Posts Tagged ‘Asia Pacific’



March 7th, 2018

Takaful and the Opportunity for Peer-To-Peer Insurance; Part II

Posted at 1:00 AM ET

justinJustin Lee, Senior Vice President

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“Takaful”- an Islamic alternative to conventional insurance that has been around since 622 CE - shares several similarities with P2P insurance, and for Malaysia, which is one of the world’s largest Takaful markets, there are opportunities aplenty if the country can ride the growth in the popularity of P2P insurance.

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March 6th, 2018

Takaful and the Opportunity for Peer-To-Peer Insurance; Part I

Posted at 1:00 AM ET

justinJustin Lee, Senior Vice President

Contact

There has been much talk about peer-to-peer (P2P) insurance, and a number of startups in this space are emerging globally and in Asia. But while P2P insurance is a new disruptor in the insurance market, it is not a new concept. “Takaful”— an Islamic alternative to conventional insurance that’s been around since 622 CE – shares several similarities with P2P insurance, and for Malaysia, which is one of the world’s largest Takaful markets, there are opportunities aplenty if the country can ride the growth in the popularity of P2P insurance.

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January 18th, 2018

Increasing External Demands Compel Companies to Improve Risk Management Disclosures

Posted at 1:00 AM ET

Guy Carpenter released its latest Enterprise Risk Management (ERM) Benchmark Review that provides an in-depth analysis of risk management practices and policies of 67 insurance and reinsurance companies located in Europe, United States, Bermuda, and Asia-Pacific. Based on publicly-available data from financial and risk reports, Guy Carpenter’s ERM Benchmark Review reveals that most (re)insurers are managing capital with metric-based frameworks and are publishing more about their risk management targets than seen in Guy Carpenter’s 2009 analysis. Capital market, legislative, and regulatory influences, such as the approaching implementation of Solvency II, are expected to further compel company managements to better recognize and analyze the risks of their enterprises.

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December 5th, 2017

Asia Pacific Catastrophe Report 2017: Executive Summary

Posted at 1:00 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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November 29th, 2017

Guy Carpenter Asia-Pacific Climate Impact Centre Publishes 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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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.

Continue reading…

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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