New, emerging risks present opportunities for insurers: MAS
Central bank deputy MD points to cyber risk insurance as a critical component of comprehensive risk management
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
EVEN as global economic growth remains sluggish and alternative capital floods the insurance sector, driving down premiums and narrowing profit margins, new and emerging risks present opportunities to the industry, especially in under-insured Asia.
In her illustration of the sector's outlook at the 13th Singapore International Reinsurance Conference on Tuesday, Jacqueline Loh, deputy managing director of the Monetary Authority of Singapore (MAS) cited cyber, liability, supply chain and reputation - mostly intangible - as examples of these new and emerging risks.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
