The measures call for greater underwriting capacity, broader cover for geopolitical and Arctic shipping risks, and wider use of the renminbi in insurance settlements.
Executives from Lloyd’s, Peak Re and ERGO say claims inflation, misread war-risk terms and a wide protection gap are testing (re)insurers as they follow clients into new markets.
Led by Jessica Schappell, the specialist insurer is leveraging its expanded platform under Zurich to corner high-margin, specialist risks across Asia Pacific.
Diversification into other marine lines has helped some clubs improve underwriting results, but persistent deficits are expected to drive further upward pressure on 2027 renewals.
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 measures are part of a broader effort to strengthen supply-chain resilience as geopolitical risks continue to pressure maritime transport and insurance markets.
The trade bodies, whose members represent around US$200bn in gross written premiums, will share evidence on resilience, regulation and extreme weather, alongside emerging risks such as cyber and AI.
