Exclusive - Let Us Be Serious About Managing Risks: Munich Re Chairman
Events - Managing and Calculating Catastrophe Risks: Still a Long Way to Go in Asia
Events - IUMI Tokyo Tackles Issues of Loss Prevention and Risk
Events - Taking the Enterprise Approach to Managing Risk
Personality - Risky Business
News - Asia: Avian Flu High on Asia Pacific’s Catastrophe Risk Management Planning – ACE Survey
Dr Nikolaus von Bomhard, Chairman of Munich Re’s Board of Management, visited Singapore in October and participated in a dialogue session with the industry. In this first of a two-part series of articles on the wide-ranging issues covered in the dialogue,...
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Asia has been fully exposed to the vagaries of increased frequency and severity of catastrophes and their ultimate toll on the people, economy and society. Asia Insurance Review brought its 5th Conference on Catastrophe Insurance in Asia, with the theme...
Marine underwriters are in the best position to contribute to loss prevention measures as they were driven by the incentive of paying claims, said Mr Patrick de la Morinerie, IUMI President in his opening address to more than 330 delegates attending the 133rd...
Despite the growing recognition of Enterprise Risk Management (ERM), hurdles still exist in Asia where there is still the phenomenon of conducting risk management at the cost of cover, said speakers at the 6th Federation of Asia Pacific & African Risk Management...
This month, our Editor Wendy Koh chats with Mr Scott Ryrie, Senior Vice President & General Manager, Asia Pacific of XL Re, on his need for speed both on the high seas and on dry land.
Reform in China’s insurance market will continue, in order to achieve the goal of building big and strong insurance companies and a vibrant industry, said Mr Wu Ding Fu, Chairman of the CIRC, in an exclusive interview with our Editor, Ms Wendy ...
Insurance heavyweight AIG is targeting for all its non-life operations outside of the US to each bring in US$1 billion of business. Anything less is not a meaningful scale, says Mr Nicholas Walsh, the company’s Executive Vice President, in an exclusive ...
It is a story of continuity at AXA Re, following the acquisition by Paris Re Holdings earlier this year. In an interview with Asia Insurance Review during a stopover in Singapore recently, Mr Hans Peter Gerhardt, CEO of AXA Re, sought to assure clients...
Bermudian company Arch Reinsurance Ltd, a strong, well-capitalised leading provider of specialty property and casualty reinsurance, is continuously looking at opportunities to expand its business in Australia and New Zealand which currently account for 7% of its...
Banks often have the upper hand in partnerships with insurers. So how would the latter succeed in bancassurance? Mr Philip Brook, Global Practice Director of Insurance and Financial Services, Watson Wyatt, discusses the issue with Asia Insurance ...
In his first interview with Asia Insurance Review since assuming the role of Deputy Commissioner for International Affairs of the Financial Services Agency(FSA) in Japan, Mr Nobuyoshi Chihara, pledged to improve transparency and regain consumer confidence ...
Finding profitable growth in a mature market is never easy. However, most insurers are optimistic, whether domestic or foreign, and they have their business plans all mapped out till the 2010s, with growth numbers spelt out for each year. The numbers certainly look...
Famed for the longevity of its people, Japan has more than 23,000 centenarians. While this is something to celebrate, it has also raised concerns in the country with longevity itself becoming what one insurer termed “a fear factor”. As medical costs escalate...
It has been more than a year since the insurance industry, both life and non-life, has been tainted with the unpaid claims debacle. Yet the issue continues to plague the industry despite all the submissions of business improvement plans, and it remains a key concern...
Despite ongoing liberalisation in Japan, there has been no significant increase in foreign presence, a trend quite contrary to experiences in other liberalising markets, said Mr Kimio Morisaki, Executive Vice Chairman & General Secretary of the Foreign ...
“AIG will continue to keep up the pressure in Japan, the company’s second-largest market accounting for 30% of global business, by doing what it does best - enhancing distribution and leveraging on product innovation,” said Mr Robert W Clyde,...
