TAIPEI – InsuranceAsia News which offers in-depth interviews for Asia’s markets, has published our General Manager of Taiwan, Lawrence Li (opens a new window)’s comments on the local market trend in "International market’s appetite for Taiwan risks waning" published on November 29.
Please find the link to the article at https://insuranceasianews.com/international-markets-appetite-for-taiwan-risks-waning/ (opens a new window) but kindly note that this column is behind paywall.
Lawrence's commentary quote as below:
Lawrence Li
General Manager, Taiwan
Lockton
"What I’m seeing in the local market is that rates are rising, and insurers are not offering too much capacity for specific placements. Actually, securing a 100% placement for the renewal of many property policies has not been possible in the local market.
And on the other side, securing reinsurance treaty cover for local insurers is also a tough situation in this year’s renewal, especially the cost of nat cat risks."