Risk managers have key role in rise of the robots

Risk managers have key role in rise of the robots

Risk managers have key role in rise of the robots

Very few professions have been left unchallenged by the rise of new technology, in particular the prevalence of automation and artificial intelligence. However the rise of the so-called economy 4.0 could generate new opportunities for corporate risk managers, especially in Asia where the use of robotics and automation is outstripping other regions. For decades we have seen automation and robotics…

Global premium volume to nearly double by 2030, Munich Re predicts

Global premium volume to nearly double by 2030, Munich Re predicts

Global premium volume to nearly double by 2030, Munich Re predicts

Global premium volume is likely to reach around €7.9trn by 2030, almost double the volume of €4.2trn in 2017, according to Munich Re. Of the additional premium of €3.7trn by 2030, some €1.2trn is expected to come from China alone, with almost two thirds of this likely to derive from life and health insurance business, with the rest coming from…

Top three Japanese insurance groups report mixed results for fiscal 2017

Top three Japanese insurance groups report mixed results for fiscal 2017

Top three Japanese insurance groups report mixed results for fiscal 2017

The mixed net profits reported for fiscal year 2017 by Japan’s top three P&C insurance groups were underpinned by their overseas business, according to Moody’s Japan KK. “On the other hand, fundamental underwriting profitability in their domestic business stabilises after an improvement in prior years, given the removal of one-time factors, such as a large increase in natural catastrophe losses,”…

Further M&A activity in the re/insurance sector expected, says Hogan Lovells

Further M&A activity in the re/insurance sector expected, says Hogan Lovells

Further M&A activity in the re/insurance sector expected, says Hogan Lovells

There will be further consolidation in the reinsurance and P&C sectors and continuing private equity activity will remain at the forefront of mergers and acquisitions (M&A) in 2018, according to Hogan Lovells. A new paper from the law firm, Insurance M&A 2017/2018, states that overall, insurance M&A activity during 2017 could be characterised as a case of quality over quantity,…

Reinsurers bemoan lack of rate change in Asian insurance market

Reinsurers bemoan lack of rate change in Asian insurance market

Reinsurers bemoan lack of rate change in Asian insurance market

Despite the fact that 2017 was a severe year of natural catastrophes, the Asian insurance market has seen little impact in terms of rate changes, much to the disappointment of many insurers and reinsurers. Rates in the region have been deteriorating for several years, due to excess capacity and strong competition. This has led insurers to question whether certain commercial…

Toa Re further expands in Europe with new Zurich operation

Toa Re further expands in Europe with new Zurich operation

Toa Re further expands in Europe with new Zurich operation

Another example of Japanese and wider Asia-based capital’s desire to access European insurance and reinsurance markets came this week as Toa Re, the sole domestic Japanese reinsurance group, announced the launch of Toa Re Europe based in Zurich, Switzerland. The Japanese group said it would use the new platform to accelerate plans to offer capacity to third-party non-Japanese customers, as…

Global premium growth to reach pre-crisis level in next decade, Allianz predicts

Global premium growth to reach pre-crisis level in next decade, Allianz predicts

Global premium growth to reach pre-crisis level in next decade, Allianz predicts

After a ‘lost decade’, premium growth should return to pre-crisis level, with 6% growth predicted in the next decade, according to Allianz Research. It also revealed that China will take over from the US as the biggest insurance market worldwide. Insurance markets to continue to recover in the future, said Allianz, pointing out that while global premium growth has disappointed…

Japan set to back Asean parametric disaster insurance fund

Japan set to back Asean parametric disaster insurance fund

Japan set to back Asean parametric disaster insurance fund

The Japanese government is set to fund the launch of a parametric disaster insurance pool designed to provide Asean nations with easily distributable recovery funds following natural catastrophes. According to a report in the Nikkei Asian Review, the Southeast Asia Disaster Risk Insurance Facility (Seadrif) will be formally announced later in May at the annual meeting of the Asian Development…

Parima recruits EB provider Maxis as a partner

Parima recruits EB provider Maxis as a partner

Parima recruits EB provider Maxis as a partner

The Pan-Asia Risk and Insurance Managers Association (Parima) has announced a partnership with employee benefits provider Maxis GBN that will see the two collaborate on a series of events as Maxis looks to expand its captives business across Asia. Under the terms of the partnership, Maxis will be present at Parima’s two regional conferences in 2018, in Bangkok in May…

RMS launches new HD model for Japanese earthquakes

RMS launches new HD model for Japanese earthquakes

RMS launches new HD model for Japanese earthquakes

Risk modelling firm RMS has released its new Japan Earthquake and Tsunami High Definition (HD) model. According to RMS, the model, which was developed in partnership with scientific agencies, insurers and local experts, offers a more detailed representation of earthquake and tsunami risk for the region. In addition to the input from its collaborators, the model also incorporates research gained…

1 2 3 9