Swiss Re's Ryan: Sensor Tech Changes Insurance Paradigm

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Daniel Ryan, Managing Director and Head Insurance Risk Research, Swiss Re Institute, said the explosive growth of sensor technology means that insurers and reinsurers will increasingly be in the business of detecting and preventing risk.

 

RMS' Williams: Tsunami Models Will Help Bring the Full Picture to Typhoon, Quake

Chesley Williams, senior director, model product management, RMS, said modelers are focusing on the events that occur after the initial peril.

 

Catex' Fortunato: Data Gaps in Asia Have Global Impact

Frank Fortunato, CEO, Catex, said risk data is in shorter supply in many parts of Asia, which is one reason the world did not realize how broadly flooding in Thailand would impact global supply chains.

 

A.M. Best's Lee: Northeast Asian Countries Face Different Challenges

Christie Lee, director of analytics, A.M. Best, said insurers in Japan are dealing with catastrophes, insurers in Korea are dealing with regulatory and accounting changes, and insurers in China are wrestling with tight underwriting margins.

 

Munich Re's Pohlchristoph: Busy Cat Year in Asia Should Affect Pricing

Hermann Pohlchristoph, board member for Asia Pacific, Munich Re, said the global reinsurer has realigned its organization to better match regions of the world.

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