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Munich Re: Rising exposures need a sustainable approach

Source: Asia Insurance Review | Oct 2012

Dr Tobias Farny, CEO Asia Pacific, Munich Re, advises that with the large losses from 2011, there is a need for rectifications in terms of how reinsurance is priced and structured. However, he stresses that this is not about seeking payback but the fact that exposures are rising. He also emphasises the importance of sustainability when arranging insurance and reinsurance.
By Benjamin Ang

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