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.

 

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.

 

RMS' Araga: Risk Management, Reinsurance Key to Controlling Cat Losses in Japan

Yasunori Araga, Japan President and Representative Director, RMS, said the modeler is focusing on upgrading flood, earthquake and related models to better reflect Japan's catastrophic risks.

 

Markel's Cannock: Consistency Matters In Growing Markets

Matt Cannock, managing director for Asia, Markel International, said some insurers have been entering and leaving markets, creating uncertainty about the commitment of the industry to Asia.

 

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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