Amidst the current backdrop of emerging risks, new capital and new technology, it is not sufficient to rely on a red ocean strategy; there is a need to "open new horizons" and to "open them together", said Monetary Authority of Singapore (MAS) Deputy MD Jacqueline Loh in her keynote address yesterday. Sharing observations on the current (re)insurance landscape, she also outlined several initiatives spearheaded by the Authority to tackle today's challenging trends including a cyber risk test bed alliance, a Nat CAT data analytics exchange platform, and a new varsity major in risk management and insurance.