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- April 26 2024
Opinion: European regulator’s climate conundrum poses questions for South-East Asia’s risk mitigation
Excluding high-risk areas from coverage does not provide a viable solution, as all actors need to work together to address climate risk, including the P&C sector, governments and society.
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- April 22 2024
MGA-led capacity set to enter APAC upstream energy market
Further capacity from both new underwriting agencies and existing carriers that have set up new ESG vehicles is expected to enter the energy market this year, according to the latest analysis by WTW.
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- April 8 2024
More dedicated specialist energy capacity pivotal for Asia risks
Although fac capacity is growing, there is still further need for complex areas such as offshore wind and nuclear risk, Aon’s Geoffrey Lambrou says.
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- April 1 2024
Opinion: Baltimore marine disaster serves as potent warning for Asia marine market
With rates sure to correct for the multi-billion dollar loss from the event, the region has more at stake with mega-vessels concentrating trade into fewer mega-ports, which can lead to potentially higher risks and mega-claims.
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- March 26 2024
Opinion: AI will tip the balance – the question is, when?
While algorithms are great at working with tried and tested data and assumptions, conceptualising scenarios outside the given parameters is not within their capabilities and an underwriter’s assessment is still needed.
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- March 14 2024
Japan’s latest rocket launch loss unlikely to hit international markets
The space (re)insurance market that suffered a bruising 2023, with a heavy loss experience that ripped through its premium base, spared the claims from the failed experimental launch.
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- March 7 2024
Australia’s US$1.3bn Asean push puts insurance high on the agenda
The SEAIFF will provide loans, guarantees, equity and insurance for projects that would boost trade and investment, particularly in support of the region's clean energy transition and infrastructure development.
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- March 4 2024
New capacity ‘crucial’ for Asia’s riskier nuclear property market
As Asian countries move to embrace nuclear generation in line with their net-zero goals, the region needs new insurers to tame heightened risks from nuclear property and liability, says Marsh.
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- March 1 2024
Opinion: How long will it take for Asia to bridge the nat cat protection gap?
Despite Asia constantly hitting records with the costliest catastrophes happening in the region, the sort of nat cat cover that can be bought in many economies in Asia Pacific is necessarily constrained and ineffective in the face of the growing threat from climate change.
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- February 26 2024
Asia cyber market remains unsettled over delicate issue of war exclusions
Waters remain decidedly murky for cyber (re)insurance buyers, exacerbated by misunderstandings about the exclusion language, especially around state-sponsored activity.
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- February 20 2024
Opinion: When will the Asia hydrogen market lift-off?
Underwriters have yet to catch up with the pace of investment and the billions of dollars being committed to developing the emerging energy sector.
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- February 9 2024
Chubb’s Greenberg flags up tail risks from Asian geopolitical escalations
In an earnings call following the global carrier's 'the best in the history' fourth-quarter results led by Asia, the chief executive warned of wider global implications of regional conflicts, but reassured that 'all sides are seeking stability'.
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- February 7 2024
Opinion: The Asia nuclear conundrum
Despite nuclear energy booming in all major APAC economies, the region has not yet adjusted to the new risk reality and there is a need for a capacity influx and capital markets-led solutions to cover the rapidly-changing risks.
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- February 1 2024
APRA’s culture surveys plan marks regional shift to focus on governance
Monitoring company risk culture is part of a broader ongoing sea change in the market, which is seeing a greater emphasis on both corporate governance and diversity & inclusion.
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- January 30 2024
Opinion: Climate litigation to move centre stage in Australia
Greenwashing, failure in disclosing or managing climate risks are spurring a rise in legal actions against corporations, while human rights violation claims pose litigation risks to policymakers.
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- January 19 2024
Australian carriers brace for surge in construction PI claims
As the number of builders going bust hit a multi-decade high, insurers are experiencing an increase in the frequency and severity of large construction-related professional liability claims, both for project-based cover and annual contracts.
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- January 12 2024
Asia SRCC and terrorism market seeks further protection as unrest looms
Underwriters unsettled by rising losses are looking to limit exposures with political and civil unrest risks going up in more than 50% of countries over the last 12 months.
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- December 22 2023
Asia marine market sails into choppy 1.1 renewals
The anticipation of an orderly renewals season has been unsettled by Red Sea attacks with marine war risk premiums having risen to around 0.5%-0.7% of the value of a ship this week from 0.07% in early December.
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- December 20 2023
Nexus sees continued growth in structured solutions across Asia
Challenging conditions in the treaty reinsurance market mean that cedents are increasingly looking for innovative solutions, says the MGA's Asia CEO Anthony Egerton.
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- December 12 2023
Opinion: Navigating difficult waters for the Asia D&O market
A robust commitment by the regulators to adopt a stricter approach to enforcement means that this is by no means and easy class of business to write in 2024.
