Overall commercial insurance rates fell 6% for the region, according to Marsh, marking the region’s 11th consecutive quarter of decline amid ample capacity and strong insurer competition.
The expanded offering comes as regulators and corporates across Asia-Pacific show growing interest in captives and other alternative risk-transfer mechanisms.
Falling premiums reflect surplus capital rather than lower exposure, PARIMA speakers said, as geopolitical, AI, climate and labour risks combine and compound.
Panellists at PARIMA’s Singapore conference said captives are drawing more interest as fewer risks suit standard cover, but setting one up is hard without the actuaries, claims experts and insurers to...
The appointment comes as Swiss Re Corporate Solutions strengthens its international programmes capabilities in Asia, including through a recently announced partnership with Bajaj General in India.
Alliance will bring together commercial- and personal-lines capabilities for agents, insurers and embedded-distribution partners across the US, Europe and Asia.
The Singapore-based executive brings more than 14 years of underwriting and management experience across the energy and chemicals sectors to the expanded role.
