Munich Re's Pohlchristoph: For US and Asia, Most Cat Losses Are Uninsured

7:32

Hermann Pohlchristoph, board member for Asia, Munich Re, said that about 40% of economic losses from recent U.S. catastrophes are covered by insurance, higher than the up to 25% share of losses covered in Asia catastrophes in recent years.

 

Marnix's Komoguchi: Japan's Insurance Market Mature, but Poised for Change

Toru Komoguchi, president and CEO, Marnix, said Japan is dominated by three large nonlife insurers, but changes are afoot to make it more flexible and competitive.

 

Munich Re's Farny: Opportunities Emerging in China Beyond Motor

Tobias Farny, Munich Re's chief executive Asia Pacific covering greater China, Australia and New Zealand, said the Chinese insurance market remains dominated by motor insurance, with the next stages of growth set for personal and commercial coverage.
 

Swiss Re's Plunkett: Insurance Growth Begins With Financial Literacy

Jayne Plunkett, Swiss Re's CEO for reinsurance in Asia, said understanding of business risk and the role of insurance varies among countries in Asia.

 

RMS' Burgess: Data Privacy Rules Could Constrain Modelers' Abilities

Paul Burgess, vice president, RMS, said developing laws in Asia and elsewhere could hamper insurers' abilities to share and use data that could be used to improve models and predict risk.

Copyright © 2022 A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.