Welcome to SIRC Today
The Singapore International Reinsurance Conference (SIRC) will again hold its annual conference virtually this year, but it will once more deliver an agenda full of great content and senior speakers.
For this year’s edition of SIRC Today, we are again reporting on this packed and exciting agenda while complementing this with a number of video interviews with senior executives in the region conducted before and during the conference.
We will also report on the press conferences and events happening around the event and speak to individuals engaging with the event virtually.
This allows us, as ever, to provide in-depth analysis of industry news and opinion, based on our speaking to the most senior leaders in the industry—asking the challenging questions and delivering the answers.
For the first time, this year the publication is truly multimedia. Almost all of our exclusive interviews and panel discussions are available in these pages for you to watch and listen to—in addition to reading our reporting on them.
We hope you find the content in these pages useful and informative—it may even give you an edge on the competition.
Wyn Jenkins, managing editor, Intelligent Insurer
A sneak preview: more exclusive content and interviews inside
A virtual event in tumultuous times
2021 is the second year that SIRC has gone online. How are its organisers coping?
When SIRC Today spoke to Marc Haushofer, chairman of the Singapore Reinsurers’ Association (SRA), it was not in the expected place of a luxury hotel in Singapore. Instead, this interview was done, like so many others, over an internet connection.
That was because, for the second year in a row, the Singapore International Reinsurance Conference (SIRC) is being held remotely.
“You can reach more people,” Haushofer said from an office in Singapore. “Because of that, you can probably say that it has become a truly global event. Before, it was more of an Asian event with a large focus on Europe.”
“We hardly saw anyone from the US or Bermuda. But with this virtual platform, it’s possible for our friends in the industry to be able to dial in whenever they want to attend.”
Next year, Haushofer said, would still not look like 2019, the last time that SIRC was held in person. But nor will it look like 2020 or 2021. The way forward, apparently, will be hybrid.
A sneak preview: more exclusive content and interviews inside
A sneak preview: more exclusive content and interviews inside
Asia-Pacific will deliver strong growth for insurers who must lead charge on climate and cyber
Singapore will do its part to fuel growth, including support for ILS, Minister Wong tells the 17th SIRC.
“As Asia grows, more lives, wealth and assets will need protection,” Wong told the online event.
Asia is poised for a wave of insurance growth as the continent “continues to lead globally in terms of economic growth, the rise of the middle class, wealth creation and urbanisation.”
Wong reported Asian insurance market growth at nearly twice the rate of growth globally and cited an Allianz study suggesting 8 percent average annual growth to 2030.