Global fragmentation is redrawing Asia’s risk map, SIRC panel warns

The insurance and reinsurance industry is confronting a world of geopolitical tension, rising costs and intensifying climate-related losses. Yet the message from the panel discussion “From Globalisation to Fragmentation: Redefining Risk in the Next Decade” on the second day of the 2026 SIRC Conference in Singapore was not one of retreat. Instead, the panellists argued the industry has room to adapt and support growth.