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 →

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 →

Reinsurance & ILS focus to shift alongside insured windstorm exposure

Cities in the Asia-Pacific region will become the dominant source of global insured windstorm exposure by the year 2070, as rising asset values, growing insurance and reinsurance penetration and rising populations in tropical storm hot spots change the risk landscape. Windstorm activity accounts for roughly 40% of global natural hazard losses 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 →

RMS economic exposure data shows risk transfer potential in Asia

One of the world’s leading catastrophe risk modelling firm’s, RMS, has announced the release of a new Economic Exposure Database and Industrial Clusters Catalogs for the Philippines, South Korea, Taiwan, Thailand and Vietnam. The new database will enable insurers, reinsurers and insurance-linked securities (ILS) managers or specialists to understand and develop read the full article →

Climate change could slash South Asian economy by 9% a year

A recent report has stressed the impact that climate change and an expected increase in severity and frequency of natural disasters will have on Asia, claiming it could slash almost 9% off the South Asian economy each year. The report, titled ‘Assessing the Costs of Climate Change and Adaptation in South read the full article →

Opportunities for ILS and collateralized as reinsurance market grows in Asia

The reinsurance market in Asia has significant room for growth given the relatively low level of insurance penetration across the region, according to a report from Fitch Ratings. However risk awareness is increasing, demand for reinsurance from direct insurers in the region is growing and this will naturally lead to read the full article →

Willis seeks to grow re/insurance capital markets activity in Asia with new hire

Global insurance and reinsurance broker Willis Group is seeking to increase its activity in the Asia regions capital market and investment banking focused segment of the re/insurance markets with the announcement of a new hire to its Willis Capital Markets & Advisory (WCMA) division. Effective immediately, Michael Guo has been read the full article →

Peak Re points to Asia as a growth area for reinsurance-linked investing

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 read the full article →

Asia the dominant source of insured natural catastrophe losses in recent years

It's generally assumed that insured losses from natural catastrophes tend to be driven by the regions of the world with the highest insurance uptake and property catastrophe insurance exposure. Hence the long-term trend shows the United States as the dominant source of insured natural catastrophe losses, with more than three-quarters read the full article →