GIC Re's Kumar: India Poised for Insurance Growth, Competition

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Lowered barriers to foreign insurers and a fast-growing economy are driving insurance activity in India, K. Sanath Kumar of GIC Re said. Meanwhile, GIC Re is moving ahead with global expansion.

 

JBA's Willis: Asia's River Basins Can Attract Accumulation Risk

Iain Willis, technical director, JBA Risk Management, said Asian insurers are showing greater interest in data on coastal flooding. High-profile river floods have highlighted the danger of concentrating industry in river basins, he said.
 

Toa Re's Mizui: Some Asian Catastrophes Caught Reinsurers by Surprise

Yoshimitsu Mizui, underwriting and planning manager, Toa Re, said losses from floods in Thailand and port explosions in China surprised some reinsurers more than an earthquake in Japan, an event that insurers better anticipated.
 

Himalaya's Simanjuntak: Reinsurance Market in Flux in Indonesia

Indonesian insurers are still awaiting the impact of new rules that directs more reinsurance to local markets, Himalaya Insurance Kornelius Simanjuntak said. Meanwhile, moves to establish a state-own reinsurance company have run into funding issues.
 

Indonesia Re's Sahusilawane: Reinsurance Sector in Transition

Frans Sahusilawane, president and director, Indonesia Re, said three Indonesian state owned reinsurers are becoming one. Expected new capacity and rules about capital should help the nation's insurance industry better handle catastrophies, he said.
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