china

Risk modelling, analytics and catastrophe risk management firm RMS has been working alongside China Property and Casualty Reinsurance Company (China Re P&C) in a project seeking to reduce uncertainty in its China typhoon risk model.

Developing a system for catastrophe insurance, reinsurance and a catastrophe fund, across a country as large, diverse and affected by so many natural catastrophe perils as China, is a “very difficult project” according to the China Insurance Regulatory Commission.

A research report published by the China Development and Research Foundation (CDRF), and sponsored by global reinsurance firm Swiss Re, suggests the use of parametric triggers in insurance to provide post-disaster relief and reconstruction financing.

The first catastrophe insurance pilot program has been launched in the Shenzhen, China, as the government looks to expand penetration of catastrophe insurance covers across the nation.

Issuance of catastrophe bonds and the use of other weather-index based insurance and reinsurance solutions as tools to help China fight climate change is being called for  by its government.

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 […]

The large earthquake which struck China’s Sichuan province on the 20th of April will not result in any impact to insurance-linked securities (ILS) or collateralized reinsurance investment funds, according to the fund managers we’ve heard from. Despite causing widespread damage, killing at least 200 people and injuring more than 12,000 others, insurance penetration is so […]

There’s been an interesting development in the Chinese insurance and reinsurance market which could open the doors to third-party capital management, issuance of securities including insurance-linked securities (ILS) or catastrophe bonds, hedge fund type business models and re/insurers operating as investment managers. The China Insurance Regulatory Commission (CIRC) has announced that from February 2013 insurers […]

There has been some discussion of the potential for catastrophe bonds in China for transferring earthquake risks to the capital markets ever since the 6th Annual European Insurance-Linked Securities Conference, held by rating agency Standard & Poor’s in London last week. We attended the event but have only now had time to write down our […]

It’s that time of year again when our good friends at Environmental Finance announce the winners of their annual awards for companies and deals within the sectors their magazine and website covers. Of particular interest this year is their selection for the Weather Risk Management Deal of the Year. The winner is a weather risk […]