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

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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.

 

Axis Re's Arora: Succeeding in Asia Means Playing the Long Game

Steve Arora, CEO, Axis Re, said global prices are unsustainable but should adjust if insurers are willing to price realistically.

 

AIR's Simic: The Next Modeling Frontier is Interconnected Risks

Milan Simic, director for international operations, AIR Worldwide, said the modeler is focusing on how risk such as cyber exposures play into other issues and create wider exposures.

 

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.

 

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.

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