Estimating the risks from all perils and making sure that for each peril all its collateral damages are assessed are a challenge, more so as is the case in India when flood, one of the major perils affecting the country, is not modelled, says Dr Mohan Sharma, Head of Catastrophe Modelling and Analytical Services, Asia, Aon Reinsurance.
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Allianz Re highlights four key macro trends that have changed and shaped the risk landscape for (re)insurers in Asia and discusses how these issues will impact the industry.
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There has never been a more challenging or crucial time for insurers than now, in the wake of stiffening competition around the world, and increasing calls for regulatory compliance. 3i Infotech explains how the ability to manage risk effectively is not only about reducing uncertainty and losses but also about the ability to utilise and allocate capital efficiently.
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China, India and Southeast Asia make the most attractive global destinations for mergers and acquisitions (M&As), but executives view investing in them nearly as risky as doing so in Africa because of questionable business practices, as well as problems with the local intellectual property body and inadequate financial recourse against sellers.
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