Risk-based capital laws, stronger regulations key drivers of insurance growth: Aon Benfield
Posted On: Nov. 2, 2017 5:34 AM CSTA report by U.K.-based reinsurance broker Aon Benfield Group Ltd. found that the spread of risk-based capital laws, and stronger regulations covering risk management and corporate governance are key trends driving insurance growth in the Asia-Pacific region, Asia Insurance Review reported. Meanwhile, insurance regulators in Singapore and Thailand are considering adding catastrophe risk into solvency capital calculations as part of their risk-based capital initiatives. In the Philippines, catastrophe risk charge is included in solvency requirements, while Hong Kong plans to include the charge.