Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Nov 2017

Contents

November-Home
Editor's Message
Guest Editorial
Magazine article aboutThomas-Lillelund-Will-the-market-change-

Thomas Lillelund: Will the market change?

Interviews
Magazine article aboutAIA-For-the-greater-good

AIA: For the greater good

XL Group: Looking for room amid regulatory restrictions

Swiss Re: Widening access to data makes risk management an easier sell

Willis Re: Future-proofing business and society

UIB: Think global, operate local

ASEAN Focus
Magazine article aboutCan-private-public-partnerships-in-insurance-fill-the-ASEAN-infrastructure-gap-

Can private-public partnerships in insurance fill the ASEAN infrastructure gap?

ASEAN at 50: A role for insurance

East Asian Insurance Day
Magazine article aboutEAIC-Spread-safety-and-security-in-each-country

EAIC: Spread safety and security in each country

GIAJ: Continuously providing excellent solutions to society

Special Feature
Magazine article aboutInterview-with-a-Regulator-Supporting-economic-growth-and-protecting-policyholders

IAIS

Interview with a Regulator: Supporting economic growth and protecting policyholders

Forward-thinking regulations

Going Digital
Magazine article aboutRainy-days-ahead-for-life-and-health-insurers-Is-the-industry-in-need-of-a-new-protection-umbrella-

Rainy days ahead for life and health insurers: Is the industry in need of a new 'protection umbrella'?

Cover Story
Magazine article aboutForging-new-partnerships

Reinsurance in Asia

Forging new partnerships

Reinsurance: Miles to go but on the right track

Recent catastrophes reveal cracks in reinsurance

Reinsurance optimisation for capital efficiency of non-life insurance in Asia

ILS in Asia: Action is needed now

New Reinsurers in South Asia: Strategising through the turbulence

Company Profile
Magazine article aboutA-new-breed

A new breed

Country Profile
Magazine article aboutDragon-in-fiery-heights

China

Dragon in fiery heights

Insurance behemoth rolls with the times

Protecting the world's second largest insurance market

Far-reaching changes call for new concepts

Chinese (re)insurers need focus shift for success

Making agriculture insurance more attractive to farmers

Regulatory changes the way of non-life

General Insurance
Magazine article aboutMarine-weathers-the-storm

Marine

Marine weathers the storm

Political Risks & Trade credit

Supporting the region's growth opportunities

Insuring foreign direct investment

Emerging risks to keep an eye on

Life & Health
Magazine article aboutBeyond-the-core-How-insurers-of-the-future-can-win-with-ecosystems

PIC Curtain raiser

Beyond the core: How insurers of the future can win with ecosystems

Evolving to stay relevant

Strategic role of life reinsurers

The life reinsurance evolution

Embrace changes and take the plunge

Ageing Feature

New thoughts on insuring long-term care

Bridging the gap for retirement

Insights
Magazine article aboutThe-Geneva-Association-Longevity-Risk-Changing-the-environment-to-encourage-solutions

Think Tank

The Geneva Association - Longevity Risk: Changing the environment to encourage solutions

View from India

Indian Insurance: Promote prevention

Investment

Insurers fight to preserve their profitability

IT in Insurance

Digital transformation: A journey to stay relevant

News

Asian

Afro-Asian insurance body held in the GCC for the very first time

Australia: Policyholders urged to use their insurer's pool of health providers

Australia: Michael Rice named Actuary of the Year

Australia: Gallagher Bassett on the lookout for acquisitions

China: Solvency improves for life insurers, declines for P&C and reinsurers

Hong Kong: Mandatory pension system needs to centralise

India: Health insurance plan for poor families seen as falling short

India: Mr Atul Boda inducted into FAIR Hall of Fame

Indonesia: The continuing battle against fraud

Indonesia: Country's first farm insurance scheme launched

Japan: Local units of foreign players are now buyout targets

South Korea: Consumers prefer installment savings plans

Malaysia: Proposed employment insurance plan to help 57,000 for a start

Myanmar: Local insurers eye partnerships with international parties

Pakistan: SECP proposes MTPL compensation limit be 10 times current cap

Sri Lanka: New tax law pressures insurers

Aviva to exit Taiwan

Taiwan: Insurers to retain big role in retirement saving

Thailand: Elderly to outnumber the young next year

Vietnam: Number of workers in informal sector exceeds 18 mln

Global

B3i expands with new members joining its prototype Market Testing phase

IUA survey on business priorities for London company market

Corporate Risk Management

Australia: International Cyber Engagement Strategy launched

Global

Singapore: MAS sets up international advisory panel for cybersecurity

Global: COSO updates 2004's ERM framework

Product Bytes

Product Bytes

Events Page

Dive In: Embracing diversity

South African delegation in Singapore share information and best practices

IGP&I to provide certification and reinsurance for MLC abandonment cover

114 students conferred PGDM by National Insurance Academy

Singapore: DBS Bank lays path for instant claims payment

Diary
People on the move

People on the move

AIR+ (New)
Magazine article aboutInsurTech-Fever-Hits-Japan

InsurTech Fever Hits Japan

Innovation in insurance: Are we doing enough?

InsurTech: Hype or Substance?

French insurer adds fizz to flight delay cover

Staying ahead of the tech race

Sandbox not necessarily for all - Regulator panel

A vision for digital transformation

Life & Health

PIC Curtain raiser

Beyond the core: How insurers of the future can win with ecosystems

The 28th Pacific Insurance Conference takes place in Hong Kong this month with the theme “Our World from the Outside In”. With enormous advances driving innovation and commerce around the world, the industry’s mindset should be challenged to see clearly from the “outside in” to maximise the future. This extract from a Bain report reveals the growth of purchaser interest in ecosystem services from the policyholder’s “outside-in” perspective.
 

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Evolving to stay relevant

Mr Joseph Kwok of Financial Planning Association of Singapore (FPAS) looks at the need for financial planners to stay relevant as customers become more tech savvy and sophisticated in their protection planning needs.
 

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Strategic role of life reinsurers

The life reinsurance evolution

Ms Navarat Kriausakul of Pacific Life Re Asia explores how reinsurers are increasing their value-add to the insurance value chain by taking advantage of their comprehensive understanding of risks, and adopting a positive attitude towards innovation.
 

Embrace changes and take the plunge

With new technologies and innovations reshaping the insurance risk landscape, it is imperative that insurers embrace these changes and invest in these areas, says Mr Wil Chong of Allianz Re.
 

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Ageing Feature

New thoughts on insuring long-term care

Long-term care claims are triggered when policyholders are not able to perform two to three specified Activities of Daily Living (ADLs) but ageing starts way before that. Mr Mick James of RGAx EMEA, asks if long-term care insurance can be developed to protect seniors way before the ADL inability sets in.
 

Bridging the gap for retirement

Across Asia, the aged 60+ population is increasing at a tremendous pace – six to 10 times faster than population growth. In addition, life expectancy is increasing, with people in the region likely to live until 83 by 2050-55. The 13th Asia Conference on Pensions & Retirement Planning organised by Asia Insurance Review discussed the challenges for this rapidly ageing region.
 

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