Safeguarding Asian enterprises
Safeguarding Asian enterprises
Lloyd’s is a market place and Singapore is home to more than 200 expert underwriters representing 22 syndicates. Lloyd’s has established itself as the leading marketplace for specialist insurance and reinsurance serving the Asia Pacific region.
Asia Pacific is the engine of the global economy and the most dynamic region in the world. However, it is the world’s most vulnerable region for natural catastrophes and its low levels of insurance leave its economies exposed. That is why our market’s underwriters combine their deep local insight with state-of-the-art modelling to respond to existing and emerging risks.
Every product and policy issued by a Lloyd’s underwriter is backed by the financial security and strong ratings Lloyd’s is known for globally.
By offering solutions to protect businesses and assets, and by championing local talent and decision-making, Lloyd’s seeks to continuously strengthen the Asian insurance market, build local resilience and develop a deeper risk management culture throughout the region.
Identifying Emerging Risks
Lloyd’s conducts leading edge research to identify and quantify risk.
In Singapore Lloyd’s has committed to becoming a Founding Partner of Cyber Risk Management Programme. CyRiM is a research programme led by the Monetary Authority of Singapore (MAS) that aims to foster an efficient cyber-risk insurance marketplace by developing cyber loss data and analytics, and engaging academic researchers, insurance professionals and IT security experts in research development. Lloyd’s is developing cyber scenarios using the expertise of our Emerging Risks team, in collaboration with Cambridge University.
Educational opportunities - Sharing our expertise and experience
Lloyd’s designs, develops, co-ordinates and delivers educational seminars and networking events for insurance professionals, brokers, and risk managers to encourage learning and development.
Every year, Lloyd’s hosts its flagship broker programme in Singapore where delegates from across the region gain first-hand experience with the industry’s top professionals.
For risk management professionals and corporate insurance buyers, Lloyd’s has partnered with the Pan-Asian Risk and Insurance Management Association (PARIMA) to deliver a series of masterclasses under the Lloyd’s-PARIMA Professional Development Programme.
Launched in 2016, these unique two-day interactive programmes are designed to build knowledge and expertise for risk managers. Attendees learn from leading insurance and industry experts on their approach to risk management, emerging risks, supply chain and cyber risks, amongst other areas.
Lloyd’s in the local community
Lloyd’s is committed to improving lives and building resilience in Singapore and in the region. Through the Lloyd’s Together programme we support local communities with projects that focus on education and employability, environment and sustainability, social welfare and health and disaster preparedness and relief.
In Singapore, Lloyd’s proudly supports the work of Beyond Social Services, a local charity whose focus is to help children and youths from less privileged backgrounds to break away from the poverty cycle. They seek to develop young people who respect the law, value education and seek to become responsible persons.
Lloyd’s is also an active supporter of Ride for Nokor Tep, a charity bike ride to raise funds for the construction and operation of Nokor Tep Women’s Hospital that provides gynaecological medical care to all women. It is located in the garment factory district, where over 20,000 women work long days.
The Lloyd’s market champions diversity and inclusion and is leading the industry in encouraging an open, diverse and inclusive culture across the insurance industry. In 2016 Lloyd’s brought to Singapore for the first time, the Dive in Festival, a festival celebrating diversity and inclusion in the workplace which saw the active participation of 19 participants in the insurance industry.
Regulation of Lloyd’s in Singapore
Lloyd’s in Singapore is regulated by the Monetary Authority of Singapore.