AM Best: Third-Party Capital Expected to Continue to Grow in Reinsurance

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Third-party capital, once seen as a threat to the traditional market, is now being embraced, AM Best said during AM Best's 2019 Market Briefing at the 16th Annual Singapore International Reinsurance Conference.

 

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.

 

AM Best's Ryrie: Insurance Growth, Cross-Border Operations Create Demand for Ratings

Scott Ryrie, co-CEO, AM Best Singapore, said Indonesia, Thailand, the Philippines and other Asian locales have shown growing demand for ratings.

 

Lloyd's Kelly: Insurers Must Sharpen Focus on Coverage of Intangible Risks

Angela Kelly, Singapore country manager, Lloyd's, said changing lifestyles and risk environments mean insurers must identify new types of risk and match them to coverage.

 

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

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.

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