The impact of COVID- 19 on the APAC insurance market is not to be underestimated. As a result of the global economic slowdown, the business performance of many companies in the region is going down, while the size of claims related to business interruption and liability is only increasing. In addition, the pandemic was not the only problem in 2020. Billions in insured losses occurred due to wildfires and floods, which were record-breaking. However, the APAC region has managed to recover much quicker than the rest of the world. Why did it happen and how it affects the management of insurance claims?
During the course of two days, regional claims experts and representatives of major insurers will try to answer both questions. Challenges related to COVID- 19, arise of business interruption claims, fraud digitalization, a rapid transition towards virtual, increase in class action cases, and the effect of climate change in catastrophe modeling will be addressed at the event.
Regional experts will gather virtually to share their views on the global and regional challenges and opportunities, and will try to answer the main question: “Will we come back to usual or has the world changed forever?”