Himalaya's Simanjuntak: Reinsurance Market in Flux in Indonesia

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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.

 

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.
 

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.
 

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.
 

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

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.
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