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.
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.
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.
Franz Josef Hahn, CEO, Peak Re, said mutual and cooperative insurers have a strong presence in the U.S. and Europe, and are an emerging force in China.
Chesley Williams, senior director, model product management, RMS, said modelers are focusing on the events that occur after the initial peril.
