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

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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.

 

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.
 

SIRC Panel Focuses on Resilience, Education, Underwriting

Philippe Domart of Partner Re Asia and Vincent Vandendael of Lloyd's identified the need to build resilience, consistent underwriting and better awareness of the benefits of insurance as key issues for Asian insurance markets.
 

Scor's Blanc: Asia's Concentrated Assets Need Better Data, Modeling

Michel Blanc of Scor said insurance penetration is growing in some Asian markets but that the recent blast at the port city of Tianjin, China, highlights the need for better understanding of large-scale risks in the region.
 

Peak Re's Hahn: To Insure Middle Class, Industry Must Step out Comfort Zone

Franz Hahn, CEO, Peak Re, said that insurers have made as much progress as needed in insuring Asia's rising middle class from catastrophes and other risks. If insurers don't lead the way solutions will come from other sectors, he said.
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