Magazine

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

Aug 2024

Insurance


General

The climate's toll on agriculture insurance: A pricing paradigm shift

Extreme weather has wreaked havoc on the world’s agriculture industry, with periods of record heatwaves in India affecting the workforce.
 

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As climate litigations surge, insurers need to get proactive

Climate litigation cases are rising and courts are delivering pro-climate verdicts, which is a healthy sign. These could have profound implications for insurers.
 

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Enhancing insurance for battery risks

Fire risks associated with the growing use of lithium and lithium-ion batteries in commercial and industrial areas can have grave consequences if strict safety protocols are not followed. The insurance sector needs to catch up with these new risks.
 

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Though complex, digitalisation offers insurers growth opportunities

Although newer technologies can bring traditional insurers value in underwriting accuracy and claims processing, adopting new technology can be complex, as companies would be faced with numerous choices.
 

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Digital trading platforms can boost efficiency for insurers

Uploading data to digital administrative systems could save time on manual processes and lower transaction costs.
 
 

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Life & health

Tough decisions ahead for life insurers

As society’s needs become more complex, tough decisions on which challenge to prioritise, from investing in data to economic conditions and changing family structures, face life insurers.
 
 

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Commitment to fostering a thriving lifestyle for all

The life insurance industry in Japan has been operating with a public mission of providing peace of mind to customers and maintaining a close relationship under the belief of mutual aid.
 

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