Philippines want to emulate the Caribbean Catastrophe Risk Insurance Facility in Asia

Countries in Asia have been discussing the possibility of creating a disaster and catastrophe insurance pool for the region for a number of years. One of the leading voices has been the Philippines, as a country particularly exposed to climate, weather and natural disasters, who have been investigating possible solutions read the full article →

Reinsurers increasing discipline in Asia after catastrophes, capital markets could benefit

The high catastrophe losses experienced in Asia in recent years, which reached a peak in 2011 after the Japanese earthquake and tsunami event and the flooding in Thailand, are prompting reinsurers to become more disciplined in the region. Reinsurers have been prompted to look closely at their portfolio and to read the full article →

For catastrophe bond market to expand investors must be convinced risks are understood

Ratings agency Fitch have published an article which looks at the huge catastrophe events in Asia during 2011 and focuses on the challenges faced by the industry when making accurate loss estimates for events such as the Japan and New Zealand earthquakes and floods in Thailand. Fitch says that these read the full article →

Asian Development Bank looking at catastrophe bonds for the region

The increasing incidence and impact of natural disasters and severe weather events in Asia is an important topic for the reinsurance and risk transfer markets. As development of infrastructure in Asian nations continues apace, incomes increase more quickly and insurance penetration grows the amount of exposure in the region is read the full article →

Asia Pacific accounts for two-thirds of worlds insured catastrophe losses

The Asia Pacific re/insurance market accounted for two-thirds of the world's insured catastrophe losses during the first three-quarters of 2011 according to a new report from Guy Carpenter. It's a record share of the world's insured losses and demonstrates both the exposure to catastrophe events in Asia Pacific and the read the full article →

Asian monsoon a growing risk. Economic losses near $7 billion in 2011

Aon Benfield have published their Monthly Cat Recap Report for September which is put together by their Impact Forecasting catastrophe modelling and analysis arm. The report takes a look at the major natural catastrophe and weather events around the globe during the last month and puts economic loss figures on read the full article →

Microinsurance beginning to show huge potential for growth

Microinsurance is beginning to show the potential for growth that market participants and commentators have been predicting. At the heart of that growth is the provision of weather index linked insurance to farmers and businesses in developing countries. The managing director of Africa Reinsurance Company Limited, Nigeria, Bakary Kamara, stated last read the full article →

As insurance penetration rises, cat bonds become more relevant for Asia Pacific

To date the catastrophe bond market has not really taken off in Asia. There have been a number of transactions which have included Japanese quake and typhoon risk (such as Fhu Jin Ltd., Midori Re, Fujiyama Ltd. and the Atlas Re series a portion of which cover Japanese risks). However read the full article →

East Asian Insurance Congress discusses insurance pools and microinsurance

Two topics discussed at the recent 25th East Asian Insurance Congress are of relevance to us and our audience. The congress was attended by more than 1,300 delegates from 40 countries across the world and they got together to discuss the issues within the insurance and reinsurance industry that impact read the full article →

Prepare for Asian ‘Supercats’ Aon tells insurers

Aon Benfield is warning insurers in Asia that they need to prepare for future 'Supercat' events of the size and magnitude of those experienced in the U.S. A supercat is defined as an event which generates an insured market loss of at least $10b. In Asia, a loss like that is read the full article →