NMG's Prichard: Technology Advances Are Set to Bring Exponential Change

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Mark Prichard, chief executive officer, NMG Consulting, said insurers in countries such as China and South Korea are demonstrating tech-based innovation, but those developments have been slow to develop in many other markets.

 

AM Best's Carter: More Asian Domiciles Are Moving to Risk-Based Regulatory Systems

Greg Carter, managing director of analytics for EMEA and Asia-Pacific, AM Best, said risk-based capital regulatory systems generally give rise to a stronger insurance sector, although operating performance can lag in the short term.

 

RMS' Woodhouse: Japan Storms Stress Supply Chains, Business Interruption

Andy Woodhouse, managing director, Asia-Pacific, RMS, said 20% to 30% of Japan's economy is based on technology and dependent on complex supply chains.

 

Beazley's Mounier: Building Distribution in Asia Means Building Multiple Alliances

Lucien Mounier, head of Asia-Pacific, Beazley Syndicate, said reaching Asia's diverse markets is a team effort that involves working with MGAs, local insurers and others.

 

Axis Re's Arora: Asia Is a Local Market, Except When It Comes to Catastrophes

Steve Arora, chief executive officer, Axis Re, said events across the globe can affect overall profitability of catastrophe coverage.

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