Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Jul 2024

Contents

July-Home
Editor's Letter
Magazine article aboutAchieving-resilience-together

Achieving resilience together

Reinsurance
Magazine article aboutReinsurance-pricing-moderates

Reinsurance pricing moderates

ReinsurTech: Capacity, insurance and technology

Insurance
Magazine article aboutPhilippines-champions-for-microinsurance

General

Philippines' champions for microinsurance

Empathy lends a human touch to claims

What increasing air turbulence means for insurance

Climate change and talent shortage critical for Asia marine insurers

View from India- Heatwaves pose a challenge for insurers

Life & health

A brief history of Singlife

Acquisition opens opportunities for Sumitomo

Singlife looks to reach beyond Singapore

Sri Lanka: Digitalisation can drive life coverage

Demand for new products invigorates life insurance industry

Malaysia: Future of life industry bright despite challenges

ESG
Magazine article aboutBiodiversity-risks-in-APAC-call-for-parametric-insurance-solutions

Biodiversity risks in APAC call for parametric insurance solutions

How insurance can contribute to sustainability

Sri Lankan insurers address climate change and resilience

APAC insurers prioritise ESG in underwriting

China's first biodiversity insurance cover

Biodiversity and the case for insurance and resilience

Collective insurance solutions for a collective problem

Market Profile
Magazine article aboutMulti-pronged-strategy-to-close-the-protection-gap

Taiwan

Multi-pronged strategy to close the protection gap

Taiwan's super-aged society drives demand for protection-oriented products

Life industry expects major turnaround in 2024

General insurance grows in Taiwan, but headwinds remain

Engineering insurance tops premium growth in Taiwan

Australia
Magazine article aboutAustralian-cyclone-response-readiness-and-mitigation

Australian cyclone response, readiness and mitigation

China
Magazine article aboutFocus-on-inclusive-insurance-in-China

Focus on inclusive insurance in China

Insurance intermediaries adapting to reforms in China

AI
Magazine article aboutTechnological-strategies-to-combat-fraud

Technological strategies to combat fraud

Analysing the data in claims

Notebook
Magazine article aboutAsian-risk-management-community-enters-new-chapter-

Asian risk management community enters 'new chapter'

Future lies in embracing the digital era

Anniversary celebrations in style

News

Asian

Australia: Zurich analysis finds mental health cases most prevalent in recent years

Cambodia: Growth of insurance market slows in 1Q2024

India: First phase of Bima Sugam to be launched around April 2025

Singapore: Insurance market adjusts to stay on top of risks

Product Bites

Manulife Singapore adds enhancements to income-generating product

Zurich and Loyalty Marketing partner to provide digital insurance

discovermarket and Globe Telecom launch embedded personal cyber insurance

Singlife launches digital short-term endowment plan

HL Assurance and AXS launch cyber fraud protection insurance

Prudential Singapore launches indexed UL insurance product for HNW individuals

Diary
People on the move

People on the move

Insurance

General

Philippines' champions for microinsurance

Microinsurance makes a difference: It makes insurance available to low-income groups.
 

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Empathy lends a human touch to claims

Empathy is a vital skill in insurance claims handling. With it, insurers can build strong and trusted relationships with their customers. Moreover, technology-based solutions combined with the human connection enable the relationship to be long lasting.
 
 

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What increasing air turbulence means for insurance

While the probability of a flight encountering air turbulence and passengers suffering injuries as a result of that is minimal, it brings up points for aviation insurers to consider.
 

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Climate change and talent shortage critical for Asia marine insurers

 
 

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View from India- Heatwaves pose a challenge for insurers

Heatwaves in India are causing untold misery and distress for the large Indian population. What do these rising temperatures imply for Indian insurers?
 

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Life & health

A brief history of Singlife

Asia Insurance Review offers an overview of the history of the first home-grown life insurer to enter the Singapore market in the new millennium – from local beginnings to acquisition by a Japanese giant.
 

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Acquisition opens opportunities for Sumitomo

With limitations on growth in the Japanese market, Sumitomo Life is focusing on investing in the broader Asian market.
 

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Singlife looks to reach beyond Singapore

Singlife’s acquisition by Sumitomo Life was completed in March 2024, after an official announcement in December 2023.
 

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Sri Lanka: Digitalisation can drive life coverage

After the global pandemic and economic crisis, there was a burst in digital adoption in Sri Lanka. This has made digital channels the perfect platform to distribute life policies.
 

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Demand for new products invigorates life insurance industry

Markets across Asia are introducing new and innovative life insurance products to meet the growing needs of their consumers post-pandemic.
 

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Malaysia: Future of life industry bright despite challenges

In spite of challenges such as medical inflation and lower disposable income, Malaysia’s life insurance industry was able to remain resilient by boosting operational efficiencies and developing new products.
 

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