Posts Tagged ‘South East Asia’



December 6th, 2018

Cyberattacks Emerge as Leading Risk in East Asia and the Pacific

Posted at 1:00 AM ET

herde_thomas_photoCyberattacks are the leading risk to doing business across East Asia and the Pacific, according to the recent World Economic Forum (WEF) report Regional Risks for Doing Business 2018.

The WEF study surveyed about 12,500 executives across 140 countries on the five biggest risks to doing business in their respective countries over the next 10 years. In Asia Pacific, cyberattacks topped the list in Indonesia, Japan and Singapore. The prominence of cyberattacks as a concern among the region’s businesses reflects the rapid pace of digitization and the increasing sophistication of the region’s economies, the study says.

Thomas Herde, Guy Carpenter’s Head of Casualty Specialty Practice in Asia Pacific, says: “We may be seeing a shift in Asia Pacific as businesses in the regions now recognize the growing risk of cyberattacks and the extent of the damages they may cause.”

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November 14th, 2018

Safeguarding Development in Asia-Pacific – Upgrading Infrastructure to Match Demand

Posted at 1:00 AM ET

_offset_472526_smallIn many parts of Asia-Pacific, infrastructure development does not meet the region’s rapid economic growth and urbanization, according to the latest report by Marsh & McLennan Companies’ Asia-Pacific Risk Center. The study, titled “From Threats to Impact - Evolving Risk Concerns in Asia-Pacific,” notes a finding by Asian Development Bank (ADB) that developing countries in Asia-Pacific and central Asia will require an additional USD 22 trillion for infrastructure development to maintain economic growth and eradicate poverty between 2015 and 2030.

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November 12th, 2018

Increasing Frequency of Extreme Weather Events in Asia Pacific

Posted at 1:00 AM ET

_offset_472526_smallThe Asia Pacific may be the most adversely impacted region by the pronounced increase in the frequency of extreme weather events around the world. The Guy Carpenter Asia-Pacific Catastrophe Report 2017 projects an increase in economic losses from natural disasters in Asia, which amounted to USD 126 million a day between 2006 to 2015 (1).

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October 16th, 2018

From Threats to Impact: Evolving Risk Concerns in Asia-Pacific

Posted at 1:00 AM ET

_offset_472526_smallIn recent years, there has been an increase across the globe in the scale, diversity and impact of risk events. From cyber-attacks to major hurricanes and floods, and from the US-China trade war to unexpected developments around relations with North Korea, recent norms have been turned upside down and uncertainty reigns.

The Asia-Pacific region has been at the center of many of these developments and businesses operating in the region need to adapt accordingly. Continue reading…

July 18th, 2018

Guy Carpenter Appoints President and Head of South East Asia and Korea

Posted at 9:55 PM ET

Guy Carpenter announced the appointment of Bengt Johnsen as President and Head of the South East Asia and Korea (SEAK) region, effective Jan. 18, 2019. He will succeed Richard Jones, who was promoted to Chairman of the Asia Pacific region in August 2017. Mr. Johnsen will be based in Singapore and will report to Tony Gallagher, CEO of Asia Pacific.

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September 29th, 2011

Asia Typhoon Models

Posted at 1:00 AM ET

RMS RiskLink v11.0 (SP2)

RMS launched its Hong Kong typhoon model several years ago and expanded its coverage to China in 2011. Unlike other vendor models, RMS’s update offers modeling with demand surge and many secondary modifiers.

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January 24th, 2011

2011 Reinsurance Renewal Rates: South East Asia

Posted at 1:00 AM ET

141x141jan1thumb29Philippines

Filipino catastrophe excess of loss clients have tended toward increased event cover in 2011 as a result of continually increasing exposures and the jump in loss reserves from 2009 typhoons Ondoy and Pepeng. Furthermore, reinsurers felt that 2010 pricing did not reflect true experience as clients were still gathering information on the typhoons, putting upward pressure on pricing. That said, to combat upward pressure on pricing, cedents offered private layers to leaders that reduced pricing on the main programs.

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