Its innovative and tailored solutions to address business challenges
Peak Reinsurance Company Limited, a Hong Kong-based global reinsurance company, was recognised at the Reinsurance category in the latest edition of the HKB National Business Awards for creating more dynamic and innovative solutions to clients and addressing risks consistently and appropriately to build trust. As a global reinsurer, it is adapting quickly to the changing risk landscape.
The SARS outbreak in 2002/2003 led to better preparation of the insurance industry, and Asia is comparatively better prepared for pandemics based on experience with several outbreaks. It is important that re/insurance companies, which are at the heart of the risk management industry, can learn from each event to better prepare for future known risks. Given the increased awareness of mortality and health risks, demand for health and other insurance products in emerging Asia continues to grow, providing growing opportunities for reinsurers.