Asian Reinsurance Corporation

What Asian Reinsurance Corporation does

Asian Reinsurance Corporation is an intergovernmental reinsurance organization established in May 1979 under the auspices of the UN-ESCAP (United Nations Economic and Social Commission for Asia and the Pacific) and headquartered in Bangkok, Thailand. It commenced operations in 1980 with the objective of supporting the development of insurance and reinsurance markets in member states across Asia, the Middle East, and Africa. Membership comprises 10 Regular Members (UN-ESCAP member states including Afghanistan, Bangladesh, Bhutan, China, India, Iran, South Korea, Philippines, Sri Lanka, and Thailand) and 19 Associate Members (private insurers, corporations, and multilateral institutions), with the organization serving both as a regional reinsurer and as a centre for collection of insurance information and expertise development.

The company provides three core reinsurance product lines — non-marine treaty reinsurance (proportional and non-proportional, USD 5 million capacity), non-marine facultative reinsurance (USD 5 million), and marine including energy treaty and facultative reinsurance (USD 3 million). Its underlying technology consists of conventional reinsurance underwriting and risk management systems with no disclosed AI or proprietary platform components. Pricing is quote-based through individual treaty and facultative negotiations, not publicly disclosed. Asian Re retrocedes surpluses after net retention, with priority given to national insurance and reinsurance markets of member states, reinforcing its development mandate alongside its commercial underwriting activity.

Asian Re generates revenue through reinsurance premiums collected from ceding insurers via direct B2B treaty and facultative placements, with no intermediary distribution. Marketing and business development are relationship-driven, conducted through assigned territory-based contact persons, annual governance meetings (Shareholders' Assembly, Council of Members, Board of Management), and the recurring 'Demystifying Reinsurance' international seminars. As of year-end 2024 the company reported gross premium of USD 26.31 million, net profit of USD 7.01 million, total assets of USD 127.70 million, paid-up capital of USD 101.36 million, and a combined ratio of 84.9%; AM Best upgraded its Financial Strength Rating to B++ (Good) in 2025 and affirmed it with a stable outlook in 2026 alongside a new Thailand National Scale Rating of aa+.TH (Superior).

Name

Asian Reinsurance Corporation

Legal name

Asian Reinsurance Corporation

Website

https://asianrecorp.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

11–50 employees

Short description

Asian Reinsurance Corporation is an intergovernmental reinsurer established in 1979 under UN-ESCAP auspices, providing treaty and facultative non-marine and marine/energy reinsurance to insurance markets across 10 Regular Member states and 19 Associate Members in Asia, the Middle East, and Africa.

Ownership category

akta.pro rank

Product category

Reinsurance Services

NAICS

Reinsurance Carriers (524130), Reinsurance Carriers (52413), Insurance Carriers and Related Activities (524)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Property Treaty Reinsurance (FSAOAEAC)

akta.pro secondary industries

Marine & Energy Reinsurance (FSAOABAK), Facultative Specialty Lines Reinsurance (Marine, Aviation, Energy, Cyber, Surety, Political Risk) (FSAOAFAD)

Keywords

• Reinsurance services
• Treaty reinsurance
• Facultative reinsurance
• Marine energy reinsurance
• Non-life reinsurance

Headquarters

HQ city

Bangkok

HQ country

Thailand

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Others

Revenue model

1. Reinsurance Premiums: Asian Re operates as a professional reinsurer accepting treaty and facultative reinsurance business from insurance markets in member states and other regional markets. Revenue is generated through reinsurance premiums collected from ceding insurers. The company retrocedes surpluses after net retention, with priority given to national insurance and reinsurance markets of member states. Capacity offered includes USD 5 mn per programme for non-marine treaty (non-proportional) and USD 3 mn for marine/energy treaty arrangements.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Asian Reinsurance Corporation is an intergovernmental reinsurer that accepts treaty and facultative reinsurance business from insurance markets in member states and across Asia, the Middle East, and Africa. It provides proportional and non-proportional capacity for non-marine risks (USD 5 million S.I./PML or per programme) and for marine including energy risks (USD 3 million per programme), with surpluses retroceded in priority to national insurance and reinsurance markets of member states.

Product overview

Asian Reinsurance Corporation operates as a single unified reinsurance service offering rather than a platform-plus-modules architecture. The company provides three core product lines: Non-Marine Treaty Reinsurance (both proportional and non-proportional), Non-Marine Facultative Reinsurance, and Marine including Energy Reinsurance. These offerings are structured by line of business (marine vs. non-marine) and by distribution method (treaty vs. facultative), with defined capacity limits per programme or individual risk. The company functions as a regional non-life reinsurer accepting business from member states and other regional markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Non-Marine Treaty Reinsurance Proportional and non-proportional treaty reinsurance for non-marine risks, providing capacity of USD 5 million S.I./PML (proportional) and USD 5 million per programme (non-proportional) to ceding insurers in member states and other regional markets.
• Non-Marine Facultative Reinsurance Facultative reinsurance coverage placed on an individual-risk basis for non-marine lines, with capacity of USD 5 million S.I./PML (proportional) and USD 5 million (non-proportional).
• Marine and Energy Reinsurance Proportional and non-proportional treaty and facultative reinsurance for marine and energy risks, with capacity of USD 3 million per programme.

