Pools Development in APAC & Exploring Smart Driving Insurance Solutions for NEVs: OEM Cases and Insurance Perspectives

Pools Development in APAC
Natural catastrophes are an increasing concern across the Asia-Pacific (APAC) region, where rapid urbanisation, economic growth, and rising climate-related risks are amplifying exposure to natural hazards. At the same time, insurance penetration across many parts of the region remains relatively low, resulting in a significant protection gap between economic losses and insured losses.
This session will explore emerging risks and opportunities in the APAC non-life insurance market, with a particular focus on the role of catastrophe insurance pools in addressing protection gaps in vulnerable regions. The discussion will begin with an overview of existing property natural hazard pools across APAC, highlighting how these public–private initiatives have developed over time to improve access to catastrophe protection and enhance financial resilience.
We will examine how these pools differ in structure, governance, and coverage, and how newer pools are expanding beyond traditional earthquake coverage to include a wider range of natural hazards such as floods, cyclones, and other climate-related risks. The session will also discuss the broader factors driving the growth of such initiatives, including increasing catastrophe losses, affordability challenges in high-risk areas, and greater public-sector participation in disaster risk financing.
The presentation will also explore the scale of the insurance protection gap across APAC, including insights by country and catastrophe type. By examining patterns of economic losses and insurance coverage across the region, the session will highlight where protection gaps are most pronounced and what this means for insurers, governments, and communities.
Finally, the session will consider the potential role of catastrophe pools in shaping the future of disaster risk financing in the region. While pools can help address immediate coverage challenges, they are not a complete solution. 

Exploring Smart Driving Insurance Solutions for NEVs: OEM Cases and Insurance Perspectives

As New Energy Vehicles (NEVs) evolve toward high-level automation, the insurance industry faces a profound risk reconstruction 

This session, presented by Leona Li, a UK Chartered Actuary and founder of NexVantage Insurance & Advisory Consulting (Singapore), delves into how the shift from "human-led" to "system-led" driving is transforming the auto insurance landscape.

Key Topics and Insights:

• Technology Evolution & Market Trends:The session begins with an analysis of the six levels of autonomous driving (L0-L5) and the core transition of the driving subject from humans to Automated Driving Systems (ADS) . We explore the "cost-performancesafety" trade-offs between Pure Vision and Multi-sensor Fusion technology paths, as well as the software revolution brought by End-to-End (E2E) architectures in systems like Tesla FSD v13 and Huawei ADS 3.0. Currently, the penetration rate of L2+ NEVs in China has reached 67.8%, supported by national policies for "Vehicle-Road-Cloud Integration" .
• Risk Reconstruction:The advent of L3 autonomy marks a critical "liability transfer" point. The session identifies a four-dimensional risk matrix—Functional Safety, Safety of the Intended Functionality (SOTIF), Cybersecurity, and Data Security—that traditional insurance often fails to cover . This shift disrupts the three pillars of actuarial science: frequency, severity, and liability .
• Reinsurance & Ecosystem Value: The speaker introduces a specialized Three-tier Progressive Risk Model (Mechanism-Dynamic-Insurance) designed for risk modeling. Furthermore, the session discusses how insurance collaboration can solve core pain points in the NEV market, such as overseas export insurance solutions and residual value protection for used NEVs.