Singapore’s deputy PM to deliver SIRC keynote

October 29 2020 by InsuranceAsia News Staff
(c) Nick Ferguson

Singapore’s deputy prime minster, coordinating minister for economic policies and minister for finance, Heng Swee Keat will deliver the keynote address at this year’s SIRC.

He will be speaking at the launch of the new Global-Asia Insurance Partnership (GAIP). The GAIP, an insurance risk management platform designed for Asia, has been in the pipeline for over a year and has been backed by some major players including AIG, Aon and Swiss Re.

The ‘SIRC 2020 Re-Mind,’ the 17th annual SIRC, is set to take place (virtually) next week from November 2 to 5. The event is co-hosted by Swiss Re and set to welcome 750 attendees from 36 countries.

Marc Haushofer, chairman of the Singapore Reinsurers’ Association (SRA) and chief executive Asia Pacific of Validus Re, commented: “The Covid-19 pandemic has thrown a daunting challenge at all of us, but I believe as a community and an industry, we have demonstrated inventiveness and resilience in evolving and transforming our existing business models to create more sustainable solutions for the future.” 

Market leaders will also be speaking, including Dennis Kessler, chairman and chief executive of Scor, who will contribute an additional keynote reflecting on the market response to the pandemic.

Group chief executive of Swiss Re, Christian Mumenthaler, is lined up to share his perspectives on the post-Covid risk landscape, sustainability and partnerships in a fireside chat. 

Panel session topics will touch on digitalisation in a post-pandemic world, de-risking global supply chains and managing climate risks. Ratings agency AM Best will also host its insurance market briefing, featuring their analysts from across the region.

20 reinsurance majors have partnered for the SIRC virtual conference, including Allianz Re, Axa XL, Lloyd’s, Munich Re, Partner Re, Scor and Swiss Re.

Russell Higginbotham, chief executive reinsurance Asia and regional president at Swiss Re Asia, added: “Even though we live in a different world today than a year ago, we should not change our fundamental human desire to explore, adapt, and innovate. Swiss Re has decided to co-host this year’s SIRC because we believe in the power of working together to move forward.”

Partner Content