Category: Opinion Page 2 / 6
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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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- 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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- 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.
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- November 24 2023
Opinion: The Asia casualty conundrum – curious case of underwriting results lagging rating
Rating uplifts in sectors such as general liability or cyber will take time to really kick in and feed into the bottom lines for carriers.
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- November 15 2023
Opinion: Government intervention key to addressing APAC’s insurability challenges
As insurers grapple with secondary perils, governments, especially in emerging Asia, need to look at prevention not cure.
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- October 16 2023
Opinion: Asian (re)insurers are waking up to a new typhoon loss reality
2023 has been a wet one across the region, while the size, intensity and frequency of windstorms appear to be increasing, especially in China.
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- October 3 2023
Opinion: Is APAC really a mature insurance market?
A healthy 12% CAGR across the bespoke and nuanced liability covers markets is a sign that the region is quickly catching up with the US and Europe.
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- September 15 2023
Opinion: Hong Kong’s insurance players should step up risk mitigation for clients and the city
While paying claims and looking after clients is the immediate priority, the market should spend more effort making sure buildings are better managed, rain or shine.
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- August 25 2023
Opinion: ‘Smart urbanisation’ is a ticking time bomb for APAC (re)insurers
Carriers are scrambling to manage high property value and cyber risks related to the growth of the digital economy and infrastructure across major APAC conglomerations.
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- August 17 2023
Opinion: India’s delayed insurance reforms will hurt growth agenda
With the much-anticipated parliamentary bill shelved, the government needs to act fast to ensure that the industry gets its due.
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- July 21 2023
Opinion: Australian flood inquiry needs to broaden scope to probe impact of state taxes, land use rules
A shortage of expert assessors, building labour and materials constraints, and the complexity of recovery and resilience programmes delivered by state governments exacerbate problems.
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- July 10 2023
Opinion: Australia’s cyclone pool helps ease pressure on cat limits
ACRP is set to assume more than 90% of the market’s cyclone exposure for household, strata and small business property policies.
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- June 28 2023
Opinion: When algorithms fail – the Australian pricing debacle
The ASIC review, which blames overreliance on technology, offers a cautionary tale for the wider (re)insurance markets.
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- June 19 2023
Opinion: AI – threat or opportunity for Asia’s (re)insurance market?
Insurers are at an early stage of AI adoption, and with the risks comes reward, so carriers should embrace the revolution without overlooking the perils.
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- June 1 2023
Opinion: Florida’s return to orderly renewals a welcome sign for APAC
Prospects of 30-40% rate hikes tempt reinsurers back to a normalised attitude towards the assumption of nat cat risk as 1.6 draws to a close.
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- May 17 2023
Opinion: Will the APAC trade credit market rise to the looming insolvency challenge?
With corporate risks expected to rise across Asia, carriers need to up their game and evolve more sophisticated methods of risk assessment.
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- April 21 2023
Opinion: Ransomware payments down under – to ban or not to ban?
Insurers suggest an outright ban on ransoms and extortion demands in data breach incidents could be a blunt, ineffective policy instrument.
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- April 13 2023
Opinion: India’s non-life players edging towards international systemic risk status
Home-spun big beasts GIC Re and New India will soon have more of an impact on the global stage.
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- April 7 2023
Opinion: Indonesia’s 1998 riots and their impact on the (re)insurance market
Peter Phillips, chief client officer South Asia at Marsh, gives his views on how the events shaped political violence and terrorism cover.
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- March 17 2023
Opinion: Lloyd’s investment losses flag risks for Asian (re)insurers
The US$3.6bn hole in the market's 2022 results and current banking turmoil show the need for carriers to revisit their portfolios and reassure investors.
