PMPresentation

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Travel-Nature

Published on March 30, 2008

Author: Wen12

Source: authorstream.com

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

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