Asia reports lower than average economic losses due to perils in H1 2024: Gallagher Re
July 18 2024 by InsuranceAsia News
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Market dynamics positive despite geopolitical, climate risks headwinds
- July 18
Severe weather events, projected to rise by 5-7% every year, geopolitical unrest, and supply chain disruption are the main systemic perils that put pressure on the insurers, according to SwissRe Corso CUO Kera McDonald.
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GIAJ calls for revision of reserve rates for fire insurance policies
- July 16
A review of catastrophe contingency reserve system is critical in light of rising nat cats losses, the industry body says.
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ICNZ calls for proactive approach on climate adaptation
- July 16
The council has urged the government to take a leadership role on climate adaptation and build New Zealand’s resilience against the impact of climate change on lives and property.
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Asia carriers looking to extend renewables capacity as projects soar
- July 11
Large and complex regional projects exposed to nat cat risks could still find it hard to secure insurance as they require specialist underwriting expertise from London markets.
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Guy Carpenter | Private equity’s reshaping of the Asian life sector has further to run
PE-backed reinsurers provide access to asset classes and investment expertise that often don’t exist within the traditional carriers themselves.