Japan’s undisputable market leader Millea Group has coped with market challenges with a clear focus on reducing expense ratio, looking at overseas expansion as well as repositioning and stabilising current operations. Mr Toshiro Yagi, member of the Board, ...
Besides the individual insurance companies in Japan, the major associations in the country are also very active on the industry scene. Here, three of the bigger associations tell us what their immediate concerns and priorities are.
The Japanese insurance industry is a highly sophisticated and professional market that requires high-quality expertise and knowledge transfer from reinsurers, as well as huge capacity because of their catastrophe exposures. Asia Insurance Review talks to three ...
Mr Mish Nakazono, President & CEO, RGA Reinsurance Company, Japan Branch, examines prospects for market growth in a changing regulatory environment and suggests how reinsurers can assist insurers in Japan with new products and financial solutions.
With marketing, distribution and use of technology being some of the critical success factors in personal lines, we look at how some companies are boosting their efforts in meeting the needs of their customers.
Mr Gordon Perchthold and Ms Jenny Sutton have over 40 years of combined experience assisting banks and insurance companies with the selection and implementation of a wide range of solutions, allowing these organisations to evolve. This article is the last...
As the deadline for attainment of contract certainty in London draws near, Ms Katy-Marie Wilson, Partner, and Ms Tracey Anderson, Associate in the Reinsurance & International Risk team at Barlow Lyde & Gilbert, looks at the possible occurrence of...
Historically, the market for term insurance in Asia has been very limited. But as the market and consumers mature, the case for term insurance is growing. Ms Na Jia, a Principal at Alfinanz Asia, looks at this increasing trend.
How well do you know your portfolio? As more countries move away from tariff pricing, the key to profitable underwriting lies in a deep and detailed understanding of the risks you accept, says Mr Naeem Ali, a Senior Consultant for EMB.
Drawing from his experience in the Japanese market, Mr Katsuo Matsushita of The General Insurance Association of Japan shares how liberalising markets in Asia can cope with the challenges of a detariffed market environment to ensure the sustainable and sound...
The increasing number of natural disasters around the world has highlighted the importance of businesses understanding the risks they face and being adequately prepared to deal with these risks. Mr Chris Turton, Field Engineering Group Manager, Asia, FM Global,...
Mr Peter Coates, Chief Executive of Axiom Asia Pacific, looks at the way Lloyd’s Syndicates are improving their supervision of regional coverholders and underwriters.
Ms Angela Koechli ,a Client Partner in Korn/Ferry International’s Singapore office, discusses recruitment trends in the region.
Tokyo, Japan, will be hosting the 14th East Asian Actuarial Conference (EAAC) for the second time in a decade from 9-12 October 2007. Asia Insurance Review meets with the Organising Committee to find out what is in store for delegates who will be attending this...
After hard lobbying from the country’s insurance regulator, the Annual IAIS Conference and General Meeting was finally brought to China, home of one of the fastest growing insurance markets in the world. Staff reporter, Wong Mei-Hwen, highlights some...
The IUMI conference is made up of several breakout sessions focusing on “Cargo, Energy and Offshore, Legal and Liability, Ocean Hull and Inland Hull, Fishing Vessels and Yachting (IFY)”. Here, we bring you highlights of some of the discussions.
In a number of Asian markets, like Singapore, India, Indonesia and South Korea, bancassurance partnerships are beginning to bear positive results. The customer in the region today is getting more sophisticated, with globalisation and integration being the buzzwords in...
Championing the concept of a mutual business model, Mr Shaun Tarbuck, Chief Executive of International Cooperative and Mutual Insurance Federation (ICMIF), said to more than 70 people attending a Mutuality Seminar hosted by NTUC Income in Singapore that the...
A book just on the law of life insurance was long overdue in Singapore and this newly launched book now fills that gap not only for students but insurance professionals as well.
This practical insurance guide gives detailed insights into the problem of insurance fraud and how to deal with it, but if you’re looking for illustrations from this part of the world, you might be disappointed.