Coverage of the Singapore International Reinsurance Conference
Hermann Pohlchristoph, board member for Asia Pacific, Munich Re, said the global reinsurer has realigned its organization to better match regions of the world.
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.
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.
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.
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.
