Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 30 n° 328

Regulatory Changes and Growth Set to Boost Reinsurers’ Share of Asia Risk

Posted by fidest press agency su venerdì, 9 novembre 2018

In this episode of A.M.BestTV, attendees at the annual Singapore International Reinsurance Conference (SIRC) said market growth, combined with regulatory changes that emphasize solvency standards, should raise the amount of insurance premiums collected in Asia that is ultimately ceded to reinsurers. Click on http://www.ambest.com/v.asp?v=sirc21118 to view the entire program.The hot topic at this year conference in Singapore: how to increase reinsurance growth in Asia, which contributes less than 30% to the world’s insurance premiums and less than 15% to the entire reinsurance industry.“The ones that represent the most potential are the markets that show the biggest economic growth,” said William Ho, head of reinsurance, Asia, MS Amlin. “That is where the potential is and is why so many of us reinsurers and insurers are trying to grow in this region.”Jayne Plunkett, chief executive officer, reinsurance, Asia, Swiss Re, believes that China will be the area that will offer the most growth.“I think we will see most of the growth coming from China,” she said. “Part of that reason is because the regulator in China has a very disciplined and proactive approach about building the marketplace around liability, agriculture and health.”

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