ILS Asia 2023: Education still critical in relatively untapped region
Yesterday’s Artemis ILS Asia 2023 conference marked our first in-person return to Singapore and the Asian region since 2019 and while there are marked differences in the conversation surrounding insurance-linked securities (ILS) and the use of reinsurance capital, it is clear the region remains relatively untapped, on both an investment and risk basis. It has been […]
Alternative reinsurance capital grows to new $100bn high: Aon
Catastrophes and natural disasters in the Asia Pacific (APAC) region amounted to a total economic loss of $80 bn. A substantial protection gap (the difference between total economic losses and what’s covered by insurance) of 86% meant many disaster losses were uninsured, according to Aon’s Weather, Climate and Catastrophe Insight Report. Contents: APAC Natural Disaster Economic Losses Summary […]
HKEX and BSE Agree to Dual Listing of Stocks
The Hong Kong and Beijing stock exchanges signed a memorandum of understanding to support qualified companies to apply for listing on each other’s markets, opening the door for long-term cooperation between the two stock markets. Under the agreement, qualified companies traded on the Beijing Stock Exchange (BSE) can apply for flotation on the Hong Kong Stock Exchange (HKEX) and […]
86% of catastrophe and natural disaster losses in APAC uninsured in 2022: Aon
Insurance and reinsurance broker Aon’s recently published Weather, Climate and Catastrophe Report: Asia Pacific Insights, identifies global natural disaster and climate trends in the region, highlighting a large protection gap in the region. The report reveals that natural disasters in the Asia Pacific (APAC) region in 2022 caused $80 billion in economic losses, of which […]
China is engaging with Central Asia like never before
Central Asian leaders recently convened in Xi’an to announce an unprecedented number of agreements with China. Deepening ties with Beijing come as other international actors have failed to deliver on investment in the region on the same scale as China. From the perspective of many Central Asian officials, geography and history are destiny. Sandwiched between […]
Bloomberg: Hong Kong’s catastrophe bond market can reach $2 billion by 2025
Hong Kong’s catastrophe bond market may grow to $2 billion by 2025, accounting for 4-5% of global cat bonds, according to a poll conducted at Bloomberg’s Insurance Forum. Authorities recently extended a grant program in a bid promote the city as a regional hub for insurance-linked securities, a $40 billion market dominated by Bermuda. FULL […]
Singapore extends ILS Grant Scheme three years to end 2025: MAS
The insurance-linked securities (ILS) grant scheme in Singapore has been a significant help in the country attracting catastrophe bonds and other ILS activity and it has now been extended by a further three years, to run until the end of 2025. Singapore began its focus on insurance-linked securities (ILS) as a business opportunity around 2016, […]
Hong Kong to extend ILS Grant Scheme by two years
The government of Hong Kong is proposing a two year extension to its Pilot ILS Grant Scheme, which it hopes will help to continue the development of its insurance‑linked securities (ILS) offering and attract more issuers to locate catastrophe bond and ILS arrangements there. This was announced by Hong Kong’s Financial Secretary the Hon Paul […]
Hong Kong to extend ILS Grant Scheme by two years
The government of Hong Kong is proposing a two year extension to its Pilot ILS Grant Scheme, which it hopes will help to continue the development of its insurance‑linked securities (ILS) offering and attract more issuers to locate catastrophe bond and ILS arrangements there. This was announced by Hong Kong’s Financial Secretary the Hon Paul […]
Strong earthquake strikes Tajikistan, near border with China
Reuters DUSHANBE, Feb 23 (Reuters) – An earthquake of about 6.8 magnitude shook eastern Tajikistan at 5:37 a.m. (0037 GMT) on Thursday, Tajik authorities said, which was felt in China and other neighbouring countries. The earthquake struck the mountainous Gorno-Badakhshan autonomous region which was earlier this month hit by a series of deadly avalanches. Although […]
