Eliot Partnership is thrilled to share a compilation of insights collected by our team members who attended the 19th Singapore International Reinsurance Conference (SIRC). During the event, our team immersed themselves in discussions about the current market landscape, examined emerging risks, and delved into the leadership and future of reinsurance. Here are the key takeaways from our team:
Insights from #SIRC2023:
Olivia: Elevating Data Standards for (Re)insurers
“Data has become one of the most valuable assets for organisations. It is imperative for (re)insurers to uplift their data quality standards and have a strategy in place to access high-quality external data. Data capture and synthesis is at the core of every (re)insurance innovation today."
Ricarda: Navigating the Evolving Landscape of (Re)Insurance
“SIRC received a record attendance this year, and it was fascinating to see how much the conference has advanced over the years. Key topics evolved around creating sustainability across the entire insurance value chain, how to best adapt and use emerging technologies and how to attract and further motivate talent. There is a lot more to do for the industry across all these areas and we look forward to continue to play a crucial part within.”
Andreas: SIRC's Ascension to New Heights
“Having attended all SIRC Conferences since the inaugural one back in 1991, it was fantastic to witness first-hand how this 19th SIRC has reached new heights in terms of number of delegates and geographical representation, thereby further cementing the role and importance of Singapore as a hub and gateway to the region. Benign catastrophe activity in Asia this year and favourable hard market trading conditions coupled with continued strong growth potential are the right ingredients to keep this region high on the agenda of market participants’ growth and expansion strategies. This is where finding and acquiring the right talent across all areas is playing a critical role and is the key to success.”
Guy: Singapore as a Hub for Talent and Innovation
“SIRC this year felt busier, more vibrant and more relevant than ever before. As a marketplace, Singapore feels like it has firmly established itself as the regional hub for talent and innovation.”
Andrew: SIRC's Premier Status in the Market
“The SIRC has firmly established its position as the premier reinsurance event of the Asian year, reflected in a record attendance of delegates from all over the world coupled with tremendous atmosphere of togetherness and camaraderie. The outgoing Chair, Marc Haushofer, has clearly done an incredible job during his tenure.”
Graeme: Singapore's Role in Tech/Digital and Innovation Space
“Being the first SIRC conference that I have attended, it struck me as one of the most well attended conferences by geographical and market representation. Discussions were wide ranging, topical and stimulating, from ESG to cyber, capacity and the continued hard market conditions.”
As we reflect on the insights shared by our team members at the 19th Singapore International Reinsurance Conference, it is evident that SIRC continues to be a cornerstone for fostering collaboration, innovation, and strategic thinking within the (re)insurance industry. Eliot Partnership remains dedicated to staying at the forefront of these discussions, contributing to the industry's growth, and navigating the evolving landscape with resilience and foresight.