Swiss Re provides financing solutions for insurers in China

Due to the further strengthened regulations on solvency and capital in China, the three sources of capital for insurers “equity, debt, and reinsurance” have now reduced to “equity and reinsurance” only. What are the pros and cons of these two sources? How can insurers best use them to drive business forward in China and use reinsurance to improve their solvency? How to capture opportunities in the rapidly growing insurance market?

These questions were disscussed at the 3rd Swiss Re annual CFO roundtable on capital management on 31 March 2011 in Beijing. Along with Swiss Re Group CFO George Quinn, more than 30 CFOs and senior executives of Property & Casualty and Life & Health insurance companies in China attended the event to exchange views on a wide range of issues in capital management.

During the one-day event, George Quinn shared with the audience his views on capital management at Swiss Re to kick-off the conference. Guest speakers from the Bank of America Securities-Merrill Lynch and the Boston Consulting Group, as well as Swiss Re representatives gave presentations on how analysts view the performance of insurers, how insurers can quickly recover from natural disasters such as the recent earthquakes in Japan and New Zealand, regulatory and market scenarios in China and the corresponding reinsurance needs, and how to meet the strategic challenges in the post-financial crisis era in China.

Feedback from the participants were highly possitive, and follow up discussions are going on at the requests of clients.

Similar discussions on capital management were conducted in the same week in Hong Kong where George Quinn met with around 30 regional insurance CFOs.