Editorial
Insurance power shift will see multiple winners
Focus, focus, focus
Interconnectivity in multinational solutions
Reinsurance: Bracing for more volatility, higher returns
Adieu! Friend of the industry
The reinsurers are marching in
Indonesia: Reinsurance Regulation - Curbing the premium outflow
AAC Curtain-Raiser - Innovation: Creating sustainable value
ReMark's Anniversary - 30 good years
NAT CATS - A decade of Asian Nat CATs: Wisdom from experience
NAT CATS - Can we prevent catastrophe blind spots?
NAT CATS - The basics of catastrophe claims handling
South Korea: Finding growth in new risks, new opportunities
South Korea - Life: Request for more relaxation in regulations
South Korea - Non-life: When change is the only way forward
Korea still has it!
South Korea - Regulation: Duty calls
South Korea - Korean Re moves full steam ahead with international expansion
South Korea - Korean financial regulators reform audit and sanction procedures
The Geneva Association: Risk management of emerging pandemics
Life Feature - HNW sector growth = Insurer opportunity
Employee Benefits Feature - Disrupting employee benefits
Actuarial Feature - IFoA Inaugural Asia Conference: Wealth accumulation, M&A and C-ROSS
Actuarial Feature - Actuaries take the lead
Spotlight on Bancassurance - Banking on data
Motor Insurance - Disruption can drive profitable growth
Spotlight on Nepal Earthquake - The 25 April 2015 Mw 7.8 Nepal Earthquake
Investment Column - M&A Focus: Lessons learned on managing successful post-merger integration processes
See something? Say something! -Implementing an ERM programme
IT in Insurance - Role of technology at the inflection point of the insurance industry
Training Focus - On the road to the ASEAN Economic Community: Preparing for opportunity with knowledge and skills
AEC Focus - Malaysian insurers preparing for AEC
Product Bites
Reputation risk - The risk of risks
Access to Big Data becoming easier with technology - Marsh
Shipping sector needs to be more vigilant to cyber threats
Call for regional initiative to mitigate pandemic risk
EY in strategic alliance with Risk Management Institution of Australasia
Asian News - Asia: AXA targets 100 mln customers by 2030
Asian News - Asia: Standard Syndicate to underwrite marine risks in Asia
Asian News - Asia marked by polarity in security risk scores - Aon
Asian News - Australian life insurers' profits under pressure through to 2016 - Moody's
Asian News - Australia: Actuaries Institute calls for tax reform to protect retirees
Asian News - China: CIRC estimates insurance payout to hit US$15 mln in Yangtze ship sinking
Asian News - China: CAT insurance securitisation trials to be conducted
Asian News - China: Motor insurance pricing trial begins
Asian News - India Nuclear Insurance Pool launched
Asian News - India: GIC Re declares US$455 million profit for 2014-15
Asian News - LIC of India to start operations in Bangladesh
Asian News - Earthquake insurance premiums to rise 20-30% in Japan
Asian News - India sees increasing cases of cardiovascular disease - Swiss Re
Asian News - Japan: Tokio Marine to acquire American general insurer HCC
Asian News - Myanmar: Provisional permits granted to two Japanese insurers
Asian News - Nepal's regulator pushes for speedy settlement of quake claims
Asian News - New Zealand: Govt considering ban on commissions for advisers
Asian News - Singapore: Cash the culprit as investment grows more slowly than costs - Manulife
Asian News - Singapore: China Life opens first branch in Lion City
Asian News - New rules for Taiwanese insurers setting up branches in HK, Macau
Asian News - Taiwan: Long-term care insurance plan may be launched in 2018
Asian News - Willis acquisition doubles Taiwan business
Social media site gets GBP 1 mln boost to take (re)insurance industry mobile
Scope Technology launches ground-breaking claims management platform
Africa Re unveils new logo and reaffirms commitment to region
Diary of Events
People on the Move
If the past 10 years were anything to go by, Nat CATs in Asia have not let up. Rather, disaster risk is on the rise as properties continue to be at the mercy of natural forces, urban migration continues to contribute to the formation of megacities, and the region's economic losses continually hovers around 45% of annual global losses. Have Asia and the industry at large learned from experiences? How have we progressed in extending protection in the region? What else can we do to bridge the protection gap? Industry players take stock of their progress and efforts in the last decade.
Natural catastrophes continue to surprise us despite the vast improvements made in catastrophe modelling tools. Mr Vineet Kumar of Swiss Re says most of these surprises are avoidable and explains the lessons learnt from the Christchurch earthquake, the danger of relying on past loss experiences alone and that cognitive biases and market perceptions can hinder the discovery of blind spots.
Buy Now
Forward planning is vital for the insurance industry to deliver on its promise of providing contingent capital in the most dire of circumstances such as a catastrophe loss. That planning involves not only insurers but also their claims service providers. Mr Terry Dunning of Generali Global Corporate & Commercial - Asia shares its crisis response preparation procedures for CAT losses, both natural and man-made.