Asia Pacific04-11-2014Insurance News, Reinsurance News

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.

MetLife partners with Steadfast in Australia

Asia Pacific03-11-2014Insurance News

US insurer MetLife Insurance has partnered with Steadfast, the largest network of general insurance brokers in Australasia, to extend MetLife’s group life cover.

AJG acquires another US broker

North America03-11-2014Insurance News

Arthur J. Gallagher has acquired insurance broker Insurance Associates, located in Boulder and Estes Park, Colorado.

Marketform hires DUAL underwriter

Europe03-11-2014Insurance News

Specialist Lloyd's underwriter Marketform has appointed Beth Whybrow as an underwriter in its financial lines division led by class underwriter Ian West.

American Overseas acquires founding shareholder

Bermuda, North America03-11-2014Insurance News

American Overseas Group has acquired Orpheus, the former principal shareholder of the business.

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