Vietnamese baby
SIRC Countdown
Speaking up at SIRC
Sustainability as a pillar of economic growth
Nepal: New regulations promote penetration and retention
General
Fraud in insurance - Curtailing insurance fraud in APAC
Fraud in insurance - Health insurance fraud on the rise
Insurance fraud: Fighting hyenas and white ants
Fraud in insurance - Frequent petty claims fraud in Hong Kong
Fraud in insurance - Staying one step ahead
War risk back in focus
War products gain interest but underwriting challenges remain
Inflation in insurance - uncertainty and new approaches
Fostering a culture of excellence
The future of cyber insurance in Asia
Extreme Nat CAT events on the rise in India
Life & health
Life insurance: Stark urban and rural divide
Taiwan
Regulation: Positive trajectory ahead
Insurers experience profit and solvency woes
Non-life sector faces significant headwinds
Reinsurance rates have aligned with international markets
Life insurance: Back on track soon
Winning at bancassurance, agent channel rebounds
Long-term care insurance can reduce disabilities
The serious business of climate change
Disruption, innovation, sustainability, affordability and collaboration
Decarbonisation, digitalisation and diversity
Boards need to start asking different questions
Mitigating risks in lithium-ion batteries
Asian
Indonesia: Regional government seeks disaster insurance coverage
Japan: July floods could cause losses of tens of millions of dollars
Vietnam: Biggest P&C insurer signs cooperation deal with Korean farm insurer
Risk
Risk of isolation increases with sea-level rise
Global cyber insurance could exceed $50bn by 2030
Conflict deaths at highest level this century
India: Insurance products for MSMEs
Indonesia: Safe dining insurance plan
Malaysia: Embedded bike insurance plan
Vietnam: Drought insurance for farmers
People on the move
INSURANCE - General
Insurers in Hong Kong have been dealing with frequent cases of petty insurance claims fraud. More instances of travel insurance claims fraud are expected to follow from the resumption of tourism.
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MARKET PROFILE - Taiwan
The year 2023 has been active for the insurance industry in Taiwan, with many regulatory changes implemented, aimed at improving the stability and performance of the sector.
RISK
Scandal after scandal. Investigation after investigation. Royal commission after royal commission. What do many of these incidents have in common?
As China’s recovery from COVID-19-induced shutdowns appears fragile, the (re)insurance community may have to look to other markets for new growth opportunities.
Speakers at this year’s upcoming edition of SIRC express their thoughts on the main issues that the industry needs to discuss.
At the Indonesia Re International Conference, members of Indonesia’s government, alongside important figures from the local insurance industry came together to discuss the difficult topic of sustainability in a time of uncertainty.
The Nepal Insurance Authority recently announced new reinsurance regulations. These are being hailed as progressive and beneficial for the industry in the long run.
Insurance fraud is a global problem that costs the industry billions of dollars each year. The APAC region is no exception.
On average, India loses around $6bn to insurance fraud annually and health insurance accounts for the bulk of this figure.
Insurance fraud is getting more sophisticated, which not only poses a significant threat to policyholders but the overall integrity of the insurance industry.
Taiwan’s insurers have seen a difficult start to the year, as profitability and capitalisation prove to be a struggle.
Taiwan’s non-life industry, ranked 17 in the world, reported a total of NT$221.2bn in gross written premium in 2022, up by NT$13.8bn or 6.63% y-o-y, driven by growth in the motor and health business.
Life insurers’ confidence is high after a successful first half of the year driven by the bancassurance channel.
As China’s population greys, incidences of disability also increase. This adds to the woes of the elderly population and their care providers as well.
The 2023 International Congress of Actuaries held recently at the International Convention Centre in Sydney heard an insightful address by Australian Climate Council’s Professor Tim Flannery.
The World Insurance Congress 2023 takes place this year in Melbourne, Australia with the theme ‘insurance upside down’.
The 2023 International Congress of Actuaries held recently at the International Convention Centre in Sydney saw high-profile insurance industry figure Dame Inga Beale offer her formula for success for insurance businesses in a troubled world.
With the growing use of lithium-ion batteries in commercial and industrial environments, associated risks have also grown.
The Financial and Asset Management Agency head for the special region of Yogyakarta Wiyos Santosa said that the regional government is ready to adopt disaster insurance plans if there are insurers ready to offer such coverage.
The total economic and insured losses from the flash flooding this month on the Japanese islands of Honshu and Kyushu can potentially reach tens of millions of dollars, said Aon.
PVI Insurance Corporation, Vietnam’s largest non-life insurance company in terms of revenue, has signed an MOU with Seoul-based NongHyup Property and Casualty Insurance (NongHyup P&C) to strengthen business cooperation.
ICICI Lombard has launched three insurance products for the micro, small and medium enterprise (MSMEs) segment.
InsurTech Igloo and e-wallet company DANA have launched a new personal insurance product that covers food poisoning.
Digital insurance provider YAS has collaborated with bike manufacturer Polygon to provide embedded bike insurance with each new bike purchase.