The ICA, ICNZ and other industry groups have jointly written to their respective Prime Ministers calling for the issue to be put on the Commonwealth Business Forum agenda.
With six of the ten largest life insurers globally, Asia offers reinsurers the chance to strike new asset intensive reinsurance deals before the pipeline in mature markets starts to dry-up.
John Lee also used his annual policy address to announce plans to conduct a sector wide insurance review that would look at capital requirements for infrastructure investments.