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

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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.

 

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.

 

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.
 

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

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.

 

Peak Re's Hahn: China's Insurance Tech, Products Developing at a Rapid Rate

Franz Hahn, CEO, Peak Re, said Asia's largest market is making room for innovation, with early impact in coverage for professionals. Eventually, the technology will reach households.

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