PhilNaRe's Hidalgo: Risk Based Capital Rules to Reshape Market

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Augusto Hidalgo, CEO, Philippine National Reinsurance Corp., said new regulations that focus on solvency will force some Philippine insurers to make hard choices as they decide how to deploy and reinsure capital.

 

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.
 

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.
 

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.
 

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.
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