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Insurance
Indranee Rajah, Singapore’s minister in the Prime Minister’s office and second minister for finance and education, highlighted the environment and politics as two headwinds that the re/insurance industry is Asia is facing. 31 October 2019
Insurance
Gross domestic product growth is outstripping insurance growth, the protection gap is widening and insurance coverage is not keeping pace with rising risks, but there are reasons to be optimistic about the future importance of re/insurance, according to panellists in the “Reshuffling the Industry” panel discussion at the Singapore International Reinsurance Conference yesterday. 31 October 2019
Insurance
The world is less resilient than it was 10 years ago and in insurance markets protection gaps are at record levels; they are at their largest in Asia, at more than $300 billion. Narrowing these is positive for the re/insurance industry as well as for macro stability. 31 October 2019
Insurance
Many Asian markets are “immature” in terms of using cat modelling, and a lot of it has to do with the quality of data. 31 October 2019
Insurance
AXIS Re has ambitions to be in the top 10 of the biggest global reinsurers and its chief executive officer Steve Arora sees progress towards that goal. 31 October 2019
Insurance
Talal Al Zain, group CEO of Trust Re, said the reinsurer is in a position to go back to the rating agencies to regain its credit rating after it was withdrawn at the end of 2018. 31 October 2019
Insurance
It’s important for the re/insurance industry to stay ahead of the curve when predicting losses, learning from previous events that have been underestimated, Sharon Ooi, Swiss Re’s managing director, head of property & casualty underwriting Asia-Pacific, told SIRC Today. 31 October 2019
Insurance
Insurance has never been more central to society than it is today, according to Dominic Christian, global chairman, Reinsurance Solutions at Aon. 31 October 2019
Insurance
Asia Pacific re/insurance markets are seeing accelerated liberalisation and cross-jurisdiction collaboration develop further as rating agencies and regulators evolve to keep up with the rapid pace of change in the region, according to research from Aon. 31 October 2019
Insurance
The Investment, Risk & Reinsurance (IRR) segment of Willis Towers Watson (WTW) saw revenue rise to $325 million in the three months to September, an increase of 2 percent, and 5 percent in constant currency terms, from $317 million in the prior-year third quarter. 31 October 2019
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