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

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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.

 

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.
 

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.
 

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.
 

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.
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