Large-risk and flood claims turned the fire book loss-making, while a ₹7.15bn (US$75m) motor third-party provision tied to a court ruling added to underwriting pressure.
The association’s handbook sets out a five-stage assessment for underwriting, claims and risk teams, covering third-party dependencies and portfolio concentration.
The hub has succeeded in attracting capital and reinsurers; now the challenge lies in developing the expertise needed to underwrite complex risks locally.
Marsh Re’s new Japan and Pacific heads, Andrew Hare and Justin Ward, say capital is reshaping the reinsurance conversation, from Japan’s solvency regime to growing interest in alternative capital in Australia...
Karl Marshall wants clients to see the full range of outcomes behind a model result, not a single figure, and says AI should support specialists rather than replace them.
Pricing, claims management and operating efficiency have narrowed the insurer’s underwriting losses, and growing scale should help it sustain profitability from 2028.
Insurers must submit improvement plans by the end of November, and the regulator will check how they applied tighter assumption rules in their 2026 year-end liability valuations.
The new leadership structure, including Tan's expanded role, is designed to improve coordination across the reinsurer's protection business while bringing leadership closer to clients and markets.
