Tobias Farny, Munich Re's Chief Executive of China, spoke to (Re)in Asia about various priorities for the German reinsurer, including green technology, electric vehicles, and cyber.
A model created by Lloyd's predicts that a food supply shock event could result in between US$3 trillion to US$18 trillion in global economic losses, with Greater China and APAC most vulnerable.
Predicted CAGR rate of 11.8% will catapult APAC's liability insurance industry from US$39.4bn to US$61.7bn, with China being the largest contributor, according