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Mark Anthony Nathan
Granted digitization is way forward but as risk carriers we need to be mindful that such strategy would be dependent on sales generated. If this continues to be less significant as opposed to other sales channels, carriers will not invest hugely until there are such real and emerging trends in Asia.
07 April 2015
“For the last 10 years, rates in the region have been on the decline across various commercial and specialty lines including aviation and energy. Throw into the mix the rising costs of intermediation and compliance, and all these factors have combined to undermine regional P&Ls and are proving to be challenging for non-life insurers. This is the new reality in Asia”
- Mr Marc Breuil, Regional President Asia, Berkshire Hathaway Specialty Insurance