Growth in the Indonesian insurance industry is likely to pick-up in 2016, as the market’s view of the country’s economy improves, according to Fitch Ratings.
Nicholas Pratt talks to IIS president Michael Morrissey about the development of Asia’s risk and insurance industry, and the role of the risk manager.
It is great news that Parima has been invited to participate on the Insurance Development Forum (IDF), a working group of insurers and international bodies including the United Nations and the World Bank, which is charged with helping to address the risks associated with climate change and closing the protection gap that exists in the developing world around natural catastrophes.
Asia has become a key market for the growing number of insurers looking to expand their trade credit and political risk programmes. Rising insolvencies and political tensions since the financial crisis of 2008 have seen capacity in the market grow considerably in recent years.
Asia will remain the engine for the global insurance market over the next couple of years as double-digit insurance sector growth is anticipated in Asia’s emerging markets until 2017, according to latest analysis from Munich Re.
Tokio Marine Kiln (TMK) has launched its first general aviation consortium on the Lloyd’s Asia platform. The launch is designed to give brokers a single point of purchase for general aviation coverage through TMK’s Singapore branch.
A new standard for managing anti-bribery programmes has received the support of risk managers, underlining the growing seriousness of corporate corruption.
Swiss Re has urged international insurers to make a long-term commitment to attractive emerging frontier markets in the Asia-Pacific region and warned them there is no one-size-fits-all approach to these markets.
As drone technology improves at breakneck speed, so do the potential commercial use cases for so-called unmanned aerial vehicles. Can the nascent insurance market in this area keep pace?
Commercial Risk Asia talks to Antonio Kam, head of insurance for Asia-Pacific at BASF, about his views on risk management and its relationship with the insurance industry.