Alternative reinsurance is gaining ground in Asia

Typhoon Bopha-Philippine © Sonny Day, CC BY 2.0

This type of coverage is growing from year to year in Asia even though the reinsurance market there is shrinking in terms of premiums. This trend is accounted for by a combination of factors including the devaluation of local currencies.
Guy Carpenter has, nonetheless, noted continued growth for the limits purchased for natural catastrophe risks.