Swiss Re – Sonar 2018: A peek into the future?
July 6 2018
Catching emerging risks is a bit like catching fog. Some drops will turn into water nurturing new risk pools while others just evaporate as they won’t hit the ground. But all risks have the potential to impact not only the insurance industry but also society as a whole. So it’s worth looking at them carefully. Swiss Re’s latest SONAR report draws on the company’s unique in-house risk management expertise to chart the progress of evolving risks that could spell both opportunities and dangers for the insurance industry in the future.
Growing geopolitical tensions, the re-emergence of the asbestos threat, cyber risks and new technology, biased algorithms and the erosion of risk diversification are just some of the key themes identified in this year’s SONAR report.
Fast developing technologies can also have broader implications for our general wellbeing. They can exacerbate sleep deprivation, undermine human skills or have both beneficial and negative impacts as in the case of cryptocurrencies. These are some of the additional emerging risks discussed in this publication.
-
AIG’s McMurdo to join Steadfast MGA as CUO personal lines
- August 20
The move comes as the broking group's MGA division acquires AIG's HNW home and contents portfolio.
-
QBE’s Hammond on transformation and growth
- July 2
The Asia chief executive discusses Covid-19, going digital and restructuring.
-
Swiss Re: Nat cats and man-made disasters in 2018
- April 10
Climate change, increased urbanisation and a growing concentration of assets were on the risk agenda for 2018.
-
Willis Towers Watson: 2019 Asia Market Report
- March 19
Economic uncertainty, more complex risks and tighter underwriting are all influencing Asia's markets.
-
AXA XL | Low and no-cost cybersecurity actions for companies
Considering the increasing frequency of attacks, the evolving threat landscape, including the use of AI to launch more sophisticated attacks, companies today can’t afford to ignore the possibility of being targeted by cybercriminals.
-
BHSI | Managing non-Asian exposure in long-tail lines
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
-
Sedgwick | To Handle CAT Claims Well, Multi-Step Preparation is Key
When it comes to risk, it’s not a matter of “if” it’s a matter of “when” an event will occur.
-
HSBC Asset Management | Is it time to relook at Asian currency bonds?
With diversification and performance high on investors’ agendas, it seems a good time for global portfolios to revive allocations in Asian local currency bonds – including Hong Kong dollar (HKD) bonds.
