Diversity in action
The full Monte (Carlo)
The reinsurance environment is still very fragile
SIRC will explore global reset
Flooding remains a threat in Asia
General
Insuring the uninsurable
Nat CAT communication can bridge the protection gap
Record rains and flooding impact South Asian economies
Nat CAT rates in China likely to go up despite underinsurance
Addressing Nat CAT risks and protection gaps in Asia
Plenty of opportunities for motor insurers despite rising claims
Life & health
Insurers take mental health seriously
Mental health coverage remains poor in Malaysia
Nepal: Mental health challenges aplenty
Singapore: Mental health stigma still a problem
Thailand: Mental healthcare and changing insurance landscape
View from India: Mental health - Indian insurers need to take bold initiatives
The changing face of wealth
Indonesia
Indonesia's insurance regulator gives takaful a nudge
Indonesian non-life insurers expected to achieve higher annual increase
Life industry in overdrive
General insurance performance is promising
Takaful sector set to continue rapid growth
Preparing for catastrophe
The importance of assurance
China's mental health sector awakening
China's work culture impacts its mental health
A customer, a broker, an insurer and a reinsurer walk into a panel
What 'good' looks like in claims handling
Australian Insurance Industry Awards winners 2023
Understanding the risks of AI
Generative AI for insurers
Asian
India: Half of policyholders fail to renew life plans in last five years
Pakistan: Regulator holds roundtable to discuss strategic direction for insurance sector
Taiwan: Three local life insurers fall short of solvency standards
Risk
Climate change exacerbates risk of extreme wildfires 25%
Supply chains remain vulnerable to geopolitical risks
Average annual Nat CAT losses to touch new high
Swiss Re partners with Income Insurance to launch Singapore cancer insurance product
CPIC Life Hong Kong launches new whole life insurance product
SBI General Insurance India launches comprehensive health insurance plan
Great Eastern Singapore launches standalone EV insurance plan
People on the move
REINSURANCE
INSURANCE - General
Nat CAT-related protection gaps are the widest in Asia and could worsen over the coming years.
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INSURANCE - Life & health
Mental health conditions are a growing concern in Singapore, with an estimated one in seven people in Singapore having experienced a mental health disorder.
RISK
Natural disasters are rising, and catastrophe losses are following suit, rising at a rate of between 5% and 7% since 1992.
Boards of management need to be asking different questions if they are to gain assurance that controls are being managed effectively within their organisation.
Most (re)insurance market players in the APAC region at least pay lip service to the notion of diversity, equity and inclusion (DEI), although sometimes the tangible results can be hard to spot.
If the overarching theme of last year’s Les Rendez-vous de Septembre was one of substantial rate rises, what was the corresponding theme for the 2023 iteration?
Asia Insurance Review was in Monte Carlo to witness round one in the fight to see how pricing might develop in January.
SIRC is just around the corner. Industry experts express their thoughts on the main issues that the industry needs to discuss.
With climate change continuing to change how Nat CAT events impact the world, a longer-term view is needed.
As the impacts of climate change are coming to the fore in the form of increasing and more severe catastrophic events, it is necessary that the gap between the economic losses and insured losses is bridged.
The South Asian region is one of the most vulnerable to Nat CAT, with flooding being the most severe in recent years.
Indonesia’s financial services authority, Financial Services Authority has made tweaks to regulations aimed at supporting and strengthening the country’s insurance sector.
Indonesia’s insurance sector is expected to achieve a CAGR of more than 5% during 2023-2027, driven predominantly by regulations to increased merger and acquisition activities.
The Indonesian life insurance industry, backed by strong investment income and high demographic dividend, is witnessing rapid growth.
China is seeing a surge in online mental health services and a growing number of young people facing mental health challenges. Could there be an untapped potential for mental health insurance in China?
China is adopting the new work culture ‘996’, however, it perhaps is not able to comprehend what it is losing in the bargain.
The World Insurance Congress Australia 2023 touched down in Melbourne recently bringing much high-quality debate in its wake.
Guests at this year’s Australia Insurance Industry Awards ceremony in Sydney in August heard a surprise announcement from ANZIIF about a new development for the sector in the form of a general insurance claims handling framework.
In another glittering night of celebration, over 800 insurance industry professionals gathered for the annual get-together that recognises the best talent in the sector.
Breakthroughs in AI have led to a rise in more sophisticated hacking attempts, ranging from faster creation of malware to improved social engineering.
In the rapidly evolving landscape of the insurance industry, data-driven decisions and personalised experiences hold great value.
Nearly half (47%) of insured individuals in India said that they did not renew their insurance policies in the last five years as they had invested in other financial assets or savings as a means to ensure financial security without giving due...
The Securities & Exchange Commission of Pakistan (SECP) has organised a roundtable discussion to shape the strategic direction of the insurance sector in Pakistan.
The Financial Supervisory Commission (FSC) has voiced concern over the health of three domestic life insurers after they released their financial statements for the first six months.
Swiss Re has partnered with Income Insurance Singapore on a cancer insurance product that offers a guaranteed post-cancer term option and support throughout the period from diagnosis to recovery.
China Pacific Life Insurance (HK) has launched a new whole life insurance product, Ever-growing Whole Life Insurance Plan, aimed at providing customers with a resilient financial solution.
SBI General Insurance has launched a comprehensive health insurance policy, named ‘Super Health Insurance’.