Coverage of the Singapore International Reinsurance Conference
Chesley Williams, senior director, model product management, RMS, said modelers are focusing on the events that occur after the initial peril.
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.
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.
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.
