The partnership adds Peak Re to GAIP's expanding network as the platform works to address protection gaps across the region through greater industry collaboration.
The parties will also cooperate to support risk pooling across emerging regions, while undertaking advocacy and policy initiatives to strengthen financial resilience and address insurance protection gaps....
The partnership adds Lloyd's Asia to GAIP's growing network as the platform seeks to address regional protection gaps through greater industry collaboration.
Part of Generali's broader expansion of MSME-focused programmes across Asia-Pacific, the challenge aims to address protection gaps facing MSMEs in India.
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.
Asia's catastrophe protection gap remains among the world's largest, with only 14% of disaster losses insured despite rapid growth in insured exposure across the region.
Insurers will need to adopt AI, geospatial tools and specialist partnerships as conventional underwriting models struggle to keep pace with fast-evolving risks, says Japan's NTT Data.
QBE’s survey finds that nearly half of Hong Kong construction firms lack cyber cover, with supply chain attacks in Hong Kong and Singapore outpacing the global average.
