MSIG names RiskPoint Group as MGA for its | finance news
Basic insurer MSIG Asia has appointed RiskPoint Group as MSIG Singapore’s managing basic agent (MGA), with approval from the Financial Authority of Singapore (MAS).
The intention is to advance renewable power insurance coverage within the Asia-Pacific area.
This transfer is in keeping with MSIG Asia’s 2029 Development Ambition.
Utilizing Singapore’s place as a “regional insurance hub”, the aim is to offer protection for renewable power initiatives throughout the area.
On this regard, MSIG highlighted the position of renewable power as a essential driver of each financial and environmental progress, with nations within the area stepping up efforts to deal with climate change and improve power security.
MSIG, with its regional community and RiskPoint’s underwriting experience, appears to be like to deal with demand for insurance coverage within the renewable power sector.
The partnership will concentrate on offering protection for the construction and operation of photo voltaic, wind and hydroelectric initiatives, supporting project house owners and their brokers.
MSIG and RiskPoint have been collaborating since 2008 in Europe, offering insurance coverage for renewable power, property, casualty and financial traces.
MSIG Asia CEO Clemens Philippi stated: “Our collaboration with RiskPoint will provide significant support to our broking partners and their clients in overcoming these challenges.
“We are excited to work with RiskPoint to seize the promising opportunities ahead. This partnership is a key part of our MSIG Asia 2029 Growth Ambition, as recently outlined to the financial markets.”
RiskPoint Group CEO Kenneth Nielsen commented: “This new partnership enhances our ability to offer unique value propositions to the region and reaffirms the RiskPoint Group’s commitment to supporting the expansion of renewable energy solutions. We are excited to be part of driving the green transition also in AsiaPac in collaboration with MSIG.”
Final month, MSIG turned the official insurance coverage associate of ASEAN United FC membership occasions.
“MSIG names RiskPoint Group as MGA for its Singaporean unit ” was initially created and revealed by Life Insurance Worldwide, a GlobalData owned model.
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