In this article from Intelligent Insurer connected with the 2024 Singapore International Reinsurance Conference, Guy Carpenter’s David Priebe, Chairman, talks about the need for reinsurers to listen to clients, add value and help solve problems.
“It’s time to get back into the job of serving the customers—the primary insurance clients and the capital providers,” David explained. “Striking the right balance between these two is essential.”
He went on to express optimism about the Asia market.
“The basic P&C market continues to improve and expand, creating ample opportunities,” David continued. “The marketplace will see significant growth,” as insurance penetration levels rise and economic development accelerates.
In particular, Guy Carpenter is expanding its presence in the life and health sector in the region, seeing opportunity where the market is becoming more accessible, allowing for new capital to enter and requiring deeper expertise, David explained.