Magazine

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Sep 2017

Contents

September-Home
Editor's Message
Guest Editorial
Magazine article aboutMark-Mitchell-Navigating-risk-with-tailored-solutions

Mark Mitchell: Navigating risk with tailored solutions

Interviews
Magazine article aboutMilli-Re-Staying-stable-through-the-years

Milli Re: Staying stable through the years

Partner Re to grow its Asian footprint

Going Digital
Magazine article aboutAre-you-ready-for-the-insurance-world-of-2025-

Are you ready for the insurance world of 2025?

Cover Story
Magazine article aboutAsian-Insurers-Greater-Expectations-

Reinsurance Expectations

Asian Insurers: Greater Expectations!

Consultants’ Roundtable

Priority issues for CEOs: Walking down the online avenue

Country Profile
Magazine article aboutMalaysia-morphing

Malaysia

Malaysia morphing

Interview with the Regulator: Reducing the protection gap

General insurance: In for DyNAmic changes

Hearty hopes for life

New regulations shaping the life insurance landscape

Spotlight on Sri Lanka
Magazine article aboutInterview-with-the-Regulator-More-reforms-on-the-way

Interview with the Regulator: More reforms on the way

RBC in smooth gear now

General Insurance
Magazine article aboutOversupply-of-ships-and-marine-insurance

Marine Hull

Oversupply of ships and marine insurance

The importance of FD&D Insurance in response to world events

Agriculture

Embrace probabilistic risk models for the world's biggest agricultural producers

China Crop - Are you prepared for an extreme loss year?

Life & Health
Magazine article aboutBridging-the-senior-services-gap

Pensions & Ageing

Bridging the senior services gap

The Pot of Gold in Old: Funding and insuring ageing populations

Voluntary pension programmes critical

Takaful Feature
Magazine article aboutThe-road-ahead-in-takaful

The road ahead in takaful

Insights
Magazine article aboutLife-Settlements-can-be-quite-a-gamble

Think Tank

Life Settlements can be quite a gamble

View from India

Reinsurance gets a push

GIF in London

Building resilience where it matters

Training Focus

Prevailing through humanity

InsurTech

InsurTech and the customer promise

Corporate Risk Management
Magazine article aboutRe-imagining-risk

Re-imagining risk

Is your agent a rogue?

News

Asian

GIAJ: Delivering insurance with the "Omotenashi" spirit

Asia: Around 40 nominees enter 21st Asia Insurance Industry Awards final round

Asia: Call for "roaming" health coverage for migrant workers

Australia: Private health insurance - Tax penalty losing bite

Brunei: Actuarial Society launched

China: Health insurance sales hit by crackdown on universal products

Hong Kong: Startup app firm targets agents & advisers

India: RI market to grow at CAGR of 11-14% for next 5 years

Indonesia: Regulator mulls ways to extend microinsurance reach

Japan: Life insurers unhurried about investing in foreign bonds

South Korea: Average life sum assured flat at about US$42K in 2016

Malaysia: Insurance institute graduates can pursue higher learning at Malaysia University of Science and Technology

Malaysia: Insurance associations deny imposing fees on hospitals

Nepal: Number of life insurers expands by 6 since July to 15

New Zealand: Competition regulator wary of coordinated effects in proposed Vero-Tower merger

Philippines: 50% of ridesharing operators take up required insurance

Singapore: Sterling Knight joins large employee-owned insurance group

Taiwan: Regulator urged to act boldly to promote insurance access

Vietnam: Insurers welcome majority, even 100%, foreign participation

Global

Global insurance M&A at lowest volume in two years - Clyde & Co

CAT bond market hits series of historical highs - Aon

Corporate Risk Management

Asia: Towards regional disaster risk management

Product Bytes

Product Bytes

Diary
People on the move

People on the move

AIR+ (New)
Magazine article aboutThe-incumbent-vs-the-disruptor-How-much-has-changed-

The incumbent vs the disruptor: How much has changed?

Loss of Indian science was a gain for the Indian insurance industry

Country Profile

Malaysia

Malaysia morphing

Significant changes are afoot in Malaysia’s insurance industry as the regulator seeks to enhance the business environment, deepen the penetration rate and resilience of the market. Its potential for growth remains high with the transformations. Meanwhile, insurers  are keeping busy with internal enhancements as they wait for the opportune time to strike. 
 

Interview with the Regulator: Reducing the protection gap

Addressing the protection gap will continue to be a key focus area for Bank Negara Malaysia (BNM), says Mr Yoon Yew Khuen, Director of Insurance Development, in an exclusive interview with Asia Insurance Review where he stresses the need to bring to the market products and services that increase the affordability and accessibility of insurance. Engaging customers and enhancing their experiences are also key to boosting insurance.
 

General insurance: In for DyNAmic changes

Malaysia’s general insurance sector reported sluggish growth for a second year running, stalled largely by economic headwinds. But insurers are unfazed as they set their sights on embracing market liberalisation and disruption, while noting the market needs to dig deep and transform from within. 
 

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Hearty hopes for life

Like the general insurance sector, Malaysia’s life market is undergoing change. However, while the general sector reported sluggish growth, local life insurers fared relatively well in 2016, with new business premiums rising by 6.9% to MYR9.75 billion (US$2.3 billion). LIAM President Toi See Jong and AIA Bhd CEO Anusha Thavarajah take stock of the industry and share their insights on its future direction.
 

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New regulations shaping the life insurance landscape

Several new life insurance regulatory guidelines which will have a significant impact to the life insurance industry were introduced in 2016 in Malaysia. Ms Farzana Ismail from Milliman, Malaysia gives an overview of these new regulations and their impact.
 

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