Our solutions – Asta in Asia Pacific
Expanding your reach into the Asia Pacific insurance market
Asta Solutions Asia (ASA) extends Asta’s solutions by offering clients a seamless gateway to the Lloyd’s Asia platform. ASA allows clients to access the benefits of Lloyd’s Asia, while receiving support from Asta’s platform, both locally and in London.
Your gateway to the Asia Pacific market
ASA is resourced and led locally, with extensive experience in the local operating environment. This local expertise is instrumental in streamlining the entry process for clients into the market, supported by a comprehensive suite of services. This includes regulatory compliance, underwriting oversight, and operational support, tailored to meet the diverse needs of clients while ensuring adherence to local regulations.
This approach has successfully supported clients to establish underwriting operations in Singapore.
Leveraging Lloyd’s Asia for growth
The dynamic insurance market of the Asia Pacific presents significant growth opportunities. ASA operates within the Lloyd’s Asia platform under the Insurance (Lloyd’s Asia Scheme) Regulations.
Lloyd’s Asia is the Market’s largest underwriting centre outside of London, with their Singapore hub acting as a key centre for (re)insurance business across the Asia Pacific. This means your underwriters can operate locally within the region, without the need for a presence in the underwriting Room in London. Additionally, every product and policy issued is backed by the financial security and strong ratings Lloyd’s is known for globally.
Lloyd’s Asia is known for its strong track record, demonstrating a consistent performance that offers a solid foundation for ASA’s operations and strategic initiatives across Asia.
Streamlining your operational setup in Singapore
ASA is committed to a smooth operational setup for clients in Singapore, offering:
- Guidance through the Lloyd’s Asia Service Company approval process.
- Oversight of regulatory returns, supported by Asta and syndicate systems.
With ASA, extending your underwriting capabilities into the Asia Pacific becomes a strategic advantage. We provide the necessary expertise and benefits through the Lloyd’s Asia platform to ensure your successful growth in this vital market.
The Asta Asia Advantage
- Seamless access to the Lloyd’s Asia platform: Leveraging its benefits including:
- Local engagement: Facilitates business with underwriters based in Singapore.
- Market access: Expands reach within Singapore beyond cross-border limitations.
- ASEAN qualification: Enables underwriting as an ASEAN insurer from most ASEAN (Association of Southeast Asian Nations) countries.
- Exclusive collaborations: Provides access to binding authority and consortium agreements unique to Singapore.
Additionally, clients benefit from:
- Local onsite Asta engagement: Ensuring direct and effective communication and support.
- Comprehensive Asta Group Support: Continuous access to the full range of Asta's solutions and services.
A Partnership for the Future
Asta Solutions Asia is committed to unlocking the Asia Pacific marketplace for your business.
Contact us for more information on how Asta Solutions Asia can support you.
Asta Solutions Asia Pte. Ltd. (ASA) is approved by the Monetary Authority of Singapore under the Insurance (Lloyd’s Asia Scheme) Regulations. ASA is registered in Singapore under UEN: 202242022H. Our registered office address is 10 Collyer Quay, #10-01 Ocean Financial Centre, Singapore, 049315
