Posts Tagged ‘Thailand’



December 12th, 2018

14 Shades of Risks: Navigating the Risk Landscape in Asia-Pacific

Posted at 1:00 AM ET

14shades_thumbnailThe Asia-Pacific region (APAC) has become the world’s primary driver of global economic growth.

While often referred to as one economic bloc, the Asia-Pacific region is home to countries and territories that are vastly different from each other in terms of demographics, economic development stages, political institutions and cultures. This regional heterogeneity translates to a diversified set of risk concerns in different countries and territories.

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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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July 24th, 2018

Aging Population and Automation: Which Nations Face High Risk

Posted at 1:00 AM ET

patty-sungleslie-chacko-headshotPatty Sung, Innovation Leader at the Mercer Global Innovation Hub and Leslie Chacko, Director at Global Risk Center, Marsh & McLennan Companies

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The specific countries that face a high risk of automation of jobs held by older workers also tend to have projections for a rapidly aging population, according to the study The Twin Threats of Aging and Automation by Marsh & McLennan Companies.

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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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April 2nd, 2015

Insured Cat Losses – Asia/Australasia – 2014

Posted at 1:00 AM ET

Asia and Australasia endured their share of both natural and man-made catastrophes in 2014 with 23 percent of estimated global insured losses in 2014. Notable events in the region included the disappearance of Malaysian Airlines Flight 370 in the first quarter and the crash of AirAsia Flight 8501 near Indonesia in December.

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November 2nd, 2014

Demand for Asia Pacific Catastrophe Reinsurance Remains High in 2014

Posted at 3:30 PM ET

Guy Carpenter today published a new report highlighting the continued increase in 2014 of total Asia Pacific catastrophe limit purchased. However, a confluence of factors, including the weakening of some key zone currencies has meant that reinsurance premium spend in the region has declined significantly.

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October 29th, 2014

Guy Carpenter Publishes Flood Risks in Asia — A Detailed Study

Posted at 4:30 PM ET

Guy Carpenter today released a new report titled Flood Risk in Asia - A Detailed Study. The report provides an in-depth study of the flood potential in Asia along with the prevention and protection systems in place.

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November 4th, 2013

Guy Carpenter Extends Coverage of Industrial Park Database to Include Vietnam, Malaysia and South Korea

Posted at 4:30 PM ET

In 2011, Thailand experienced its worst flooding in years with insured losses estimated at around USD15 billion,(1) of which the Thai General Insurance Association attributed more than 90 percent arising from commercial risks located within industrial parks. As industrial parks are common in several countries in the region, Guy Carpenter developed a database of digitized boundaries of these parks to support its clients’ ability to analyze the potential for catastrophic losses arising from exposures located within park boundaries.

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April 9th, 2013

April 1 Renewals See Reinsurance Pricing Stabilize Amid Dynamic Capital Growth

Posted at 11:28 PM ET

Guy Carpenter reports that dynamic capital growth and ample reinsurance capacity resulted in a relatively stable renewal at April 1, 2013. In a briefing released today, Guy Carpenter comments that the convergence of traditional and alternative capital sources is changing the marketplace, with non-traditional capacity now making up an estimated 14 percent of global property catastrophe limit.

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