The office, which began operations on 1 March 2017, will function under a Labuan FSA reinsurance license and will focus on servicing large and upper mid-sized Malaysian businesses through broking partners and intermediaries.Learn more
Mr. Atkinson brings extensive commercial insurance experience, accumulated in Hong Kong, Japan, London and Taiwan.Learn more
Commercial insurance helps firms mitigate their exposure to losses and is an essential component of corporate risk management. In Australia as elsewhere, changing economic, business, regulatory, socio-political and technological conditions reshape the risk landscape, driving companies in all sectors to constantly reassess their risk exposures.Download
Administering crop insurance in Asian countries with small fragmented agriculture land holdings is an expensive affair, but
costs can be substantially lowered with the introduction of index-based or parametric insurance schemes. These are managed,
however, through relatively generic data measurements that do not always capture the experiences of individual farmers.
The global economy and even politics are increasingly affected by climate change. In this context, Swiss Re is keen on carrying out research into the changing contexts of natural disasters and the development of relevant financial solutions that aim to reduce, or even eliminate, the negative impacts of these disasters on livelihoods, the
economy and politics. It aims to do so by providing those affected, such as individuals, businesses and all levels of government, with relevant scientific and institutionalised disaster-prevention and disaster-relief mechanisms.
Agriculture employs one in three people in Sri Lanka and contributes
over ten percent to export income. This important sector of the economy relies on rain – a resource that will become increasingly unpredictable with global warming. Protecting farmers against future floods and droughts is paramount to keep employment and income from this economic pillar growing.
The liability insurance market in Asia is currently small, but is expected to offer significant growth opportunities in the coming years. In 2014, around 8% of global liability premiums, or about USD 12 billion, came out of Asia. The market has been
growing rapidly: between 2007 and 2014, liability premiums in Asia grew by 10% per annum, compared with average global growth of just 1%. Liability premium growth is expected to average 8% annually between 2015 and 2020, compared with 6% growth globally. Liability penetration in Asia is low at 0.05% of gross domestic product (GDP) compared to 0.2% globally. The main reasons for low take-up are lack of product awareness, lax regulation and the not-so litigious culture in the region.
India’s marine food exports rose from USD 1.64 billion in 2009/10 to USD 4.95 billion in 2013/14. Most of this growth stemmed from aquaculture – an industry set to advance.Download
The impact of extreme weather is painful and expensive. This is because the world population and asset concentrations are increasing, especially in the cities of the developing world, many of which lie either on the coast or on major waterways close to it. Bangkok is one case in point. The latest edition in Swiss Re's Risky cities series examines the risks.Download
Agriculture is the vehicle for employment and economic growth in the Ivory Coast. Nearly seven out of ten work the land. Farming also contributes
27% to its GDP. A large share of the income depends on the exports of coffee and cocoa. The latter has a 40% share of the world market. These
seemingly thriving agricultural sectors are subjected to the vagaries of nature, such as floods, droughts and wildfires.
Commercial insurance is an essential component of risk management. In Japan, economic, business, regulatory and socio-political dynamics are rapidly reshaping the risk landscape, driving companies in all sectors to constantly reassess their risk exposure and management requirements.Download