Posts Tagged ‘Asia Pacific’



November 16th, 2016

Asia Pacific Catastrophe Report 2016: Executive Summary: Convergence Capital

Posted at 1:00 AM ET

bromo-volcano-east-java-indonesia-smConvergence” or “alternative” capital, which first entered the reinsurance market with catastrophe bonds, has grown steadily over the past ten years and now also includes industry loss warranties, sidecars and collateralized reinsurance. Convergence capital now accounts for just under 20 percent of the global catastrophe limit.
Continue reading…

November 15th, 2016

Asia Pacific Catastrophe Report 2016: Executive Summary: Protection Gap

Posted at 1:00 AM ET

bromo-volcano-east-java-indonesia-smThe gap between uninsured and insured risk continues to be an issue for the region. Insurance and reinsurance penetration rates remain low in many Asian countries. As the chart below shows, purchases in catastrophe reinsurance limit have grown, but in actual value terms the majority of growth is in territories with the highest levels of protection already.

Continue reading…

November 14th, 2016

7.8 Mw Earthquake in New Zealand

Posted at 3:45 PM ET

7-8_mw_earthquake_new_zealand-smA magnitude (Mw) 7.8 earthquake struck central New Zealand on November 13, according to the U.S. Geological Survey (USGS). The quake occurred at 11:02 PM local time (11:02 UTC) about 93 kilometers (57 miles) north-northeast of Christchurch and about 215 kilometers (133 miles) southwest of Wellington.

Continue reading…

November 14th, 2016

Asia Pacific Catastrophe Report 2016: Executive Summary: Volcano Potential in Asia Pacific

Posted at 1:00 AM ET

bromo-volcano-east-java-indonesia-sm

Later in 2016, Guy Carpenter plans to release a report on the potential for losses caused by volcanic eruption across the region and the implications from an insurance point of view.

Continue reading…

November 10th, 2016

Asia Pacific Catastrophe Report 2016: Executive Summary: Post-El Niño: Part II

Posted at 1:00 AM ET

bromo-volcano-east-java-indonesia-smIn June, the Guy Carpenter Asia-Pacific Climate Impact Centre (GCACIC) and the School of Energy and Environment, City University of Hong Kong, released the 2016 predictions for tropical cyclone formations and landfalls. The predictions were for the period from May through October for three regions:

Continue reading…

November 9th, 2016

Asia Pacific Catastrophe Report 2016: Executive Summary: Post-El Niño: Part I

Posted at 1:00 AM ET

bromo-volcano-east-java-indonesia-smThe U.S. National Oceanic and Atmospheric Administration (NOAA) Climate Prediction Center predicts there is 55 percent to 60 percent chance that strong El Niño conditions will transition to La Niña conditions in the fall and winter of 2016-2017.(1) This kind of transition year has been observed four times since 1950 (1966, 1973, 1983 and 1998).

Continue reading…

November 8th, 2016

Asia Pacific Catastrophe Report 2016: Executive Summary: Mergers and Acquisitions

Posted at 1:00 AM ET

bromo-volcano-east-java-indonesia-smIn 2015, outbound mergers and acquisitions (M&A) abounded in the region, but a pause in transactions occurred in 2016. The flow of inbound M&A increased this year, largely caused by overseas companies making significant investments in joint ventures following recent regulatory changes in India.

Continue reading…

November 3rd, 2016

Asia Pacific Catastrophe Report 2016: Executive Summary: Losses

Posted at 1:00 AM ET

bromo-volcano-east-java-indonesia-smEarthquakes in Taiwan and the Kumamoto prefecture of Japan and floods in southern China were the largest events. The reinsurance share of these losses appears modest. Barring a major catastrophe before the end of the year, catastrophe reinsurers are expected to return a healthy profit in Asia Pacific for the fourth year in a row.

Continue reading…

November 2nd, 2016

Asia Pacific Catastrophe Report 2016: Executive Summary

Posted at 1:00 AM ET

bromo-volcano-east-java-indonesia-smIn the Asia Pacific region, purchases in original currency terms of total catastrophe treaty reinsurance limit grew year on year. Increased purchase in Japan largely drove the growth, with lesser growth experienced in India and China. Changes in pro rata arrangements at some Australian cedents reduced the overall catastrophe excess of loss requirements from Australia; these movements were not large enough to push the overall region-wide purchase backwards.

Continue reading…

October 26th, 2016

Solvency II: An Era of Greater Risk-Driven Management

Posted at 1:00 AM ET

andrew-coxeagle_matthew-smeddy-vanbeneden-smAndrew Cox, Managing Director; Matthew Eagle, Head of GC Analytics® - International; and Eddy Vanbeneden, Managing Director

Contact

On January 1, 2016, the Solvency II regulatory regime took effect. Some celebrated; others were weary from the months and years of preparation.

Continue reading…