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Reinsurance News

Singapore Finance Minister to be Guest-of-Honour at 15th SIRC

Singapore Finance Minister Mr Heng Swee Keat will be the Official Keynote Speaker and Guest-of-Honour at the 15th Singapore International Reinsurance Conference (SIRC), with AIG President and CEO Mr Brian Duperreault as the Industry Keynote Speaker. Minister Heng, a core member of Singapore’s fourth-generation (‘4G’) leadership, chairs the tripartite Future Economy Council, and will add clout to the 15th SIRC whose theme is “Reinsurance Reloaded”.

Gear up for “Reinsurance Reloaded” at this year’s 15th SIRC

The reinsurance industry stands at a crossroads, driven by powerful winds of change – the rapid pace of technological advancements that present opportunities and challenges by external disruptors and cyber threats – which has sparked the re-imagining of a new industry ecosystem, fuelled by digitalisation, innovation, transformation and greater cross-industry collaboration, and marks the dawning of the industry’s Fourth Industrial Revolution.

Asia under-insured and economically vulnerable to cyber threats

Commenting on a new report released by Lloyd’s and Cyence on 17 July - "Counting the Cost: Cyber Exposure Decoded", Kent Chaplin, Chief Executive of Lloyd's Asia Pacific suggests that Asia remains under-insured and economically vulnerable to cyber-related threats. While awareness and demand for cyber cover are growing, Asia is still slower in taking up cyber insurance com