AI: Opportunity or threat?
SIRC Connect
Innovating insurance for a resilient future in Asia
Reinsurance is a very good solution to have
General
Steering maritime disputes towards mediation
Closing the protection gap for rangers
View from India - Indians are ready to adopt motor telematics
Why vehicle telematics are still not mainstream
Hard market opportunities for Hong Kong
Japan
Building resilience - the 2023 IAIS annual conference in Tokyo
Japan life sector helps in shift from savings to investment
Expanding the role of Japanese life insurance
Japanese premium income boosted by pent-up demand
Financial inclusion and customer-centricity in insurance
Life insurers find stability
Insurers adapt to cope with ageing Japan
Recovering market brings back old challenges
Steady route for Japan's reinsurance market in 2024
South Asia
Bangladesh industry thrives on favourable regulatory initiatives
Pakistan's non-life insurance sector
Maldives infrastructure push to drive insurance segment
Economic growth bodes well for Bhutan insurance industry
Takaful offers valuable alternative risk mitigation for South Asia
AI and the aggregation of risk
Critical disease claims from young Chinese on the rise
A year in review: P&C and life highlights and 2024 forecast
Insurers adapt strategies to economic cycle
Regulatory changes cause insurers to review investments
Multi-dimensional insurance investments in Asia
Indonesia: Bancassurance can improve customer literacy
Embracing tomorrow: Navigating the trajectory towards reinsurance 2030 - insights from India Rendezvous 2024
Charting the Future: Unveiling Insights from the 17th India Rendezvous 2024 Towards Reinsurance 2030
Shaping the Future: 17th India Rendezvous Drives Reinsurance Innovation Through Insightful Panels Discussions and Dynamic Networking Platforms
Asian
Australia: Actuaries support shift in superannuation policy focus to retirement
Bangladesh: Insurance sector may see liquidations and mergers
Singapore: MAS proposes to reduce customer info collected for some insurance products
South Korea: Affluent turn to insurance overseas, particularly HK
Asia: Japanese insurers rank among the top globally in environmental leadership
Pacific: Property rates stay flat in 4Q2023, for first time in 26 quarters
Risk
New code of conduct for insurance market using AI
Insurers must adapt to energy transition
India: Self-reporting of mental health disorders less than 1%
Deepfake fraud and deglobalisation among new insurance risks
Bottled water contains more plastic particles than previously estimated
Cyber insurance market growing dramatically
MSIG Singapore personal accident plan
SBI Life Insurance two new term plans with return of premium
WTW parametric insurance policy to protect South Pacific Ocean's coral reef system
Etiqa Insurance Singapore pet insurance policy
BigPay international travel insurance product
Guy Carpenter new cyber reinsurance product, CatStop+
WTW cyber insurance coverage for SMEs
bolttech travel insurance with FWD
People on the move
INSURANCE - General
MARKET PROFILE - Japan
In Japan, gross written premiums for both life and general insurance have risen. Japanese government policy and foreign interest rates have driven premium income in the life sector.
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CHINA
Asia Insurance Review summarises last year’s performance of P&C and life insurance in China and analyses the trends for each sector as they embark on the Year of the Dragon.
As 2024 begins to pick up steam, the insurance sector in APAC is faced with one big opportunity – or one big threat, depending on your perspective.
Amidst the escalating frequency and severity of natural disasters impacting Asian communities, traditional insurance models are increasingly being challenged.
As the reinsurance sector continues to grow in size and scope, complexity naturally increases and more bespoke solutions begin to emerge.
Maritime incidents are usually covered against claim liability and associated legal costs. However, these incidents are time consuming and costly.
Rangers all over Asia put their lives at risk to protect biodiversity, with little coverage against injury, sickness or death.
The majority of Indians are ready to jump on the telematics and usage-based-insurance bandwagon provided insurers can offer value for money. Are Indian insurers ready to innovate and serve what customers want?
Industrial and commercial policyholders increasingly complain that premiums are impacting their bottom lines. At the same time, the protection gap remains significant, particularly in Asia, and arguably will only widen with climate change.
The Financial Services Agency of Japan’s Mr Shigeru Ariizumi reflects on some of the topics from the International Association of Insurance Supervisors conference.
The Life Insurance Association of Japan’s Mr Hiroshi Shimizu shares invaluable insights on the growth and development of the life sector in Japan and the prospects for the future.
Meiji Yasuda Life Insurance’s Mr Hideki Nagashima shares his thoughts on policy initiatives and management plannning, asset management and overseas business growth.
The insurance industry in Bangladesh backed by a proactive regulator, is experiencing significant growth with premiums expected to touch $2.2bn by 2027.
Pakistan’s non-life sector has a long way to go before it achieves its true potential. ACE Gallagher Arabia’s Mr Rohbaan Ahmad charts a path for the sector.
With massive infrastructure investments across the country, the insurance industry in the Maldives has the potential to grow rapidly in 2024 and touch $200m in gross written premiums over the next decade.
The Risk Management Institute of Australasia Risk Conference 2024 is just around the corner – taking place in Sydney in mid-May.
A population that is not only shrinking but also ageing rapidly and has a rising number of youngsters caught in the grip of critical illnesses does not make China’s present health picture very inspiring.
The investment landscape has been a dynamic one for insurers over the past year, with the cooling of the Chinese market and rising rates playing roles in strategic shifts.
The implementation of standards like IFRS17 and new risk-based capital frameworks has led insurers to think of ways to achieve their objectives under the new regulatory and market environment.
In the past few years, many insurers in Asia have experienced difficulties ranging from COVID 19, capital market volatility and asset-liability mismatches.
Experts converged in Jakarta to discuss how bancassurance in Indonesia could be leveraged to improve customer literacy and insurance penetration in the market.
During the 17th India Rendezvous, Asia Insurance Review got students from the National Insurance Academy to write an essay on what they learned from the conference.
The Actuaries Institute has identified barriers that must be overcome as the focus of superannuation policy development moves more strongly to support Australians in their retirement.
The Monetary Authority of Singapore (MAS) has published a consultation paper to seek feedback on proposals to reduce the amount of information collected by financial institutions from their clients for selected insurance policies, when...
MSIG has launched its new personal accident plan, PA RecoveryPlus, offering 360-degree protection with coverage across essential, recovery support and lifestyle support benefits.
India’s SBI Life Insurance launched two products: Saral Swadhan Supreme and Smart Swadhan Supreme.
WTW has launched a parametric insurance policy aimed to cover a South Pacific coral reef system in the Fiji archipelago, with coverage of up to $450,000 for reef restoration and community assistance is cyclones hit.