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.

 

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.
 

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

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.
 

A.M. Best Panel: Asian Reinsurers Work With Global Counterparts

John Andre, Robert DeRose and Moungmo Lee of the A.M. Best company reviewed current developments in the global reinsurance sector and examine how Asia-based reinsurers are using global relationships to support local markets.
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