Peak Re: Visionary in Reinsurance for Emerging Markets APAC 2024

Peak Re has demonstrated a strong commitment to expanding reinsurance solutions for Asia-Pacific’s emerging markets, focusing particularly on underserved middle-class communities. The firm leverages its extensive experience in the region to address critical needs, such as providing sustainable insurance options that help prevent vulnerable families from sliding back into poverty due to natural disasters. With an emphasis on driving microinsurance growth, particularly in countries like the Philippines and Indonesia, Peak Re supports regulatory developments aimed at making insurance accessible to broader populations. In addition, it collaborates with international and local partners, regulators, and academic institutions to deepen resilience and improve climate risk assessment models, highlighted by its AI-driven climate project with the Hong Kong University of Science and Technology. The company utilises cutting-edge technology in risk and capital management systems, optimising cloud-based resources, machine learning, and cyber risk assessment platforms to streamline and strengthen its operations. Focused on bridging the insurance gap, Peak Re is expanding its automated systems to better support treaty business with clients who may not yet be fully digitised, driving operational efficiency and robust client servicing solutions across the Asia-Pacific region. By maintaining partnerships with local insurers, academic institutions, and regulatory bodies, Peak Re not only bolsters its market position but also plays a key role in shaping the future of reinsurance in markets with young, rapidly growing populations. The CFI.co Judging Panel congratulates Peak Re on winning the 2024 award for Visionary in Reinsurance for Emerging Markets (APAC).