Ready for a RESET? Bold visions, debate, embracing change: SIRC 19 starts here

Reinsurers and their clients are gathering at the 19th Singapore International Reinsurance Conference this week.

Amid the gleaming skyscrapers of Singapore, the world’s reinsurers and their clients gather once more. The 19th Singapore International Reinsurance Conference (SIRC) isn’t just another tick on the calendar, it’s an important overture to the renewal season—and, more importantly, a challenge to think beyond the traditional dialogues, to lean in and ‘RESET’.

In an exclusive interview with SIRC Today, three prominent executives responsible for the event cast light on the ethos of this year’s gathering: Marc Haushofer, chairman of the Singapore Reinsurers Association (SRA); Jeffrey Yeo, SRA’s current executive director; and Jeslyn Tan, the soon-to-be successor.

Haushofer mused: “SIRC is different from the Monte Carlo Rendez-Vous. This conference is where people get together to discuss topics that are on everyone’s mind. But above all, where everyone contributes to the overall theme.”

A sneak preview: more exclusive content and interviews inside

The peak of the hard market has passed: TMK

Maintained discipline will be necessary to avoid the pitfalls experienced last decade.

Holistic capital strategy needed: GC

Insurers are grappling with the higher cost of equity.

A sneak preview: more exclusive content and interviews inside

Hannover Re sees no renewals surprises but worries on geopolitical events

A consistent perspective on risks and capital allocation are key to growth.

Hannover Re is optimistic about the renewal season, anticipating “no surprises, we hope” and discipline in line with this year’s 1/4 and 1/7 renewals. But Sharon Ooi, an executive board member at the reinsurer, does have some concerns, including geopolitical tensions and their potential impact on Asia.

“You have to be cognisant around the geopolitical tensions we’re seeing globally. The wars that have erupted will always have ongoing repercussions that can impact the Asia-Pacific markets as well,” she warned.