Analysis Archives - InsuranceAsia News https://insuranceasianews.com/post_category/analysis/ Mon, 14 Oct 2024 23:35:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 ‘Insurers need to take more risks’: Axa’s de Courtois https://insuranceasianews.com/insurers-need-to-take-more-risks-axas-de-courtois/ Mon, 14 Oct 2024 23:30:49 +0000 https://insuranceasianews.com/?p=164712 The deputy group CEO tells IAN that the industry needs to go against its traditional approach to risk as climate change and cyber rise as top risks for APAC.

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The deputy group CEO of Axa has said the insurance industry must take more risks if it is to play its part in the solutions to the polycrisis of risks which are affecting businesses and the wider popu...

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]]> BESS-wary markets look for leadership to bind risks https://insuranceasianews.com/gcubes-bess-consortium-aims-to-simplify-bess-claims-and-underwriting-amid-markets-hesitations/ Thu, 10 Oct 2024 23:30:52 +0000 https://insuranceasianews.com/?p=164441 Renewables specialist GCube's CEO says the market has to facilitate insurance on a more consistent approach as more projects appear around the world.

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While there is a lot of capacity for battery energy storage system (BESS), the challenge is finding carriers willing to provide lead capacity and set the terms and conditions for this type of risk, ac...

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]]> Hurricane Milton’s strength and track makes a revision of APAC renewals a near certainty https://insuranceasianews.com/hurricane-miltons-strength-and-track-makes-a-revision-of-apac-renewals-a-near-certainty/ Wed, 09 Oct 2024 23:30:01 +0000 https://insuranceasianews.com/?p=164545 Insured losses from the “catastrophic” storm is predicted to top US$60bn as it heads for populous Tampa, which will complicate the upcoming renewals.

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The sudden intensification of Hurricane Milton this week to a dangerous category 5 storm, bearing down on the Tampa Bay area of Florida, looks to cause damages “potentially matching that of Hurricane ...

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]]> Regulatory recognition key for MGAs to take off in Asia https://insuranceasianews.com/mga-growth-hinges-on-regulation-recognition/ Mon, 07 Oct 2024 23:30:54 +0000 https://insuranceasianews.com/?p=164263 Tech-enabled MGAs are gaining ground in China and climate change is spurring innovations in Australia, but their success hinges on supervisory approaches.

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The managing general agent (MGA) market in Asia Pacific holds much promise for growth, with innovative use of structures embraced by Australian underwriting agencies and insurers in China experimentin...

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]]> Carriers hop back on crypto bandwagon as local regulations, attractive rates beckon https://insuranceasianews.com/insurers-hop-on-crypto-bandwagon-as-regulations-attractive-rates-beckon/ Sun, 06 Oct 2024 23:30:22 +0000 https://insuranceasianews.com/?p=163982 While more (re)insurance providers have entered the market, the industry needs to guard against loose underwriting and opportunistic capacity.

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As more countries in Asia Pacific roll out their regulatory frameworks governing virtual asset service providers, (re)insurers and brokers that had retreated from the turbulent market after the collap...

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]]> Brokers take measured approach to crack Japan’s US$62bn premium pot https://insuranceasianews.com/brokers-take-measured-approach-to-crack-japans-us62bn-premium-pot/ Thu, 03 Oct 2024 23:30:14 +0000 https://insuranceasianews.com/?p=160854 With expectation for more intermediation, Western brokers are taking different approaches to entering the world's fourth largest insurance market.

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Global broking houses are positioning themselves to take advantage of the anticipated regulatory overhaul of in-house agencies in Japan, which is expected to open up the market for international playe...

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]]> Reinsurers’ risk insights, modelling vital to taming escalating nat cat losses: Swiss Re https://insuranceasianews.com/reinsurers-risk-insights-modelling-vital-to-taming-escalating-nat-cat-losses-swiss-re/ Tue, 01 Oct 2024 23:30:29 +0000 https://insuranceasianews.com/?p=163841 Besides providing capacity, the reinsurer's expertise and insights on risks related to climate change and renewable energy are key to its collaboration with insurers in limiting nat cat losses, says Victor Kuk.

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Reinsurers play a crucial role in helping insurers navigate the volatile risk environment as the frequency and severity of secondary perils and climate events rise, said Victor Kuk, head of P&C re...

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]]> New routes create new risks for insurers as Red Sea remains US$3tn threat https://insuranceasianews.com/new-routes-create-new-risks-for-insurers-as-red-sea-remains-us3tn-threat/ Thu, 26 Sep 2024 23:30:52 +0000 https://insuranceasianews.com/?p=163619 As longer transit time, delays, increased emissions and piracy threats plague attempts to circumvent the region, it could be transformational for the Belt and Road initiative as cargo moves to rail and air.

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Asian businesses’ attempts to circumvent the impact in trade of the ongoing attacks on merchant vessels in the Red Sea will create new risks for insurers according to one leading expert.
Suki Basi man...

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]]> Better cat data key to easing region’s growing capacity pressures: Perils’ APAC head https://insuranceasianews.com/quality-data-alternative-capital-keys-to-regions-capacity-pressures-perils-apac-head/ Wed, 25 Sep 2024 23:30:48 +0000 https://insuranceasianews.com/?p=163482 As insurance penetration and cat exposure rise in APAC, the availability of better quality data must go hand-in-hand with the growth of alternative capital sources. That leads the cat loss specialist to expand its loss data coverage in Japan & South-East Asia, said Darryl Pidcock.  

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As insurance penetration rates and catastrophe exposure continue to climb in the fast-growing APAC markets such as India and China, the need for better quality data will be as pertinent for the region...

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]]> Typhoon Pulasan exacerbates Bebinca losses in China https://insuranceasianews.com/typhoon-pulasan-exacerbates-bebinca-losses-in-china/ Tue, 24 Sep 2024 23:30:49 +0000 https://insuranceasianews.com/?p=163353 The cumulative effect of losses from both typhoons in the country, added to losses from Yagi in South China, is more serious compared with the previous two years and will naturally impact the financial performance of (re)insurers in 2024, according to loss adjusters in China.

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Typhoon Pulasan, which landed in China shortly after Typhoon Bebinca, is likely to exacerbate the losses of the latter as the both the typhoons drenched the country's financial capital of Shanghai in ...

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