In this article from Insurance Asia News connected with the 2024 Singapore International Reinsurance Conference, Guy Carpenter’s Justin Ward, Head of Capital Advisory, Asia Pacific, discusses how alternative capital solutions are helping to address the emerging risk landscape and regulatory conditions in the region, while balancing growth and volatility considerations.
“Demand for capital advisory remains strong, as clients continue to focus on better understanding the evolving risks—climate (including secondary perils such as hail, flood and wildfire), cyber, geopolitical, pandemic—and their impact on growth, volatility and capital,” Justin explained.
Growth is a “clear mantra” for insurers, and the need for capital advisory solutions gains significance, particularly in the context of exploring solutions that fuel growth without inadvertently introducing more volatility to the organization, he said.
“Volatility remains omnipresent for many of our clients as the nature of risk changes, insured values grow, retentions are raised and the cost of risk transfer escalates,” Justin continued.