Quantifiable outcome

• 5-year CAGR of 13.5% since 2018 in portfolio premiums
• +3 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

13 partnerships are on record, tiered core and minor.

• UN-ESCAP (United Nations Economic and Social Commission for Asia and the Pacific)coreStrategic or Co-development Partner · 1 January 1979Asian Reinsurance Corporation was established in May 1979 under the auspices of the UN-ESCAP. Membership is open to all state members or associate members of UN-ESCAP. The organization serves as a regional reinsurer supporting the development of insurance markets in member states.
• General Insurance Corporation of IndiaminorOthersAssociate Member of Asian Reinsurance Corporation, one of 19 associate members including insurance companies from Bangladesh, India, Iran, Japan, Sri Lanka, Thailand, and UAE.
• The Oriental Insurance Company LimitedminorOthersAssociate Member of Asian Reinsurance Corporation.
• United India Insurance Company LimitedminorOthersAssociate Member of Asian Reinsurance Corporation.
• The New India Assurance Company LimitedminorOthersAssociate Member of Asian Reinsurance Corporation.
• Mitsui Sumitomo Insurance Company LimitedminorOthersAssociate Member of Asian Reinsurance Corporation from Japan.
• Sadharan Bima CorporationminorOthersAssociate Member of Asian Reinsurance Corporation from Bangladesh.
• Bimeh Markazi IranminorOthersAssociate Member of Asian Reinsurance Corporation from Iran.
• Viriyah Insurance Public Company LimitedminorOthersAssociate Member of Asian Reinsurance Corporation from Thailand.
• Chubb Samaggi Insurance Public Company LimitedminorOthersAssociate Member of Asian Reinsurance Corporation from Thailand.
• Bangkok Insurance Public Company LimitedminorOthersAssociate Member of Asian Reinsurance Corporation from Thailand.
• Sukoon Insurance PJSCminorOthersAssociate Member of Asian Reinsurance Corporation from United Arab Emirates.
• JP Wall Consulting PartnersminorOthersAssesses Capital Adequacy Ratio as per Thailand Non-Life Insurance Act.

Scale indicators15 records

Recent moves6 records

Expansion highlights4 records

Others

• Swiss Re: World's largest reinsurer with material presence in Asia across all major lines. Overlapping treaty and facultative offerings for non-marine, marine, and specialty risks, but operating at a fundamentally different scale and product breadth.

Direct peers

• Trust Re (Bahrain): Middle East and North Africa-focused reinsurer based in Bahrain. Comparable as a regional reinsurer serving developing insurance markets with similar treaty and facultative offerings across non-marine and specialty lines.
• Korean Reinsurance Company: South Korea's leading reinsurer offering treaty and facultative coverage for non-marine, marine, and specialty lines. Comparable as a regionally domiciled Asian reinsurer with similar product mix and cedent relationships.
• Toa Reinsurance Company: Japanese reinsurer with established Asian treaty and facultative operations. Directly comparable as a non-life reinsurer serving cedents across Asia with diversified property, casualty, and marine portfolios.
• Philippine Reinsurance Company (PhilRe): Philippine national reinsurer offering treaty and facultative coverage domestically and across ASEAN. Comparable regional reinsurance peer serving emerging Asian insurance markets with similar non-marine and marine product mix.
• Malaysian Reinsurance Berhad (MNRB): Malaysia's national reinsurer providing treaty, facultative, and retakaful solutions across non-marine and marine lines. Comparable as a Southeast Asian regional reinsurer with government-linked ownership and similar emerging-market cedent focus.
• General Insurance Corporation of India (GIC Re): India's national reinsurer and an existing Associate Member of Asian Re. GIC Re provides both treaty and facultative reinsurance across non-life and life lines, serving a similar B2B cedent base in South Asia with government backing.

Broad incumbents

• Munich Re: Global reinsurance leader with extensive Asia-Pacific treaty and facultative operations. Overlaps with Asian Re in non-marine and marine treaty business, but competes from a vastly larger capital base and global portfolio diversification.
• Lloyd's of London: Global specialty insurance and reinsurance market with significant Asia-Pacific treaty and facultative flows. Overlaps with Asian Re on marine, energy, and specialty treaty lines, but provides vastly larger capacity through market syndicates.
• Hannover Re: Top-three global reinsurer with significant Asia-Pacific treaty business. Comparable in treaty and facultative product mix but operates at substantially larger scale and broader geographic diversification.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/asian-reinsurance-corporation

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Asian Reinsurance Corporation