HomeDIGITAL ASSETS REGULATORYsingapur_MAS"Enhancing Resilience: Addressing Asia's Protection Gaps through Reinsurance" - Keynote Address by...

“Enhancing Resilience: Addressing Asia’s Protection Gaps through Reinsurance” – Keynote Address by Mr. Ravi Menon, Managing Director of the Monetary Authority of Singapore, at the 19th Singapore International Reinsurance Conference 2023 on October 30, 2023

During the 19th Singapore International Reinsurance Conference, Mr Ravi Menon, the Managing Director of MAS, discussed three key factors that can drive the growth of the reinsurance industry in Asia. The first enabler is enhancing ex-ante risk mitigation, which involves taking proactive measures to minimize risks before they occur. The second enabler is addressing data gaps, which refers to the need for more comprehensive and accurate data to make informed decisions. Lastly, unlocking new insurance capacity is crucial to meet the increasing demand for insurance products in the region. By focusing on these enablers, the reinsurance industry can effectively support Asia’s growth.

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