Dr. Yoshihiro Kawai, SEADRIF Initiative Director and Chairman of SEADRIF Insurance Company, participated in the Peak Re (Peak Reinsurance Company) inaugural Forum 2024, “Sustainability in a Changing World.”. It was held on 23 September 2024. More than 150 participants from across the globe attended the forum.
The Peak Re Forum explores the opportunities and challenges that are changing Asia’s insurance industry landscape.
Dr. Kawai delivered a thought-provoking speech on the transformative trends reshaping Asia’s insurance industry, emphasizing the need for collaboration between governments and industry players to close the financial protection gaps. He advocated for the adoption of ex-ante measures including insurance, fostering dialogue between governments and industry, promoting joint insurance systems, and supporting regulation around CAT bonds and parametric insurance. Dr. Kawai highlighted the SEADRIF model of insurance for public assets such as hospitals, roads, and bridges, to lighten the financial burden on governments when disasters strike.
