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PR Newswire
06-11-2014, 10:45 AM
Singapore capital market needs less of the insurance service, but might be a good business to provide insurance service to the rest of Asia capital market...
S'pore explores initiative to study insurance protection against natural disasters
SINGAPORE (Nov 6): Capital markets in Asia need to work together to better manage the region's increasing exposure to risks relating to natural catastrophes, says a senior Singapore central bank official.
"One less talked about area where market integration holds great promise is in insurance. Although natural catastrophes – and damage caused by them – have risen in Asia in the last ten years, we remain significantly underinsured against perils like flooding," Jacqueline Loh, the Monetary Authority of Singapore's Deputy Managing Director, said at a conference yesterday.
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http://www.theedgemarkets.com/sg/article...-disasters
S'pore explores initiative to study insurance protection against natural disasters
SINGAPORE (Nov 6): Capital markets in Asia need to work together to better manage the region's increasing exposure to risks relating to natural catastrophes, says a senior Singapore central bank official.
"One less talked about area where market integration holds great promise is in insurance. Although natural catastrophes – and damage caused by them – have risen in Asia in the last ten years, we remain significantly underinsured against perils like flooding," Jacqueline Loh, the Monetary Authority of Singapore's Deputy Managing Director, said at a conference yesterday.
...
http://www.theedgemarkets.com/sg/article...-disasters
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