Posts Tagged ‘Asia Pacific’



March 26th, 2019

Top Country-Specific Risk Insights for Business: Asia Pacific

Posted at 1:00 AM ET

Skyline of Dubai at nightRegional heterogeneity across the Asia Pacific region has translated to diversified sets of concerns in different countries/territories. Correspondingly, businesses, particularly those with international and regional operations, need to be able to deal with more risks from multiple sources.

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March 13th, 2019

GC Capital Ideas Covers Modeling Developments

Posted at 1:00 AM ET

GC Capital Ideas presents a review of our recent stories covering modeling for various perils.

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February 26th, 2019

First Singapore Catastrophe Bond Sets Stage for ILS Expansion in Asia-Pacific

Posted at 8:15 PM ET

The first catastrophe bond has been issued out of Singapore. This highlights the potential of the insurance- linked securities (ILS) market in the region, and is aligned with the city-state’s efforts to establish itself as a global hub for Asian risk transfer. The bond is sponsored by Insurance Australia Group (IAG) as part of its 2019 catastrophe aggregate reinsurance cover and represents the first such transaction by the company.

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February 26th, 2019

Asia Region Most affected by Rising Sea Levels

Posted at 1:00 AM ET

extreme-weather-2On a global scale, some cities are sinking faster than sea levels are rising, says the Global Risks Report 2019, which was produced by World Economic Forum with the support of Guy Carpenter’s parent company, Marsh & McLennan Companies.

Asia will be the worst affected region as a result of a combination of hydrology, population density and asset concentration. Continue reading…

January 17th, 2019

Guy Carpenter Announces New Division and Senior Appointments Designed to Deliver Enhanced Client Value

Posted at 9:41 AM ET

Guy Carpenter today announced the formation of a new Global Capital Solutions Group and a series of new leadership appointments related to the Jardine Lloyd Thompson Group plc (JLT) acquisition. These appointments will become effective upon closing of the transaction between Guy Carpenter’s parent company, Marsh & McLennan Companies, and JLT, which remains subject to the receipt of certain antitrust and financial regulatory approvals. Continue reading…

January 8th, 2019

Taiwan: Catastrophe Insurance and Gap in Coverage

Posted at 1:00 AM ET

14shades_thumbnailTaiwan has experienced a series of extreme weather events in recent years, which are expected to continue into the future, says the report 14 Shades of Risk In Asia-Pacific: Evolving Risk Concerns in Asia-Pacific by Marsh & McLennan Companies’ Asia-Pacific Risk Center. Continue reading…

January 3rd, 2019

Cyberattacks Top Risk to Doing Business in India

Posted at 1:00 AM ET

14shades_thumbnailA growing dependency on data and digitization efforts have increased the risks of cyberattacks in India, says the report 14 Shades of Risk In Asia-Pacific: Evolving Risk Concerns in Asia-Pacific by Marsh & McLennan Companies’ Asia-Pacific Risk Center.

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December 31st, 2018

Catastrophe Insurance Gap in China

Posted at 1:00 AM ET

14shades_thumbnailEven though China is the fastest growing insurance market in the world, the country’s catastrophe insurance protection gap remains significant, according to the recent report 14 Shades of Risk In Asia-Pacific: Evolving Risk Concerns by Marsh & McLennan Companies’ Asia-Pacific Risk Center. Continue reading…

December 28th, 2018

Sydney Hailstorms, December 20, 2018

Posted at 8:49 PM ET

australia-hail-small1A severe convective storm affected large parts of New South Wales, including Sydney, the Central Coast and Wollongong from 4:00 to 7:00 pm on December 20, 2018. The storm generated large hail, damaging winds and flash flooding in many areas of the state. According to the Australian Bureau of Meteorology (BOM), there were ground reports of hail of 8 cm diameter in Berowra Heights in Sydney’s north and similar size hail in Casula and Liverpool in the city’s southwest.  The Nattai National Park west of Picton also experienced large hail. Initial damage reports indicated that the suburbs of Berowra Heights, Hornsby, Liverpool, Gosford and Lithgow were the most severely affected. Given that the event occurred during the Christmas holidays, many residents and businesses have not fully assessed the extent of damages; therefore, loss estimates are expected to increase in the next few weeks.

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