Himavant Mulugu, director for impact forecasting, Aon, said developing risk models and forecasting involves hydrologists, statisticians, programmers, and experts in financial mathematics, probability, and extreme value theory. Mulugu spoke with AM Best TV at the Singapore International Reinsurance Conference.

Pavlos Spyropoulos, regional managing director, Asia, Tokio Marine Kiln, cited increased costs in labor and materials for property rebuilding as an example of how inflation can escalate claim costs. Spyropoulos spoke with AM Best TV at the Singapore International Reinsurance Conference.

Javkhlant Batmunkh, Mongolian Re, said the Mongolian government is moving toward a broader disaster risk framework. Batmunkh spoke with AM Best TV at the Singapore International Reinsurance Conference.

Ian Lim, CEO, Lexasure Financial Group, said digitally enabling client companies helps to provide support to a wide range of coverage areas. Lim spoke with AM Best TV at the Singapore International Reinsurance Conference.

Chris Lim, Yi Ding and Ken Lau, all of AM Best, said the calibration of an NSR is specific and unique to each country. The three spoke with AM Best TV at the Singapore International Reinsurance Conference.

Ahmad Noor Azhari, CEO, Malaysian Re, cautioned that some insurance companies view reinsurance as a tool to propel top-line growth. Azhari spoke with AM Best TV at the Singapore International Reinsurance Conference.

The pace of change will never be this slow again, said Mo Tooker, head of Enterprise Sales & Distribution, Global Specialty, and Middle & Large Commercial, Hartford Financial, referencing the insurer's new Risk Monitor Report.

Allianz Report Identifies Major D&O Risk Trends Vanessa Maxwell, global head of financial lines for Allianz Commercial, discusses the company's recently released report that identifies the major directors and officers risk trends for 2024, including insolvencies, artificial intelligence and geopolitical risks.

Standard and nonstandard auto insurers are challenged by higher repair costs, labor and supply chain issues, and rising fatalities, said AM Best Associate Director David Blades and Associate Analyst Nasheeta Mahbub.

The direct incurred loss ratio for the first half of 2023 was more than three points above the prior year despite a 10.5% rise in premiums, said AM Best Associate Director David Blades and Senior Industry Analyst Christopher Graham.