Willis Towers Watson: 2019 Asia Market Report
March 19 2019
As a result of technology enhancements and increasing political and economic uncertainty, this report outlines the urgent need for insurance buyers to go beyond traditional brokerage services, including assessment, transfer, placement and claims.
The global broker argues risk engineering should be present at all stages of the purchasing process, with data and analytics being used to inform conversations with companies to help them look beyond current risks, allowing businesses to take a more strategic approach to insurance.
The Asia Market Report was compiled from Willis Towers Watson data across its corporate risk and broking business in the Asian region. Produced annually, it highlights the key trends that are shaping the insurance marketplace across industry lines of business and looks ahead to how the market will develop in 2019.
This includes examining the following markets: P&C, marine, construction, terrorism, natural resources, aviation, financial lines and captives; in addition to several market reviews.
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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.
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QBE’s Hammond on transformation and growth
- July 2
The Asia chief executive discusses Covid-19, going digital and restructuring.
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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.
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Peak Re: Emerging Asia’s life and health opportunity
- March 11
Life and health premium growth is expected to outpace GDP gains in eight Asian markets.
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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.
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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.
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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.
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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.
