Across property and casualty (P&C) and life and health (L&H) markets in Asia, demand for insurance and reinsurance protection is rising, and this trend is expected to persist against a backdrop of climate change and inflationary challenges, according to Franz-Josef Hahn, CEO of Hong Kong reinsurer, Peak Re.
“The demand for insurance and reinsurance is increasing, and this is not going away,” said Hahn, in a recent interview with Reinsurance News. “We see the demand, even from China, from India, and the whole Southeast Asian markets and other South Asian markets, increasing. And this is not only on the industrial side, but also particularly on the personal side.”
