“Building Resilience in Asia: Insights on Reinsurance from Mr. Ravi Menon, Managing Director of the Monetary Authority of Singapore, at the 19th Singapore International Reinsurance Conference on October 30, 2023”

Mr Ravi Menon, the Managing Director of MAS, discussed three key factors that can support the growth of the reinsurance industry in Asia during the 19th Singapore International Reinsurance Conference. The first enabler is enhancing ex-ante risk mitigation, which involves taking proactive measures to prevent or reduce risks before they occur. The second enabler is addressing data gaps, which emphasizes the importance of having accurate and comprehensive data to make informed decisions in the reinsurance sector. Lastly, unlocking new insurance capacity is highlighted as another important enabler, as it allows for the expansion of insurance coverage and the provision of adequate protection to individuals and businesses in the region. These three enablers are crucial for the reinsurance industry to support Asia’s growth.

Read more