Peak Re

Peak Re is thrilled to announce our inclusion in the prestigious 2024 IB Asia Top Insurance Employers list! We take immense pride in being recognized as a top employer in the insurance industry. "Our success is driven by our incredible team, whose passion and dedication make all the difference." - Franz-Josef Hahn, CEO of Peak Re. This honor reflects our commitment to excellence and the dedication of our agile, entrepreneurial, and innovative team. A huge thank you to our colleagues for their participation and contribution. We also extend our gratitude to Insurance Business Asia for this recognition. #PeakRe #TopEmployer #Agile #EntrepreneurialSpirit #Teamwork #CourageToDeliver

AM Best has reaffirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Peak Reinsurance Company Limited in Hong Kong and its subsidiary Peak Reinsurance AG in Switzerland. At the same time, the rating agency revised the rating outlook to stable from negative. This highlights our strong balance sheet, effective risk management, and commitment to excellence. CEO Franz-Josef Hahn expressed appreciation for AM Best’s decision, recognizing our robust fundamentals and team dedication. We remain committed to serving our clients with excellence and reliability. For more information on the rating, please see AM Best’s press release.  https://lnkd.in/g9cZJqBE #PeakRe #FinancialStrength #RiskManagement

The countdown begins! The Peak Re Forum - Sustainability in a Changing World is just 34 days away. Join us for this insightful event where Luxi Zhou, meteorologist at Peak Re, will explore the risks and opportunities of climate change alongside our renowned speakers. Discover how enhanced models and improved projection accuracy can revolutionize underwriting and portfolio management. Don't miss this chance to gain valuable insights and stay ahead in the industry! RSVP for the 23 Sep Forum at Hong Kong Palace Museum: https://lnkd.in/gwKVwhjU #ClimateChange #Underwriting #PortfolioManagement #Riskmanagement

On July 24th, Peak Re's volunteers participated in a blood drive organized by the Peak Re Social Committee in collaboration with the Hong Kong Red Cross Blood Transfusion Service, showcasing our commitment to giving back to the community. This initiative plays a crucial role in enhancing community resilience and well-being, aligning with our mission of sustainable impact. We're proud to support such meaningful causes and promote a culture of care and responsibility. A big thank you to everyone involved for their courage and generous spirit. Together, we’re making a difference! #CommunitySupport #BloodDonation #CourageToDeliver #ProudMomentatPeakRe

Discover groundbreaking insights at the Peak Re Forum 2024: “Sustainability in a Changing World” on 23rd September at the Hong Kong Palace Museum Auditorium Room. We're excited to feature Clarence Wong, Chief Economist at Peak Re. He will unveil insights from the upcoming Peak Re 2024 Middle-Class Consumer Survey, releasing during the East Asian Insurance Congress week of 23rd September 2024. Clarence will delve into crucial topics like elderly care and women's insurance. Watch the video below for a preview from Clarence! Don't miss out - reserve your spot today: https://2vx.co/xX6N9zR #middleclass #insurance #riskmangement

Poll Results: 49% of respondents want Peak Re to prioritise insights into the changing needs of elderly care in our next middle-class consumer report. We are experiencing a global trend of a rapidly ageing population. By 2050, one in four people in the Asia-Pacific region will be over 60.* Alongside other societal trends such as increasing longevity, changing family structures, and lower birth rates, the demand for elderly care is surging at an unprecedented rate. As a reinsurer, we recognise the importance of stepping up, offering enhanced coverage options, improving healthcare access, and addressing gaps in the public healthcare sector. Peak Re's survey will look into individuals’ changing needs in elderly care, uncovering new insights and opportunities. The report will be out in the fall. Follow us for updates. For the previous report: https://lnkd.in/ggRPq-mG *Source: United Nations Population Fund (UNFPA)

