Achieving resilience together
Reinsurance pricing moderates
ReinsurTech: Capacity, insurance and technology
General
Philippines' champions for microinsurance
Empathy lends a human touch to claims
What increasing air turbulence means for insurance
Climate change and talent shortage critical for Asia marine insurers
View from India- Heatwaves pose a challenge for insurers
Life & health
A brief history of Singlife
Acquisition opens opportunities for Sumitomo
Singlife looks to reach beyond Singapore
Sri Lanka: Digitalisation can drive life coverage
Demand for new products invigorates life insurance industry
Malaysia: Future of life industry bright despite challenges
Biodiversity risks in APAC call for parametric insurance solutions
How insurance can contribute to sustainability
Sri Lankan insurers address climate change and resilience
APAC insurers prioritise ESG in underwriting
China's first biodiversity insurance cover
Biodiversity and the case for insurance and resilience
Collective insurance solutions for a collective problem
Taiwan
Multi-pronged strategy to close the protection gap
Taiwan's super-aged society drives demand for protection-oriented products
Life industry expects major turnaround in 2024
General insurance grows in Taiwan, but headwinds remain
Engineering insurance tops premium growth in Taiwan
Australian cyclone response, readiness and mitigation
Focus on inclusive insurance in China
Insurance intermediaries adapting to reforms in China
Technological strategies to combat fraud
Analysing the data in claims
Asian risk management community enters 'new chapter'
Future lies in embracing the digital era
Anniversary celebrations in style
Asian
Australia: Zurich analysis finds mental health cases most prevalent in recent years
Cambodia: Growth of insurance market slows in 1Q2024
India: First phase of Bima Sugam to be launched around April 2025
Singapore: Insurance market adjusts to stay on top of risks
Manulife Singapore adds enhancements to income-generating product
Zurich and Loyalty Marketing partner to provide digital insurance
discovermarket and Globe Telecom launch embedded personal cyber insurance
Singlife launches digital short-term endowment plan
HL Assurance and AXS launch cyber fraud protection insurance
Prudential Singapore launches indexed UL insurance product for HNW individuals
People on the move
AUSTRALIA
MARKET PROFILE - Taiwan
Taiwan Financial Supervisory Commission Insurance Bureau’s Ms Chiung-HwaShih speaks about how the regulator is working to create a better insurance ecosystem.
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INSURANCE - General
Empathy is a vital skill in insurance claims handling. With it, insurers can build strong and trusted relationships with their customers. Moreover, technology-based solutions combined with the human connection enable the relationship to be long...
Under the aegis of the Australian Reinsurance Pool Corporation, Australia has established a cyclone pool to help lend stability to the commercial reality of offering protection in an increasingly uncertain world.
It’s not often that we look to the US for lessons on the insurance market that might prove to be useful and relevant here in APAC – but there are exceptions.
Reinsurance rates in the P&C market have levelled out, according to a report by Howden Re, after seeing significant upticks in the past two years.
ReinsurTechs can bring InsurTechs and technology partners to improve the reinsurance ecosystem in areas such as cyber and embedded insurance products.
Microinsurance makes a difference: It makes insurance available to low-income groups.
While the probability of a flight encountering air turbulence and passengers suffering injuries as a result of that is minimal, it brings up points for aviation insurers to consider.
When it comes to events related to biodiversity loss risks, parametrics could offer protection in areas traditional insurers may find uninsurable.
Sustainability could lead to more resilient societies in terms of ageing populations and climate issues.
Sri Lanka faces significant risks from climate change. These environmental challenges necessitate a robust response from the insurance sector with an increasing focus on ESG principles to mitigate these risks.
In recent years, the Taiwanese life insurance market has seen a cocktail of challenges due to continuous Fed rate hikes, inflation, exchange rate fluctuations, stringent regulatory supervision and new regulations for investment-linked products.
The Taiwanese life insurance industry saw a 13% fall in first-year premium at NT$671bn ($21bn) in 2023, but insurers are optimistic of a major turnaround in 2024 as the economy stabilises and market conditions improve.
Farmers, low-income urban groups, specific risk groups and disabled people will now be brought into the ambit of insurance as China embarks on a new five-year mission to establish inclusive insurance.
Last year, the personal insurance sector in China saw major volatility with adjustments in preset interest rates, followed by the ‘reporting and business unification’ (Bao Xing He Yi) reform.
Fraud rates across the world are rising, with many insurers stating that it is their top concern.
Technology has long been a part of the claims handling process, but data science and analytics could be the next step in increasing efficiency and lowering costs.
PARIMA’s first conference was held in the Philippines in late June, with discussions on Asian risk managers, their role in the economy and Asia’s role in the global scene.
The Philippine Insurance Summit, held on 30 May, delved into how new and emerging technologies including AI and data analytics are changing the dynamics of the insurance industry in the Philippines.
Kay International AMEA celebrated its seventh anniversary last month with some of its cedents, brokers and reinsurance-capacity providers. The gala event celebration was held at the Habtoor Palace in Dubai, UAE.
Mental health conditions – including affective disorders, anxiety and substance abuse – were the most prevalent in Australia in recent years, with over 12m active cases between 2020 and 2022.
Cambodia’s insurance sector continued to expand, with total premium reaching $96.6m in the January-March period this year, according to data from the Insurance Regulator of Cambodia.
The first phase of Bima Sugam, a proposed ground-breaking one-stop online platform for insurance services, is expected to be launched around April next year, IRDAI chairman Debasish Panda said at a 7 June meeting with the CEOs of life, general and...