Asia faces increasingly complex risk, says MAS assistant managing director

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Asia's "risk landscape" is increasing in size, complexity and interconnectedness, and insurers will have to co-operate if they are to deal with these risks effectively, Ng Nam Sin, an assistant managing director at the Monetary Authority of Singapore, said yesterday.

Delivering the keynote address at the Asia Insurance and Reinsurance Conference, Ng said natural disasters had increased the size of risks, while rapid urbanisation and infrastructure development increased the complexity of risks

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