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.

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 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 opportunities for the capital markets […]

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 appointed as Managing Director and […]

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, […]

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 of losses historically coming from […]

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 and looking into alternatives such […]

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 re-evaluate their underwriting approach and […]

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 events highlight the limitations in […]

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 growing fast and solutions to […]