Coverage of the Singapore International Reinsurance Conference
Steve Arora, CEO, Axis Re, said global prices are unsustainable but should adjust if insurers are willing to price realistically.
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.
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.
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.
Chesley Williams, senior director, model product management, RMS, said modelers are focusing on the events that occur after the initial peril.
