Posts Tagged ‘Asia Pacific’



November 2nd, 2017

Asia Pacific Catastrophe Report 2017: Executive Summary: Protection Gap and Convergence Capital

Posted at 4:00 AM ET

cover-thumb1The proportion of losses uninsured in the Asia Pacific region remains high. For example, examination of this year’s major landfalling typhoons in China shows a wide discrepancy between economic and insured losses.

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November 1st, 2017

Asia Pacific Catastrophe Report 2017: Executive Summary: Losses

Posted at 4:00 AM ET

cover-thumbInsured losses in Australia and New Zealand were the largest events. The region was also impacted by floods in China, India and Thailand and an earthquake in China. Once again, flood was a major contributor to economic losses in the region, but often in areas where insurance penetration was limited. Flood is difficult for (re)insurers to model, but Guy Carpenter has made significant steps to help clients deal with the problems.

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October 31st, 2017

Asia Pacific Catastrophe Report 2017: Executive Summary

Posted at 4:00 AM ET

cover-thumbA year marked by generally benign loss experience and few large catastrophe events meant that rates continued to remain positive for buyers in the Asia Pacific region throughout 2017. At the same time, the trend for steady growth in limit purchased continued. Much of the new limit purchased tends to be at the top of programs, and this feeds through to lower overall average rates on line (ROL), which is also reflected in the indices.

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September 7th, 2017

Guy Carpenter Announces Senior Appointments in the Pacific Region

Posted at 9:30 PM ET

Guy Carpenter & Company  today announced the appointment of Andre Eisele to the role of CEO of the Pacific Region. In addition, Heinrich Eder will join the Guy Carpenter Advisory Board for the Pacific Region.

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August 29th, 2017

Public-Private Partnerships Address Cat Risk Across the Globe

Posted at 1:00 AM ET

Here we review recent GC Capital Ideas posts concerning the emergence of public-private partnerships addressing catastrophe risk across the globe.

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August 1st, 2017

Guy Carpenter Announces Senior Promotions in Asia Pacific

Posted at 11:00 PM ET

Guy Carpenter & Company today announced that Tony Gallagher has been appointed CEO of the Asia Pacific Region, with immediate effect. In addition, Richard Jones has been promoted to Chairman of the Region.

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July 24th, 2017

Guy Carpenter Asia-Pacific Climate Impact Centre Publishes New Annual Report

Posted at 1:00 AM ET

gcacic_advThe report, covering the Centre’s activities during 2016, is divided into five sections.

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June 28th, 2017

Guy Carpenter Launches GC Asia Pacific Retro

Posted at 11:00 PM ET

Guy Carpenter & Company today launched GC Asia Pacific Retro, a new unit offering dedicated retrocession services to clients in the Asia Pacific region.

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May 16th, 2017

Public Sector Risk Financing Perspectives in Asia Pacific: Part II: Highlights of Recent Initiatives

Posted at 1:00 AM ET

graham-jones-smGraham Jones, Senior Vice President

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In July 2016, the China Residential Earthquake Insurance Pool (CREIP) was jointly established by the China Insurance Regulatory Commission (CIRC) and Ministry of Finance. In development since 2014, the scheme consists of 45 insurers distributing policies with basic limits of USD 7,500 and USD 3,000 for urban and rural residents, respectively. Coverage up to a maximum limit of USD 150,000 is negotiable. The claims process has been simplified with payouts equaling zero, 50 or 100 percent of the policy limit based on five damage levels.

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May 15th, 2017

Public Sector Risk Financing Perspectives in Asia Pacific: Part I

Posted at 1:00 AM ET

graham-jones-sm

Graham Jones, Senior Vice President

Contact

According to United Nations estimates, 54 percent of the world’s population lives in Eastern, Southern and Southeastern Asia. The region hosts 778 million urban inhabitants and seven out of the world’s top ten most populated cities. The region is also home to every major peril - from cyclone to tsunami - and has experienced some of the world’s largest catastrophes based on economic loss. While there are natural catastrophes all over the world, Asia is a unique confluence of people and perils.

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