PMPresentation

Global Reinsurance Consultants Ltd: 

Global Reinsurance Consultants Ltd Peter Matthews Managing Director

Slide2: 

Overview of Asian Run-Off Exposures Specific Markets including Collection Difficulties and Levels of Deals Possible – (South Korea/Singapore/India) Global Re’s ‘Secrets’ for Success Maximising Your Reinsurance Recoveries In Asia

Worldwide Collection Successes: 

Worldwide Collection Successes Where Global Re have collected for Clients

Extent of Run-Off in Asia: 

Extent of Run-Off in Asia Countries with Large numbers of Run-Off Exposures – India/Japan/South Korea/Singapore/China Countries with Small Run-Off Exposures – Mongolia/North Korea/Thailand/Malaysia/ Pakistan Countries with Medium Run-Off Exposures – The Philippines/Indonesia/Taiwan

Recoveries in Asia: 

Recoveries in Asia Recoveries in Asia

Changes in approach from Asian Companies: 

Changes in approach from Asian Companies Ownership changes International Business Relationships Statute of Limitations

South Korea: 

South Korea Korean Lloyd’s Traditional Costume Korea Buddhism Tteokkkochi Gui and Tteokjjim Seoul City Tour Bus

Singapore: 

Singapore Raffles Hotel Singapore Turf Club Singapore Sling Sri Mariammam Temple Bottle Collector

India: 

India Snake Charmer Wedding-Musicians Hotel Park Sheraton & Towers Chennai Taj Mahal Indian Transport

Difficulties in collecting from South Korea/Singapore & India (I): 

Difficulties in collecting from South Korea/Singapore & India (I) Time Differences Language Barriers Ring – Fencing of the old liabilities

Difficulties in collecting from South Korea/Singapore & India (II): 

Difficulties in collecting from South Korea/Singapore & India (II) Subscription Markets Lack of dedicated run-off staff Lack of Outsourcing

Difficulties in collecting from South Korea/Singapore & India (III): 

Difficulties in collecting from South Korea/Singapore & India (III) Accepting predecessors underwriting liabilities IBNR Time Bar

Level of Deals Achievable in Asia (I): 

Level of Deals Achievable in Asia (I) Unpaids Loss Reserves IBNR

Level of Deals Achievable in Asia (II): 

Level of Deals Achievable in Asia (II) Further Discounting? Instalments Timing

Global Re’s Collection Secrets (I): 

Global Re’s Collection Secrets (I) Relationships Effective Communication Trust

Global Re’s Collection Secrets (II): 

Global Re’s Collection Secrets (II) Travel Leverage Persistence

Conclusion: 

Conclusion An Overview of Asian Run-Off & Global Re’s experience of Maximising Reinsurance Collections Focused on particular markets – South Korea/Singapore/India Provided you with our ‘Trade Secrets’ for Maximising Your Reinsurance Recoveries in Asia …. And if you can meet the requirements for collection success in Asia then the consultant is an endangered species.

Global Reinsurance Consultants Ltd: 

Global Reinsurance Consultants Ltd