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Updated: 57 min 10 sec ago

Allianz sees success as it grows Asia footprint, says Asia-Pacific CEO, Mark Mitchell 

31 October, 2019 - 16:10
Four or five years ago Allianz’s footprint in Asia was “pretty limited”, Asia-Pacific CEO Mark Mitchell told SIRC Today, saying it started out with branches in Japan, Hong Kong and Singapore.

Re/insurance to grow in importance in the future, SIRC 2019 panel confirms

31 October, 2019 - 16:08
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.

Asia Pacific sees rapid insurance market liberalisation: Aon

31 October, 2019 - 11:13
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.

Reinsurance revenue and margins grow at Willis Towers Watson

31 October, 2019 - 11:03
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.

China agricultural insurance premiums surge on government subsidies

31 October, 2019 - 10:48
China has increased its insurance premium volume more than tenfold in just a few years, according to analysis by reinsurer SCOR.

Trov partners with Suncorp for auto & mobility insurance in Australia

31 October, 2019 - 10:18
Insurtech firm Trov is partnering with Suncorp Group to launch a personal auto & mobility insurance product, which will provide coverages tailored to personal transportation preferences, in the Australian market.

Swiss Re shelves share buybacks after catastrophe losses

31 October, 2019 - 09:27
Swiss Re, the world’s biggest reinsurer, has reported a 23 percent rise in net income for the first nine month of the year, boosted by its investment division.

Markel shares rise as combined ratio falls

31 October, 2019 - 07:33
Markel shares rose more than 4 percent yesterday after the company reported a sharply reduced combined ratio and increased premiums.

Continued pressure on rates a top concern for delegates at SIRC 2019, Intelligent Insurer survey finds

30 October, 2019 - 16:16
Continued pressure on rates despite recent losses is the biggest concern for delegates at SIRC this year, according to a survey carried out by Intelligent Insurer. Some 41 percent of respondents highlighted this as a key challenge.

Insurance has a leading role to play in addressing climate emergency, SIRC 2019 delegates hear

30 October, 2019 - 16:14
The re/insurance industry is uniquely placed to address risks associated with climate change, having been assessing these types of risks for decades. However, the message delivered at the Winds of Change panel discussion the Singapore International Reinsurance Conference yesterday was a stark one: climate change is not so much a business opportunity as a threat to civilisation, and re/insurance companies that still cover the coal industry need to rapidly reassess their position.

Alternative capital expected to persist in re/insurance space, SIRC 2019 delegates hear

30 October, 2019 - 16:13
Alternative capital may have experienced some significant hits but it is set to remain a clear presence in the re/insurance space, according to panellists speaking on the first day of the 16th Singapore International Reinsurance Conference.

Asia ‘waiting to see’ on rates, says Nexus CEO Anthony Egerton

30 October, 2019 - 16:12
While rates are hardening worldwide following recent nat cat losses, it remains to be seen how strongly rates in Asia will be affected, Anthony Egerton, principal officer and CEO, Asia for Nexus, told SIRC Today.

Aon sees opportunities across an evolving region

30 October, 2019 - 16:09
Ahead of SIRC, four experts from Aon Reinsurance Solutions covering four different regions discussed where they expect growth, how their clients are coping with digitisation, regulatory developments and how the needs of their clients are changing.

Global cat: is now the time to grow?

30 October, 2019 - 16:08
As rates harden in some lines of business, Johannes Bender and WenWen Chen of S&P Global Ratings assess the strategic response of reinsurers.

APAC re/insurance industry is robust and sustainable, says Hannover Re’s Marx

30 October, 2019 - 16:07
The re/insurance industry is sustainable and profitable enough to survive in the long run, according to Michael Marx, head of Asia-Pacific for Hannover Re. Picking up on a topic raised in Tuesday’s Deep Dive panel discussion at the Singapore International Reinsurance Conference, he said that although the industry has faced challenges, particularly in Japan, he believes it is resilient.

Tokio Marine Kiln unveils flagship cyber product at SIRC 2019

30 October, 2019 - 16:06
There is plenty of opportunity in the Asia-Pacific region for Tokio Marine Kiln (TMK), the issue is accessing the right opportunities, in the right fashion.

Schroder Secquaero’s Ruoff sees ILS market challenges, but business ‘is in strong position’

30 October, 2019 - 16:05
Schroder Secquaero is in a strong position, but the market challenges are not small, creating an interesting moment for the business, according to Stephan Ruoff on his second day in the new role of deputy head of the firm.

Mapfre Re sees APAC growth with key focus on Korea market

30 October, 2019 - 16:04
Mapfre Re is growing its business in Asia-Pacific, with the reinsurer moving into new lines and developing its portfolio in new and existing countries.

ILS should be used to close the Asian protection gap, says Kenrick Law, head of Asia-Pacific at Allianz Re

30 October, 2019 - 16:00
Reinsurers should not fear so-called alternative capital. Instead, they should leverage it to lower the cost of capital and help narrow what remains a significant protection gap in many parts of Asia-Pacific.

Lloyd’s calculates a single cyber-attack on APAC ports could cost $110bn

30 October, 2019 - 11:19
A single cyber-attack that affects major ports across Asia-Pacific could cost $110 billion roughly equivalent to half of all losses from natural catastrophes globally in 2018. This is according to new research released today by Lloyd’s, the world’s re/insurance market.

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