Mitsui Sumitomo Insurance coverage Group subsidiary MSIG Mingtai has cast a partnership to leverage Moody’s RMS’ Taiwan earthquake and hurricane threat fashions.
The Taiwan-based insurer will leverage the answer to bolster its earthquake and hurricane threat analytics to supply knowledgeable insurance coverage providers.
MSIG Mingtai chairman Yosuke Matsunobu and president Calvin Chen mentioned: “Along with fulfilling the required analysis requirements for pure disaster dangers as a part of the broader MSI Group, utilizing Moody’s RMS fashions additionally helps us higher handle disaster threat accumulation, and to securely ship our insurance coverage providers with larger peace of thoughts.
“We’re dedicated to working intently with our shoppers, and by sharing helpful insights utilizing high-quality publicity knowledge, as a enterprise MSIG Mingtai may help our shoppers to higher mitigate earthquake and hurricane dangers.”
Moody’s RMS managing director Andrew Hare pressured the position of inclusive evaluation and insights in adopting knowledgeable threat selections within the insurance coverage sector.
Hare mentioned: “Moody’s RMS is devoted to supporting our shoppers’ threat administration necessities throughout all areas and geographies.
“Our distinctive mixture of scientific experience and superior know-how permits us to constantly present the required info for efficient threat administration selections.”
Based in 1961, Mingtai was acquired by Mitsui Sumitomo Insurance coverage Group in 2005 and was subsequently named MSIG Mingtai.
In step with MSIG’s enterprise insurance policies, MSIG Mingtai is exploring varied insurance coverage merchandise for the Taiwan area.
In April this yr, MSIG entered a common insurance coverage distribution settlement with HSBC in Singapore.
Below the unique bancassurance alliance for 15 years, MSIG will supply varied industrial and private insurance coverage providers to HSBC shoppers in Singapore.
