asia pacific


Need for reinsurance grows in APAC after catastrophes & COVID-19: S&P

Insurers operating in the Asia Pacific region need increasing amounts of reinsurance protection following a series of costly catastrophe years and the COVID-19 pandemic, but they should look broadly at both traditional and alternative forms to secure the most efficient protection in the hardening market environment, according to rating agency read the full article →

Growth in non-traditional ILS sponsors a reasonable expectation: Paul Schultz

Paul Schultz, Chief Executive Officer (CEO) of Aon Securities, expects to see different types of sponsors increasingly enter the insurance-linked securities (ILS) marketplace in Asia and also around the globe. Delivering a keynote at the virtually held Artemis ILS Asia 2020 conference, Schultz explored the history and evolution of ILS in read the full article →

ILS an instrumental part of solving Asia’s protection gap: Schultz, Aon Securities

The trend of insured against uninsured losses across the Asia Pacific region is not sustainable, and the insurance-linked securities (ILS) market will need to play an integral role in addressing the issue, according to Paul Schultz, Chief Executive Officer (CEO) of Aon Securities. The Asia Pacific region is extremely vulnerable to read the full article →

Asia Pacific ILS & catastrophe bond limits on the rise: Guy Carpenter

Insurance-linked securities (ILS) and catastrophe bond limits at risk of losses in the Asia Pacific region continue to expand, according to reinsurance broker Guy Carpenter, which results in increasing global diversification opportunities for the ILS investor base. The Asia Pacific region has always been seen as the most likely source of read the full article →

RMS expands Asia Pacific model coverage, enhances U.S. hurricane & specialty

Catastrophe risk modelling specialists RMS have launched version 18 of their risk model suite, brining with it a raft of additions and expansions, particularly in the Asia Pacific region where new perils have been added including a focus on flood risks. V18 is the latest incarnation of RMS' catastrophe risk modelling read the full article →

Vast capacity for Asia reinsurance market to grow: Fitch

Asia’s reinsurance markets have the potential and scope for strong growth as risk-awareness and demand for reinsurance coverage spikes in the region, coupled with a significant protection gap and the region’s high exposure to losses from natural catastrophes, according to Fitch Ratings. Asia has fast become one of the most rapidly read the full article →

Asian countries continue to develop catastrophe re/insurance markets

Countries across Asia continue to develop, or pursue the development of, functioning catastrophe insurance and reinsurance markets, which is a positive sign for global reinsurers and the insurance-linked securities (ILS) market. Countries across Asia are some of the most natural disaster exposed in the world, but at the same time have read the full article →

Asia flooding highlights opportunities for catastrophe bonds and ILS

Flood risks across the Asia-Pacific region are receiving an increased focus, as reinsurance and ILS markets look to find new opportunities to put capacity to work. Analysis and developments in risk models clearly show the need for more capacity to target this peril. Following the unprecedented floods that devastated Thailand for read the full article →

Asia-Pacific regional reinsurers better positioned to withstand pressure: S&P

Regional reinsurance firms in Asia-Pacific are expected to be able to withstand global competitive pressures, such as increasing reinsurance capacity and pricing pressure, better than peers in Central and Eastern Europe, the Middle East, and Africa (CEEMEA). Ratings agency Standard & Poor's says that it believes that regional reinsurers located in read the full article →

Pacific Catastrophe Risk Insurance Pilot makes first payout

The Pacific Catastrophe Risk Insurance Pilot, which provides parametric insurance cover for tropical cyclone (typhoon) and earthquake, including tsunami, risks to a group of Pacific Islands, has made its first payout to Tonga after cyclone Ian. The World Bank announced today that Tonga will receive an immediate payout of US $1.27 read the full article →