SIRC: Taiping Re sees more substantive discussions around deductibles, expanded coverage options, frequency protections
November 6 2025 by Mithun Varkey
Taiping Re’s focus remains on maintaining underwriting discipline, improving client service capabilities and supporting its partners with comprehensive innovative solutions, according to CEO Yu Xiaodong, as the Hong Kong-based reinsurer anticipates continued market softening mainly driven by abundant capacity.
The company’s underwriting and analytics teams suggest that despite increasing climate-related losses, the reinsurance market continues to experience sufficient capacity across most regions.
“This environment has led to more substantive discussions around deductible levels, expanded coverage options, and frequency protections,” Yu said.
Casualty lines are expected to maintain relative stability compared to other segments, while cyber risks require increasing attention due to rapid technological advancement and widespread digital adoption across industries.
In the near term, Taiping Re observes that cedents are particularly concerned about managing reinsurance costs for loss-affected programmes, ensuring capacity reliability amidst current market volatility, and navigating geopolitical uncertainties.
“Longer-term considerations include the sustainability of reinsurance business models in the face of climate change, proper utilisation of alternative capital, and adapting to regulatory shifts across different jurisdictions,” Yu added.
The company’s regional expertise remains a key advantage.
“The company maintains a positive growth trend while providing strategic insights into the evolving market. This year marks the company's 45th anniversary. We believe that sustainable partnerships create more value than short-term market advantages.”
Yu Xiaodong, Taiping Re
Taiping Re has solidified its market position through 10 years of specialised initiatives supporting emerging sectors such as the low-altitude economy (LAE), intelligent connected vehicle (ICV), cyber security, the Belt and Road Initiative and Greater Bay Area infrastructure development, where it provides technical expertise and insurance solutions.
Taiping Re, the global reinsurer headquartered in Hong Kong, said it continues to demonstrate resilience and long-term partnerships in a dynamic market environment.
“The company maintains a positive growth trend while providing strategic insights into the evolving market. This year marks the company’s 45th anniversary. We believe that sustainable partnerships create more value than short-term market advantages.”
Innovation continues to drive Taiping Re’s value proposition, Yu said.
The company issued Asia’s first dual-peril, dual-trigger catastrophe bond and is improving risk assessment capabilities on flood risk in Hong Kong and Macau through collaborations with universities in the region, providing clients with real-time catastrophe risk analysis in response to Super Typhoon Ragasa.
Its AI intelligent life risk assessor platform, covering over 2,000 diseases, represents another technological breakthrough, utilizing large language models to enhance underwriting efficiency through natural language processing.
In the cyber domain, Taiping Re China, Taiping Re’s subsidiary in the Chinese Mainland, has established a “cyber insurance innovation lab” and is developing proprietary pricing models while participating in pilot schemes led by China’s Ministry of Industry and Information Technology.
“The company also leads in ICV research, holding a national patent for autonomous vehicle risk modelling and publishing ICV Insurance Innovation White Papers. Building on its collaboration with leading Chinese Mainland automotive manufacturers, the company worked with industry peers to develop autonomous driving insurance products,” Yu added.
Looking ahead, Taiping Re remains committed to supporting cedents through tailored solutions, flexible terms, and its client-centric service, which combines advanced analytics with deep market understanding to address both traditional and emerging risks.
Through consistently strong performance and continuous innovation, Taiping Re continues to reinforce its position as a trusted partner in the global reinsurance landscape, capable of navigating market cycles while contributing to industry development and social resilience through its comprehensive risk solutions.
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