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Insurance
Primary insurance writers in Asia are exploring growth opportunities in new, longer tail business segments—but a shortage of experienced actuaries in the region may open up opportunities for reinsurers that have the relevant technical experience and can partner with insurers on writing such business. 31 October 2017
Insurance
A new earthquake and tsunami model for Japan being developed by Impact Forecasting, the catastrophe modelling development centre of Aon Benfield, will differentiate itself from other models in the region in the way it tackles earthquake occurrence probability in the Nankai Trough, a submarine trough located south of the Nankaidō region of Japan’s island of Honshū. 31 October 2017
Insurance
Flaspöhler, part of NMG Consulting, conducts an annual, global survey of brokers and insurance executives designed to illustrate reinsurers’ competitive positioning and respondents’ main concerns in a rapidly changing industry. Here, we reveal the top challenges insurance executives across Asia-Pacific revealed. 31 October 2017
Insurance
Bermuda-based Blue Capital Reinsurance Holdings reported a combined ratio of 455.7 percent for the third quarter of 2017, a significant deterioration compared to the 63.5 percent recorded in the same period a year ago. 31 October 2017
Insurance
Asian regulators are continuing to enhance and improve their regimes, and several Asian countries are adopting protectionist measures to expand their domestic reinsurance market, Christopher Han, associate director at Fitch Ratings, told SIRC Today. 30 October 2017
Insurance
The China Risk Oriented Solvency System (C-ROSS) is driving the primary insurance market to seek more sophisticated reinsurance protection and is changing reinsurance purchasing patterns. 30 October 2017
Insurance
Flaspöhler, part of NMG Consulting, conducts an annual, global study designed to illustrate reinsurers’ competitive positioning and value proposition in relation to their peers. Here, we reveal how the top reinsurers fared when brokers and insurance executives across Asia-Pacific were surveyed. 30 October 2017
Insurance
While the global reinsurance markets are reeling from the recent hurricane losses and negotiating rate hikes, Asia has not seen major catastrophe losses this year and the dynamics are very different. Competition remains fierce while regulatory change and the influence of disruptive technologies on the markets are also hot topics, as Philip Chung of S&P Global Ratings explains to SIRC Today. 30 October 2017
Insurance
Fitch Ratings has reduced the outlook for Cayman Islands-based XL Group subsidiary XL (XLIT) and its property/casualty re/insurance subsidiaries to negative after “a meaningful deterioration in capitalization” following third-quarter nat cat losses. 30 October 2017
Insurance
Eight senior figures gathered at a roundtable discussion covering the forces driving change in and shaping the London Market in the context of how insurers and reinsurers are responding. The discussion, held in partnership with DXC, covered topics including Brexit, premium shrinkage and competition from other domiciles, talent and diversity. 30 October 2017
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