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Following 16 years of steadily declining premium rates, worldwide Engineering Insurance rates have rebounded in many markets, but only to levels last seen in 2012/13. Malaysia might be considered to be lagging other markets in rate rises. This presentation looks at the impact of rate rises globally, and how they compare via the latest International Association of Engineering Insurers (IMIA) dedicated rating and loss ratio indices for Engineering Insurance covers.
IMIA’s statistics working group, led by Executive Committee members Dieter Spaar of HDI and Simon Dejung of Scor have teamed up with Zurich based independent insurance market data analyst, PERILS, to produce reference points which help the Engineering Insurance markets to benchmark their activities.
IMIA’s Rate Change Index, first developed in 2017, has now been supplemented by the new Loss Ratio Index and the Mega Loss Index, with the aim of making complex Engineering Insurance market trends easier to follow.
Speaker’s Profile
Simon Dejung is by background a biochemical engineer M.Sc. and worked for 10 years as a project manager for the pharmaceutical and renewable power industry.
Since 10 years he works for SCOR as an engineering treaty underwriter, managing a global portfolio with focus on London market, EMEA and part of Americas.
Simon joined IMIA’s executive committee 2019.
Registration Closes: 27 October 2020, 6.00 p.m.
Registration Fee
MII Members: Complimentary
Non Members: RM 50.00
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