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Industry finds hope in the recommendations!
It looks like happy days are here again for the reinsurance fraternity in India, as the Reinsurance Expert Committee (REC) has recommended that after GIC Re, insurers should be allowed to obtain the best terms simultaneously from Indian reinsurers, foreign reinsurance branches, Lloyds India and cross-border reinsurers that satisfy eligibility criteria.

Source : AIR | 01 Jan 2018
Belt and road initiative: Expansion has its challenges
China is expanding into new territories while developing new products and services. We spoke to Mr Wise Xu of Willis Towers Watson, China to understand the changing nature of risk.

Source : AIR | 01 Jan 2019
Hong Kong unrest and rising political risks
We spoke with Willis Towers Watson’s Stuart Ashworth about how the insurance sector is responding to the developing political risk scenario in Hong Kong.

Source : AIR | 01 Jan 2020
Insuring foreign direct investment
Even though the political risks & trade credit insurance is growing in Asia, Mr Alexander Holcroft of Markel says the product is still under-penetrated in the region and insurers need to work closer with clients to ensure their needs are met.

Source : AIR | 01 Nov 2017
Emerging risks to keep an eye on
The political risk sector today is uncertain. For most people, the situation can be distressing and lead to rash decisions. Yet, for (re)insurance companies specialising in Political Risk and Trade Credit, this uncertainty is their daily business. Mr Gregory King-Underwood from Guy Carpenter elaborates.

Source : AIR | 01 Nov 2017
Echo Re targeting more Asian business
Dr Peter F Hugger is the man at the helm of Echo Re since February 2012. Having spent a considerable part of his 30-year professional life in Asia, with some of the top names in the reinsurance business, he is now ready to chart a new course for Echo Re in Asia, where the company already has a big presence and where he believes lies the opportunity for international players like his. He speaks to Asia Insurance Review on his new plans and strategy for the region, and the future ahead for his company.

Source : AIR | 01 Dec 2017
Nepal: New companies add lustre to market
The Finance Ministry of the government of Nepal granted operating licences to nine new life insurers and issued letters of intent to three non-life insurers which created a huge buzz in the market. Some of these companies have been waiting for almost a decade for approval from the government and this move has been seen as a bold step which experts believe will increase insurance awareness and penetration across the country. We speak to two senior level executives from the industry on the state of the market and the way ahead for the industry.

Source : AIR | 01 Dec 2017
ILS potential within Belt and Road Initiative
Asia Insurance Review spoke with ECIS-focused Bermudian ILS specialist Phoenix CRetro chief executive Kirill Savrassov about insurance-linked securities as a risk transfer option for BRI.

Source : AIR | 01 Feb 2019
Malaysia: Non-life market to see continued subdued growth
The general insurance sector has continued to be resilient in 2017, posting a 0.1% decrease in GWP to MYR17.65 billion (US$4.5 billion) for 2017, helped by positive growth in the second half of the year.

Source : AIR | 01 Mar 2018
Look out for these what-if scenarios - WEF's 10 potential future shocks
The growing complexity and interconnectedness of our global systems can lead to feedback loops, threshold effects and cascading disruptions. Sudden and dramatic breakdowns – future shocks – become more likely, according to the Global Risks Report 2018 published by the World Economic Forum.

Source : AIR | 01 Mar 2018
Political risk landscape to remain turbulent in 2018 - Marsh
Political risk will remain a major concern for multinational businesses in 2018, driven by events including the North Korea missile crisis, ongoing Brexit negotiations, and trade protectionism, according to Marsh’s Political Risk Map 2018.

Source : AIR | 01 Apr 2018
Thai takeaway: Chinese entrée
Before long the street markets of Asia will have vendors selling tee shirts printed with one of the Belt and Road Initiative graphics that have graced every newspaper and magazine in the region since they were first photoshopped. But what does BRI in Thailand mean for insurers?

Source : AIR | 01 Jun 2018
Emerging geopolitical risks a top threat to financial markets - Swiss Re
Emerging geopolitical risks are the top threat to financial markets, and one of five top emerging risk themes identified as posing the largest challenges globally in this year’s Swiss Re SONAR report.

Source : AIR | 01 Jul 2018
Belt and Road Initiative: Opportunities and risks
China’s Belt and Road Initiative will bring the global economy enormous growth and investment opportunities, estimated by Swiss Re to be worth an additional $23bn in commercial insurance premiums by 2030. However, BRI projects also bring with them risks. The first-ever Insurance Summit on BRI organised by Asia Insurance Review saw experts discuss these issues.

Source : AIR | 01 Aug 2018

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