The fast-emerging risk of AI
SGI expands globally to become a top player
ANZIIF
Reinsurance meetings calendar for 2023 is underway
South Asia reinsurers are ready to take off
Cambodia: Role of reinsurers in pricing agricultural risk
Nat CAT in Australia and New Zealand trigger retention and rate increases
Mid-year reinsurance renewals: More disciplined and orderly
Nat CAT dominate reinsurers' 2023 first half results
General
How reinsurance can advance agriculture insurance
Crop insurance and climate-resilient agriculture
View from India - Technology and crop insurance can mitigate climate-change impact
InsurTech aids agriculture sector across Asia
Agriculture insurance penetration remains low in Thailand
Reinsurers hesitant to protect Japanese farmers from earthquakes
Protection for Sri Lanka's shrimp aquaculture industry
Pet insurance growth in Singapore and Malaysia
A crisis of cyber insurance talent
Malaysia
Reinsurance sector continues to perform
Bank Negara's digital initiatives could be a gamechanger
Insurers are important to healthcare reforms
Malaysian non-life market recovers post-pandemic
Digitalisation and addressing protection gap drive Malaysian life
More collaboration needed between takaful and InsurTech
Adjusting attitudes and mindsets about disability
A champion for diversity and inclusion
A roadmap to achieve balanced DEI in India
Gender diversity still a challenge for Australia
Asia: Insurers continue pursuit of DEI
Beijing floods: Insurers not impacted much
Agriculture insurance on fast track
Insurance in China sees robust growth
Australia
Insurance literacy for youth
Reflections of a loss adjuster and claims manager
The modern risk professional
Adjusting to the new world
Another El Niño event needs early preparation
Asian
Asia: Composite insurance pricing remains flat in 2Q2023
Asia Pacific: Region hit by $7bn economic losses from Nat CAT in 1H
Philippines: Municipalities fall behind in insuring government properties
Risk
Asia: Alarming climate emergency
AI could lead to loneliness and insomnia
India: Over 2,000 cyber attacks a week hit individual firms on average
AIA Cambodia launches the country's first whole life medical insurance plan
Sun Life Singapore launched the indexed universal life policy to cater to ultra wealthy clients in the country
IndiaFirst Life launches new plan to provide policyholders with a regular long-term income option
AIA Singapore launches first-ever personal accident plan to provide coverage for multi-stage dementia
People on the move
REINSURANCE
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INSURANCE - General
With the increasing unpredictability and severity of the weather, agriculture across the world has become fraught with risks. Old solutions have become unfeasible and current solutions do not provide enough protection.
MARKET PROFILE - Malaysia
Bank Negara Malaysia’s proposed framework for licensing and regulation of digital insurers and takaful operators is likely to bring in substantial changes to the insurance sector in Malaysia.
ADVERTORIAL
Established in 1969, SGI has grown along with the Korean economy by providing guarantee services throughout the entire economic landscape. Now, SGI is the largest comprehensive guarantee insurer in Korea in fact as well as in name. To build upon...
ANZIIF is the leading Insurance & Finance Membership, Education, Training and Professional Development Organisation in the Asia-Pacific region.
While the insurance industry and Indian government are putting in efforts to support the country’s agriculture sector from the vagaries of climate change, technology is perhaps the best solution in the present circumstances.
With hardening rates and lack of capacity, reinsurers have been able to command better prices despite their increased exposure.
DIVERSITY, EQUITY AND INCLUSION
Insurers are always on the search for more talent. Recruitment has become increasingly competitive, with potential employees across Asia able to select their employer.
SPOTLIGHT - Australia
For some years, ANZIIF has been running a Careers in Insurance programme aimed at boosting insurance literacy for young people – within both schools and colleges.
Sedgwick head of commercial property and major loss in the UK Simon Kay has more than 30 years’ experience in loss adjusting and claims management.
Many organisations are still lacking when it comes to the updated skills and knowledge needed to deal with the ever-changing risks of the modern world.
Over the past few years, Charles Taylor Adjusting has grown to be one of the largest loss-adjusters in the region.
Everyone knew that the entry of AI into the insurance sector was both a good thing and a bad thing.
The reinsurance meetings calendar opens this month in Monte Carlo, moves onto Baaden-Baaden in October and peaks in November with the SIRC.
South Asia, considered one of the fastest-growing regions in the world in terms of economic growth, has seen several reinsurers set shop over the past few years.
As insurers grapple with the challenges of climate change, they also need to confront the traditional and cultural beliefs of the farming community, especially in developing countries like Cambodia.
Climate-change-induced extreme events are becoming more frequent and more catastrophic. The deleterious impacts of these events is more pronounced on the agriculture sector across the world.
The Malaysian healthcare system is at crossroads. A concerned government is putting to use all available resources including the health insurance industry to provide a dependable and sustainable healthcare system.
Green Delta Insurance’s Ms Farzanah Chowdhury has been a trailblazer for diversity and inclusion in Bangladesh.
As companies embrace technology and transform their working environment to become more flexible, will it make things more equitable for women in the insurance industry?
Floods in China are getting more pronounced by the year. In July and August 2023, Beijing was swamped by devastating floods following record rainfall. The rains and the floods caused an estimated economic loss of around $5bn.
Catastrophic climate events have spurred China’s agriculture insurance to move on to a fast track. The government is also chipping in with the necessary support to catalyse its adoption.
China’s growth trends have reversed according to the latest data from its regulators, with most lines of business showing positive returns this year.
Composite pricing in Asia was flat in the second quarter, compared to a 1% increase in the prior quarter, according to the Marsh Global Insurance Market Index.
In the Asia-Pacific region, natural disasters in the first six months of this year resulted in overall losses of approximately $7bn, of which roughly $3bn was insured, says Munich Re.
Less than half of local government properties were insured with the Government Service Insurance System (GSIS) as of 31 December 2022, according to the agency.
Cambodians spend over $1bn in out-of-pocket expenses on healthcare in 2019. AIA Cambodia has launched the kingdom’s first whole life medical insurance with local and overseas coverage.
Sun Life Insurance Company of Canada Singapore branch has launched the SunBrilliance Indexed Universal Life (SunBrilliance IUL) to cater to the different needs of the affluent, high-net-worth (HNW) and ultra-high-net-worth (UHNW) client segments in...
IndiaFirst Life Insurance Company has launched a non-linked and non-participating product Guarantee of Life Dreams (GOLD) plan that offers policyholders regular long-term income.