Regional Insurance Trends and Risks - PowerPoint PPT Presentation

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Regional Insurance Trends and Risks

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Moderately high. Australia. H.Kong (gen) N.Zealand. Sing ... Concentration of risk. Expansion outside expertise. Loss of market confidence. Business Breakup ... – PowerPoint PPT presentation

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Title: Regional Insurance Trends and Risks


1
Regional Insurance Trends and Risks
  • Ian Thompson
  • Managing Director
  • Financial Services Ratings
  • Standard Poors

2
Agenda / Table of Contents
  • Why financial strength is important
  • Industry Outlook a Regional Perspective
  • Industry and Economic Risk Regional Snapshot
  • Causes of Failure
  • Red Flags

3
Outlook for Insurance Markets
4
Economic and industry risk Scatter diagram of
risk profiles
Economic risk
Very high High Moderately high Moderate Moderately low Low
Low
Moderately low H.Kong (life) Sing (life) Japan (gen)
Moderate Malaysia Taiwan (non-life) Australia H.Kong (gen) N.Zealand Sing (gen)
Moderately high China (non-life) Thailand Korea Japan (life) Taiwan(life)
High China (life) Philippines
Very high Indonesia India
Industry risk
5
Causes of failure
  • Over trading or under pricing
  • Uncommitted capital
  • Under reserving
  • Poor asset quality
  • Liquidity
  • Inadequate or ineffective reinsurance
  • Poor management
  • Fraud
  • Size
  • Age

6
Red Flags
  • Rapid Growth
  • Concentration of risk
  • Expansion outside expertise
  • Loss of market confidence
  • Business Breakup
  • Change of ownership
  • Undue reliance on third party support
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