
Boston-based AIR releases new catastrophe models for Asia-Pacific
"The Asia-Pacific region is an extremely active part of the world in terms of both seismic and tropical cyclone activity," said Neil Wiseman, managing director of AIR in London. "As the primary and reinsurance markets in Asia continue to develop, managing catastrophe risk will become increasingly important.”
Indeed, the Asia-Pacific market is becoming an increasingly important area for the issuance of catastrophe bonds, and for weather derivatives. In its annual survey, the Weather Risk Management Association found that 445 weather derivatives contracts, worth $90 million, were traded in Asia last year – an increase of 304% and 100% respectively over the 2000/2001 figure. The Asian market has also been the beneficiary of weather risk innovation, market participants noted, with the launch of typhoon derivatives by Japan’s Tokio Marine & Fire Insurance earlier this year.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk management
Regulation
What lies beneath: Nomura’s iceberg balance sheet
Collateral received by the Japanese bank exceeds its total on-balance-sheet assets – does it matter?
Receive this by email