Reask gets Tencent backing for its AI catastrophe models
Reask, a catastrophe modelling, climate analytics and data company that uses machine learning techniques and artificial intelligence, has gained a significant vote of confidence from Chinese technology giant Tencent, which has led a seed funding round for the company. Reask is already making headway in the insurance-linked securities (ILS) market, having worked closely with Zurich-headquartered […]
Data key to delivering Hong Kong and China’s ILS goals
The availability of robust data sets and information on losses will be key for Hong Kong and China to deliver on their goals for insurance-linked securities (ILS) market development, according to speakers at a recent conference. The first Hong Kong domiciled catastrophe bond, China Re’s $30 million Greater Bay Re Ltd. (Series 2021-1) typhoon cat bond, […]
Enormous potential for cat bonds in Greater Bay Area: Hong Kong’s Carrie Lam
Carrie Lam, Chief Executive of the Government of Hong Kong, sees “enormous potential” for catastrophe bonds and insurance-linked securities (ILS) to provide important disaster risk capital to underpin risks in the Greater Bay Area. The Greater Bay Area, also known as the Guangdong – Hong Kong – Macau Greater Bay Area, is a megalopolis made […]
The Belt and Road Ministerial Forum for International Cooperation in Disaster Risk Reduction and Emergency Management 2021
FULL PUBLICATION BY CHINA DAILY HERE
