asia pacific

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.

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.

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).

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.

Capital from alternative and third-party sources as well as the insurance-linked securities (ILS) sector may not yet be making huge waves across Asia but it is firmly on the radar of attendees at the 12th Singapore International Reinsurance Conference this week.

As reinsurance industry executives meet in Singapore this week for the 12th International Reinsurance Conference, a report published by reinsurance broker Guy Carpenter shows that both supply and demand for catastrophe reinsurance in the Asia Pacific region are at a high.

The world’s largest reinsurer Munich Re has published some interesting data and insight into just how much growth the insurance and reinsurance markets will see in the Asia-Pacific region in the future. This is a topic we have written about many times, that as regions of the world develop more rapidly the need for re/insurance […]

The insurance and reinsurance-linked investing space is always going to be on the look out for two things as it grows. Firstly, where extra capacity will come from to satisfy the demand of institutional investors from the capital markets who want to put money to work in the insurance, reinsurance and catastrophe risk space. Secondly, […]

The Asian Development Bank has published a report today on the topic of climate change, adaptation and the expected surge in migration that the variations in our climate will likely cause. The report, titled Addressing Climate Change and Migration in Asia and the Pacific, highlights that 42 million people in the region were displaced by […]

Reinsurer Munich Re has published a review of the natural catastrophe loss event which impacted around the globe during 2011. According to their data, 2011 insured catastrophe losses reached $105 billion, beating the previous record losses of 2005 which Munich Re recorded as $101 billion.