PNG and Fiji workshops follow MOU signed in Sep 2023 and will help support local development of parametric insurance for regional insurers, reinsurers, and central banks.
Syndicate will be managed by Asta and focus on key growth areas, including liability, professional indemnity, accident and health, property, and travel insurance.
Sean Carmody acknowledged that reducing Australia's protection gap is a 'wicked problem', but he encouraged insurers to take ownership and find opportunities to make a difference.
