Following the recent wake of natural catastrophes such as Hurricane Katrina, Reinsurers now have to reinvent themselves to adopt more sophisticated risk management techniques to identify, model and monitor risks. The 8th Singapore International Reinsurance Conference is a must-attend biennial event in the International Reinsurance calendar. This year marks its 8th conference attracting a record number of more than 500 international delegates.

Held at the Raffles City Convention Centre, this business event saw the attendance of distinguished guests such as Mr Karl Wittmann, Member of the Board of Management of Munich Re; Mr Hans-Peter Gerhardt, CEO of AXA Re; Mr Kenneth Ng, CEO China International Re; and Mr Pat Kenny, President & CEO of International Insurance Society, Inc, USA, just to name a few.

Mr Low Kok Mun, Insurance Commissioner of the Monetary Authority of Singapore and Guest-of-Honour commented, “The theme of this conference on the management of Reinsurance cycles is very apt in the context of developments over the last few years” with reference to the recent Indian Ocean tsunami and the recent havoc-wrecking hurricanes in Gulf of Mexico.

Various speakers and panelists of the Conference concur with the need for Reinsurers to invest in appropriate risk management systems that will allow them to better assess risks to ensure their own long-term viability. Apart from keeping participants abreast of regional and international developments in the Reinsurance Industry and discussing strategic issues facing the industry, the event was the ideal platform for business networking among professionals from Insurance, Reinsurance and Reinsurance Broking Industries.