Political risk and governance
General
Reports of the death of InsurTech are greatly exaggerated
Where do InsurTechs go from here?
InsurTech needs to evolve with generations
InsurTechs need to be laser focused
InsurTechs in for a tough time
Has InsurTech lived up to the hype?
Insurers and InsurTechs can combine their strengths
InsurTech funding goes through cycles
InsurTechs must show profitability amid shrinking investments
The InsurTech solution
InsurTechs are integral to insurance
Emerging trade credit and marine risks in 2023
Insurers begin experimenting with generative AI
Third-party tools pose major cyber insurance risk
New rules of court for liability insurance
View from India - ESG and insurers
Life & health
Healthtech: New innovations, new risks
Employers must address Gen Z's poor mental health
Cambodia, Laos, Myanmar, Vietnam
Vietnam insurance market back to pre-pandemic growth trajectory
Macroeconomic turbulence impacts Myanmar growth
Weak currency shrinks motor insurance coverage in Laos
Health insurance reforms cause unease in the market
New regulatory body for financial industry oversight
Life insurers can help seniors stay healthy
Building a far better industry
Powerful AI platforms bring powerful risks
Better insurer peer comparisons in riskier operating environments
Lessons from Silicon Valley Bank
Sri Lanka political crisis is not a one-off
Moving away from the annual cycle of pain at renewals
Asian insurers bear the brunt of rising interest rates
Pakistan economic crisis will singe insurance too
Asian
Asia: Outlook positive for demand for transactional risk insurance in 2023
SVB collapse highlights critical lessons for insurance industry
Umbrella insurance body stresses need to address protection gaps
Risk
Cyber threats to IT supply chains and geopolitical targets escalate further
Political violence to heighten, civil unrest to increase
AI drives 62% of insurers to cut staff levels
Malaysia: Zurich appointed official provider for MYAirline
Singapore: AIA and Whitecoat launch digital mental health solution
Singapore: FWD launches cancer insurance, partners MiRXES to encourage early detection of cancer
People on the move
INSURANCE - General
CHINA
China recently announced a massive overhaul to its financial regulatory system. No new financial institution will be able to evade regulation under the new model.
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RISK
Powerful new AI tools like OpenAI’s ChatGPT and Google’s Bard provide opportunities for advancement in many fields, including insurance.
Bizarre as it might sound, there might come a time when we look back on the years of COVID as ‘the good old days’. Hard to imagine, considering the huge death toll exacted by the pandemic and the pain and the misery and the destruction...
The big question is whether 13 years after the birth of InsurTech the insurance sector has adapted to the quirky ways of headstrong start-ups or whether nothing has really changed.
InsurTechs have had a successful and awe-inspiring run over the last decade. The year 2022 was, however, not kind to the sector with funding down by at least 50% compared to 2021.
Tech-savvy millennials and GenZ are catalysing an insurance ecosystem that requires intense collaboration between legacy insurers and InsurTech.
Vietnam’s insurance industry made an impressive recovery from COVID-19 in 2022. In particular, the non-life segment has returned to its pre-pandemic double-digit growth trajectory.
Myanmar continues to face multiple challenges from political instability and slow economic growth that had a direct impact on the insurance sector too.
Many motorists in Laos do not buy motor insurance despite its being compulsory. For those that do, coverage is decreasing as the Laotian currency has been depreciating sharply over the past year amid an economic crisis in the country.
Recent changes to the Chinese health insurance system sparked protests by hundreds of older and retired Chinese citizens.
As China mulls raising the legal retirement age, seniors are learning to stay healthy and insurers can also help them lead a healthy life.
Australia’s Underwriting Agencies Council has a rather unique profile in the insurance landscape, representing underwriting agencies that account for a very substantial proportion of gross written premiums.
WTW recently combined its Asia and Australasia operations into one Asia-Pacific region.
Asia Insurance Review takes a look at what the experts say about the recent bank meltdowns in the US.
Rising interest rates have resulted in significant losses on the existing portfolios of Asian insurers while the overall impact on their solvency position has been positive.
Pakistan is currently in great economic crisis. How could this impact the country’s insurance industry?
Demand for transactional risk insurance solutions in Asia is expected to remain steady in 2023, and may even improve, said Marsh.
Despite US insurance companies’ minimal exposure to bonds issued by the now-shuttered Silicon Valley Bank (SVB), the failure highlights for insurers the importance of managing enterprise, asset-liability and liquidity risks, according to an AM...
Narrowing protection gaps has become even more important due to the rise in recent years of four global mega trends that affect them either directly or indirectly, according to the Switzerland-based Global Federation of Insurance Associations (GFIA).
MYAirline has appointed Zurich Malaysia as its exclusive travel insurance provider. The arrangement covers all existing and future routes from MYAirline.
AIA Singapore has partnered with WhiteCoat Holdings, a digital health company, to provide end-to-end digital mental healthcare solutions covering mental wellbeing through to mental health therapy, an initiative that aims to raise awareness about...
FWD Singapore has announced the launch of FWD Cancer 2.0 insurance (Cancer 2.0) an enhanced online cancer plan designed to encourage early detection and treatment that covers all stages of cancer and non-cancerous tumour removal.