Emerging economies need not just capital, but also to establish professional standards and expertise to ensure that growth lasts, said Lloyd's Chairman John Nelson during his industry keynote address at the Singapore International Reinsurance Conference.
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The overall reinsurance business sentiment in Asia is positive, reflecting the relatively stable political environment, well-established regional reinsurance hubs and strong GDP and premium growth expectations, said the 1st Asia Reinsurance Barometer.
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Insurance players from East and Southeast Asia have emerged winners in several categories at this year's Asia Insurance Industry Awards, held in conjunction with the SIRC.
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The European Parliament, Council and Commission have struck an agreement on the Omnibus II Directive, representing an important milestone in the path towards the new Solvency II risk-based regulatory regime for EU insurers.
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