Taking Tiger Mountain by Strategy (again)
2022 MDRT executive committee assume roles for the new term
Hongkongers and Singaporeans more motivated to invest responsibly since COVID-19
Hong Kong: Regulator extends the validity of temporary facilitative measures
General
Rethinking motor insurance
Marine insurance insights
Data benefits for cargo market will require change
Insurance for ecommerce retailer liability
Life & health
Life in the next decade
On y va
Takaful market and retakaful solutions in Malaysia
Indonesia
Reinsurance realities
Positive mood for reinsurance
Positive signs for general insurance
Persevering through the pandemic
InsurTechs radically changing the insurance landscape
Subscribing to assurance
Actuaries contribute to managing climate risk
Actuaries breaking through the glass ceiling
The actuarial approach to making healthcare sustainable
Putting online insurance on the right track
CPIC's transformation map
Think Tank
The Geneva Association: Digital entrepreneurship and the supportive role of insurance
Building resilient organisations
A future without risk is impossible
Cyber security - a strategic priority in an age of digitalisation
The narrowing gap between InsurTech and insurance
M&A in Asia slows down
View from India
Insurance more attractive for the young
The power of parametric insurance to propel APAC's renewable energy transition
Asian
China: Insured losses from Henan floods approach $2bn
India: HDFC Life to acquire Exide Life in biggest insurance deal
Malaysia: Regulator starts consultation on bancassurance
New Zealand: Lockton opens office in Auckland
Risk
Exposure to air pollution linked with increased mental illness
Threefold increase in targeted ransomware attacks in first half of 2021
Product Bites
People on the move
INSURANCE - General
MARKET PROFILE - Indonesia
Indonesia Re’s Mr Benny Waworuntu talks us through some of the big issues that the reinsurance sector in Indonesia faced last year – and the challenges that remain ahead.
Buy Now
CHINA
The recent rectification exercise for online insurance providers in China initiated by the regulator may pinch the industry in the short term but in the long term it could ensure sustainable and healthy growth of the industry.
REINSURANCE
A look at how the right retakaful solutions can help Malaysia’s life insurance industry reach its target of insuring at least 75% of the population.
RISK - Think Tank
Digitalisation is fundamentally changing the way businesses are formed and operate. This is not solely a matter of technology but reflects changes in the way new businesses collaborate, design and deploy new products and services.
NOTEBOOK
Solar, hydropower, wind, geothermal, biomass – as the energy and renewables markets rapidly evolve across AsiaPacific, Nat CAT events, driven by climate change, threaten infrastructure and carry significant production impacts.
Until relatively recently, many global insurers seeking growth prospects were focused closely on China as the only game in town. India, of course, holds much promise too – but China was very much the main hope for growth.
The 2022 MDRT executive committee ushers in an integrated approach to supporting the financial services profession, as Mr Randy Scritchfield takes his place as 96th president and Ms Carol Kheng joins as secretary.
Private wealth is having a growing influence in sustainability in Singapore and Hong Kong, with COVID-19 having increased the motivation of Hongkongers and Singaporeans towards responsible investing, according to a new study by St James’s...
In view of the latest developments of the COVID-19 pandemic, Hong Kong’s Insurance Authority (IA) has issued a circular to authorised long-term insurers, announcing the extension of temporary facilitative measures for non-face-to-face...
The motor insurance industry must increasingly adopt digital to stay relevant and navigate the impact of the ongoing COVID-19 pandemic said speakers at the conference ‘Rethinking Motor Insurance for the Next Generation of Mobility’.
This year’s International Union of Marine Insurance annual conference offered something for everyone – with sustainability and innovation taking centre stage.
Recent events such as the Maersk Eindhoven and Essen container losses in the Pacific have put into sharp focus the need for digitalisation in the cargo market. Until recently, the data has not been available, but this is quickly changing.
From an industry perspective, one of the bitterest blows of the pandemic has been the migration of real-life reinsurance industry get-togethers to the virtual realm. But intrepid reinsurers swapping the balmy boulevards of Monaco for the bleak...
The Indonesian reinsurance sector is going through a significant development. We spoke to Tugu Re’s Mr Adi Pramana for expert insights on how the situation is likely to develop.
After a difficult year in 2020, Indonesia’s general insurance industry has managed to recover in the first half of this year, even as major lines such as property and motor continue to struggle.
Climate risk, including the transition issues associated with decarbonisation, is becoming a top risk management priority for insurers and financial institutions in Asia Pacific.
We spoke to a few senior women actuaries in the market to understand how this change has come to happen and the future for them.
Despite rapid advancements in technology, healthcare costs have continued to increase at an alarming rate. A report from the Joint SAS-IAAHS Health Conference.
Since data is the development foundation of the insurance industry, innovative technology will inevitably play an important role in promoting the development of the insurance industry.
Organisations today face enormous risks and challenges and those that acquire competence in handling cyber risks and ESG risks will be the ones that will survive and thrive in the future.
Now more than ever, risk management is becoming part of everyday conversation. According to the Risk Management Institute of Australasia, risk management has never been more to the fore.
COVID-19 has accelerated digitalisation, pushing industries to adapt or perish. The same existential threats have applied to the insurance sector too.
Mergers and acquisitions within Asia’s insurance sector were subdued in the first half of 2021 due to the uncertain outlook, although strategic disposals look to be a growing theme with carriers possibly building up their war chests for future...
The insurance industry has remained financially resilient throughout the pandemic which highlights its stability, but has the pandemic made a positive impact on the career choices of youngsters for insurance?
Massive floods that swept Henan Province in July have led to insured losses estimated at around CNY12.4bn ($1.92bn), a CBIRC official said at a media briefing recently. The direct economic losses are estimated at CNY114.27bn.
India’s largest private insurer HDFC Life Insurance Company recently acquired 100% of the share capital of Exide Life Insurance for INR66.87bn ($912m), making it the largest insurance deal in the country.
Bank Negara Malaysia (BNM), Malaysia’s central bank, has issued an exposure draft setting out proposed requirements with respect to bancassurance /bancatakaful arrangements, while facilitating the sustainable development of the channel as an...