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.
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.
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.
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.
