Anthony Egerton, Principal Officer at Huntington Underwriting, said regulators are driving change throughout Asia, with markets taking different approaches. Egerton spoke with A.M. Best TV at the Singapore International Reinsurance Conference.
PricewaterhouseCoopers (PwC)and the Centre for the Study of Financial Innovation (CSFI) have joined forces to gather responses from senior insurers and close observers of the financial scene to learn what they see as the biggest threat.
A flood of low-cost Chinese funding is shaking up the global aircraft leasing market, with Chinese capital now accounting for 28% of the USD261 billion deployed by leasing firms worldwide, a study suggested.
Billionaire wealth increased 17% to USD6 trillion in 2016, after a decline the previous year, UBS Group AG and PricewaterhouseCoopers (PwC) said in a report. Led by China, the number of the region’s billionaires surpassed the US for the first time.
Bank Negara’s move to regulate the world of digital monies in the country from next year onwards is expected to instil some public confidence in the viability of these tokens, and hence encourage the growth of cryptocurrency adoption in the local market.