Peak Re is excited to present its inaugural Peak Re Forum 2024 - Sustainability in a Changing World！ Join us as we explore the major opportunities emerging in Asia, the world's most dynamic economic region. This forum will dive into the transformative trends reshaping the insurance industry's approach to risk management and business development. Event Details: *Date: 23 Sep 2024 *Venue: Hong Kong Palace Museum Auditorium Room Strategically planned in conjunction with the week of East Asian Insurance Congress in Hong Kong Climate Risk Insights: - Uncover cutting-edge research that provides unique insights and clarity into the risks posed in Asia by increasingly frequent and severe climate catastrophes. - Explore scientific advancements, innovative approaches and technological solutions that can effectively inform and enhance insurance practices to build resilience in uncertainty.   Risks and Opportunities: - Hear fresh perspectives from our Peak Re specialists and expert panelists from the industry, public sector, and academia, as they discuss strategies for navigating the protection gaps in Asia. - Gain insights into the key trends defining the outlook for the insurance market in Asia, driven by the region’s growing middle-class society and pressing concerns of rapid climate change. Engage with renowned experts, thought leaders, and industry pioneers at this landmark insurance forum. Learn about the latest trends, opportunities, and challenges in the Asian insurance market, and gain valuable insights to shape your organization's business strategies. Spaces are limited, REGISTER NOW! https://lnkd.in/gwKVwhjU Stay tuned for more updates!

We are proud to announce that Peak Reinsurance Company Limited (Peak Re) has been recognized for excellence at the Insurance Asia Awards 2024: * Asian Reinsurer of the Year - Gold * CEO of the Year for our visionary CEO, Mr. Franz-Josef Hahn These prestigious awards underscore our commitment to innovation and agility in a year marked by economic uncertainties and natural disasters. Despite these challenges, the company achieved its best-ever annual net profit of USD 200 million in 2023, based on the latest IFRS 9 and IFRS 17 accounting standards. Key Highlights of Our Achievements: - Settling 86% of reinsurance claims within ten days on average between 2021 and 2023, demonstrating our dedication to efficient and responsive customer service. - Enhancing our IT infrastructure and fostering a multicultural and inclusive workforce, with 45% of our functional leadership roles occupied by women. - Sponsoring Hong Kong’s first 144A catastrophe bond in 2022, providing substantial protection against typhoon risks in Japan. Meanwhile, the CEO of the Year award highlighted Franz-Josef Hahn's transformative leadership at Peak Re. Co-founding the company in 2012, Mr. Hahn has been instrumental in steering it through a decade marked by numerous industry upheavals, including the pandemic and rising natural catastrophe losses. Under his guidance, Peak Re has not only survived these challenges but has thrived, achieving record-breaking financial outcomes. "I am deeply honoured by this recognition and grateful to the judges and organizers. Our success is built on the unwavering trust and support of our dedicated team and loyal clients. This award inspires us to continue pushing boundaries and delivering exceptional value." said Franz-Josef Hahn, CEO of Peak Re. As we look to the future, we remain dedicated to delivering client-centric reinsurance solutions and continuing our trajectory of growth and influence in Asia and beyond. Thank you to everyone who has been part of this incredible journey. Your belief in Peak Re fuels our drive to innovate and excel. #PeakRe #InsuranceAsiaAwards #Reinsurance #Innovation #ClientCentricity #Sustainability #Leadership

Did you know?    1 out of 5 cybercrime victims experienced severe damages, especially in India where the average loss is a substantial USD543, equivalent to one-fifth of their GDP per capita in 2023.* Only 8% of these cases were fully recovered, leaving 30% of victims without any form of compensation.   This underscores the need for robust cybersecurity measures and enhanced protection for individuals, to safeguard both their financial and emotional wellbeing from digital threats.    Understand more in our full report - Peak Re 2023 Asia Middle-Class Consumer Survey: https://lnkd.in/ggRPq-mG   *The GDP per capita (current prices) in India in 2023 is US$2,610. Source: International Monetary Fund 

Last week, Peak Re hosted a pivotal China Seminar in Nanjing, bringing together leaders in the re/insurance industry. The seminar addressed critical issues reshaping both businesses and individual lives, including climate change, cybersecurity, progress in healthcare, catastrophe contract pricing, and innovative insurance approaches.   At Peak Re, we are driven by the belief in the transformative power of collaboration and insight to navigate our ever-changing world. This seminar was a vibrant testament to our commitment to not only respond to changes but to innovate with courage.   David Menezes, Company CRO at Peak Re, highlighted, "In these challenging times, our ability to adapt and innovate is not just an advantage but a necessity. We are here not only to face the future but to shape it, ensuring our clients are always one step ahead. At Peak Re, we operate with the courage to deliver, embodying client-centricity in everything we do."   Stay tuned for more updates on our upcoming events!