Swiss Re: Asian insurance markets to outgrow global markets in 2023Non-life premiums across emerging Asia – excluding China – will expand by 6.6 percent in real terms over the course of 2023, while advanced Asia is set for an uptick of 1.4 percent for the same period, according to Swiss Re.
Asia Pacific property premiums forecast to top $141bn by 2027Property premium volume across the Asia Pacific region is expected to expand at a compound annual growth rate of 11.3 percent over the next five years, according to a report by GlobalData.
Climate change: Risks and opportunitiesGuy Carpenter’s Stella Geng on steps reinsurers can take to address climate change impacts.
ILS in APAC: A growth story in the makingAon Securities’ Jordan Brown and Yusuke Kikuchi provide an update on the developments taking place around ILS in Asia Pacific.
Supporting sustainability through impact investmentsQBE’s chief partnership officer Jamie Cook examines how impact investments can achieve measurable outcomes.
Claims efficiency a key part in bridging Asia’s protection gapCrawford & Company’s Andrew Bart on the role the claims management sector can play in helping narrow the protection gap.
Early consensus around low single-digit rate increases as market steps up sovereign risk focusEarly projections suggest 1.1 property cat renewals across the majority of Asia Pacific markets will likely see risk-adjusted rate increases in the low single-digit range, amid expectations that most of the “heavy lifting” has been done at 2023 renewals.
Market dynamics shift in South and Southeast Asia as reinsurers re-examine cat exposuresPricing is set to continue to harden across South and Southeast Asia at the upcoming 1 January renewals, amid concerns around the projected rise in loss costs associated with increased exposures, according to Peak Re’s Jasmine Miow.
Finding the right balanceWelcome to the first of The Insurer’s daily editions from this year’s Singapore International Reinsurance Conference.
GC: Cat bonds and parametrics gaining traction in Asia PacificClimate change, capital management and the changing nature of risk are set to be the dominant trends across Asia’s insurance landscape in 2024, according to Guy Carpenter’s regional CEO Tony Gallagher.
Doksuri flooding leads Asia cat loss bill as claims fall in AustraliaAsia continued to see one of the largest disparities between economic and insured losses during the first nine months of 2023, with Gallagher Re estimating the region’s protection gap at 94 percent for the period.
Addressing volatility in a heightened inflationary and interest rate environmentGuy Carpenter’s Blake Dimitrijevic on the challenges posed by high inflation and interest rates.
Navigating the “higher for longer” forecast for APAC inflationGiven the expectations of ‘stickier’ inflation dynamics in Asia Pacific, what proactive measures and reinsurance strategies should insurers be looking to pursue? Hui Yen Tai and Yuan Tian explore the challenges and opportunities.
The pandemic’s reinsurance legacyAxis Re’s Cyril Caillo reflects on the lasting impacts of Covid-19 on accident and health reinsurance.
View from the topAndy Marcell, CEO of Risk Capital and CEO of Reinsurance Solutions at Aon, talks about why he is excited by the progress being made in Asia Pacific.
New horizons in SingaporeJulian Franzman, executive director and head of marine, cargo and stock throughput (Asia Pacific) at Howden, explains how he and his team are building something exciting in Singapore.
Growing importance of sustainable cat capacity for Japanese typhoon risksPerils’ Darryl Pidcock discusses the importance of sustainable cat capacity for the Japanese insurance market,
Pushing boundaries with satellite technologyICEYE’s Kohei Watanabe on how Japan’s 2017-18 floods have provided lessons on how satellite technology can enhance the response to major events.
Guy Carpenter: Rate cycle has likely peaked in Asia but retentions still risingReinsurance capacity is rebounding in Asia but remains more constrained at lower layers, according to Guy Carpenter’s Asia Pacific CEO Tony Gallagher.