Artemis Live - Insurance-linked securities (ILS), catastrophe bonds (cat bonds), reinsurance 19: Peak Re CEO Franz Josef-Hahn & Director Iain Reynolds' keynote at ILS Asia 2020
Aug 5, 2020
42:27
In this podcast episode we hear from Franz Josef-Hahn, CEO of Hong Kong headquartered reinsurance company Peak Re and Iain Reynolds, Director & Head of Analytics at Peak Re, who gave a keynote presentation on the developing Asia reinsurance and ILS market.
The pair highlighted rapidly increasing probable maximum losses (PMLs) across Asia, as development and urbanisation accelerates at scale in the region.
This highlights the need for more insurance and reinsurance capital, as well as the need for better data and modelling to support risk transfer and deployment of capital into the burgeoning risks in Asia.
The scale of the PML's that Peak Re believes will accumulate in areas like the Greater Bay region of China suggest that insurance-linked securities and the capital markets have an essential role to play in supporting expansion of insurance across these areas.
As a result, Peak Re's CEO Franz Josef Hahn said that ILS capital can support the emerging opportunity for underwriting Asian risks, and highlighted his companies partnership role with investors, as well as its recent investment into the segment with its acquisition of Lutece and formation of its own ILS fund manager Peak Capital.
Following the keynote I spent 15 minutes quizzing Franz and Iain, which you can hear at the end of this podcast episode as well.
The pair highlighted rapidly increasing probable maximum losses (PMLs) across Asia, as development and urbanisation accelerates at scale in the region.
This highlights the need for more insurance and reinsurance capital, as well as the need for better data and modelling to support risk transfer and deployment of capital into the burgeoning risks in Asia.
The scale of the PML's that Peak Re believes will accumulate in areas like the Greater Bay region of China suggest that insurance-linked securities and the capital markets have an essential role to play in supporting expansion of insurance across these areas.
As a result, Peak Re's CEO Franz Josef Hahn said that ILS capital can support the emerging opportunity for underwriting Asian risks, and highlighted his companies partnership role with investors, as well as its recent investment into the segment with its acquisition of Lutece and formation of its own ILS fund manager Peak Capital.
Following the keynote I spent 15 minutes quizzing Franz and Iain, which you can hear at the end of this podcast episode as well.