SINGAPORE, Oct 12 (Bernama-BUSINESS WIRE) — AM Best’s Insurance Market Briefing – Singapore International Reinsurance Conference (SIRC)will explore the state of the global and Asia-Pacific reinsurance markets on Tuesday, 1 November as part of the SIRC 2022 “Re-Connecting” event.
The market briefing will take place at 4:00 p.m. (SGT) in the Heliconia Ballroom at the Marina Bay Sands Expo and Convention Centre, the same location as the overall conference. During the briefing, senior analytical leaders from AM Best’s international offices will provide (re)insurance market insight. AM Best currently maintains a stable market segment outlook on the global reinsurance industry, with Asia-Pacific reinsurers generally exhibiting improved results compared with global peers. Discussion topics will include a global market update of reinsurance developments and reviews of Northeast and Southeast Asia reinsurance markets and emerging risks, with outlooks for those regions. In addition, market trends for delegated underwriting authority enterprises (DUAE), such as managing general agents and other underwriting agencies, will be discussed with a primer on Best’s Performance Assessments for DUAEs — an industry-first tool providing an objective, independent opinion of a DUAE’s ability to perform services on behalf of carriers.