From Editor-in-chief
Allianz: Multi-accessibility is a must
Great Eastern: Giving insurance a social uplift
AIG: Leading the way with a Chief Science Officer
JLT: Employee benefits, complex risks are route to success
CEO focus: An ASEAN certainty
CEO focus: Act now for AEC
CEO focus: Uniting a fragmented ASEAN: What it means for insurers
CEO focus: Emerging countries as an economic risk hotspot - How is ASEAN placed?
CEO focus: ASEAN Economic Community: Much progress made, more awaits
Prospects aplenty: Time to act now
Interview with a Regulator: OJK announces tariff rates, new reinsurance firm targeted for 2014
Succeeding in Indonesia's life insurance market: Putting the customer first
Gearing up for the evolving Indonesia market in 2014
Non-Life: Indonesia looks to iron out challenges
Fit and proper test for key parties at insurance companies
Brokers: Rooting for the underdogs
IRFRC: Capturing the dynamics of China's and India's non-life insurance markets
Life feature: A career in insurance remains bright
Bring on tomorrow: Deconstructing construction risk
CAT modelling focus: Risk Frontiers: A unique model of cooperation between industry and academia
Disaster Risk Reduction: Can private insurance contribute?
Enhanced privacy regime in Australia - How could it affect you?
Life reinsurance focus: Optimising risk capacity via reinsurance
Asia: Super typhoon Haiyan dominates global Nat CAT list in 2013
Asia: AIA survey says employee benefits plans fail to meet employee needs
Asian insurers need to prepare for the new world of IFRS reporting urgently
Euler Hermes broadens Asia Pacific credit insurance services
Standard Life establishes Asia Advisory Board
Asia: Willis Group to acquire specialist broker Charles Monat Ltd
Australia: Insurers estimate Perth fire insured losses at more than US$11 mln
Cooper Gay Australia launches new wholesale division
Cambodia: Strike will cost US$200 mln
China: Fosun acquires three Portuguese state-owned insurers for US$1.65 bln
JLT Asia strengthens Hong Kong business with Lambert Brothers acquisition
Hong Kong: Tax bill to attract captives
India: IRDA looking at increasing FDI in insurance intermediaries and TPAs
India: Insurance sector ready for government panel's recommendations
India: Non-life insurers pitch for healthcare regulator
Indonesia: Aviva and Astra International in joint venture deal
Malaysia: Floods lead to deluge of insurance adequacy questions
Malaysia: Manulife completes acquisition of MAAKL Mutual Bhd
Philippines: PhilRealty selling its stake in Meridian Assurance
Tenet Sompo Insurance acquires Nipponkoa's Singapore general business
Catlin establishes Singapore branch
Singapore: Nationale Suisse sets up branch
Thailand: Economic costs of Bangkok unrest to exceed US$600 mln
Thailand: ACE to acquire majority control of Thai insurer
Sompo Japan lending "Sunflowers" by Van Gogh to bring hope in Japan's earthquake-affected region
Tough 2014 for traditional reinsurers and new capacity alike - Willis Re
RSA review to be completed by end-Feb
Munich Re and TÜV SÜD develop Project Risk Rating
Diary of events
People on the move
COVER STORY
"An integrated ASEAN economic community (AEC) will happen for sure. And 2015 should be seen as a milestone towards the journey of creating this AEC certainty rather than as a strict deadline," say many in the insurance industry. The impact of financial integration in the region will be significant, spurring demand for insurance with abundant opportunities. So the wheels are turning and stakeholders are working hard to get a slice of the pie.
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COUNTRY PROFILE
There is continued buoyant growth in life and non-life in Indonesia. OJK has taken active steps to even set tariff for motor, property, EQ, and floods to stop price war in the market while in life, the boost comes from rising wealth as well as the...
SPECIAL FEATURE
The heat is on. As insurers continue to ramp up and diversify their distribution efforts, brokers - particularly the small to medium-sized players - face an uphill task of distinguishing themselves in the ensuing competition. So, how can the...
As the insurance industry gears up for another year of business, Mr Manuel Bauer, Member of the Board, responsible for insurance growth markets at Allianz SE, shares his insight on the insurer's regional strategies and the importance of multi-access...
Great Eastern Group CEO Chris Wei shares their winning social media formula to better engage consumers. By Ridwan Abbas
The industry has historically been data rich, but knowledge poor. With the amount of data available set to grow exponentially, AIG intends to lead the way towards gaining an edge through analytics with the appointment of Mr Murli Buluswar as Chief...
"An integrated ASEAN economic community (AEC) will happen for sure. And 2015 should be seen as a milestone towards the journey of creating this AEC certainty rather than as a strict deadline," say many in the insurance industry. The impact of...
An integrated ASEAN will happen for sure, says Ms Evelina F Pietruschka, Secretary General of ASEAN Insurance Council (AIC). There is no time to lose and the AIC is committed to do whatever it takes to help the industry prepare for ASEAN Economic...
Southeast Asian states have targeted 2015 to create a more integrated economic region, and the effect on the insurance industry is potentially wide-ranging in the long run - from regulations, distribution, products, talent to operating cost base,...
Indonesia's Financial Services Authority, known locally as OJK, has been operating for a year now following the merger of several regulatory agencies into one concerted body. Dr Firdaus Djaelani, CEO of Non-Banking Financial Institutions & Member of...
The opportunities in Indonesia is no secret. The secret would be how to succeed in this intensely competitive market. Mr Kevin Strain from Sun Life Financial Asia shares his insight on opportunities, winning the trust of customers, recruiting and...
China and India are among the fastest-growing emerging markets within the global economy with the attendant boom in their non-life insurance markets. Ms Yisi Lu and Mr Evan Leite of Risk Lighthouse, through the creative analytics of available data,...
The future of the life industry and the professionals servicing their clients daily remain bright. We look at the statistics, and what more can be done to help the agency force.
As an industry globalises, its insurance needs become ever more specialised. To illustrate this, Mr Brad Berg of AIG Asia Pacific explores the needs of the construction industry.
Having started out as a business arm of Macquarie University, focussing on research into the natural catastrophes in the Australasia region, Risk Frontiers is now a unique and successful model of cooperation between the industry and the academia. Mr...
In this extract from The Geneva Association's Risk Management Newsletter, Mr Hans Peter Würmli of The Geneva Association says strong institutional frameworks are needed for public-private partnerships to be successful.
Mr Dean Carrigan and Mr John Gallagher of Clyde and Co, Australia, discuss the impact of The Privacy Amendment (Enhancing Privacy Protection) Act 2012 (Act) which is due to take effect on 12 March 2014.
Mr Louis Lee of SCOR Global Life Asia Pacific explains the dynamics of a direct life insurer in using reinsurance to optimise its solvency, business experiences and to reduce tail exposures.
Haiyan, along with exceptionally high losses from weather-related catastrophes in Europe, dominated the overall picture of natural catastrophes in 2013, said Munich Re in a report.
Employees in Hong Kong, Malaysia, Singapore and Thailand consider Critical Illness coverage one of the most important elements in the Employee Benefits Schemes (EB Schemes) offered by their employers, a survey commissioned by AIA Group Ltd showed.
Mr Manu Anand, Senior Manager, IFRS Advisory at Deloitte, said with the publication of the IFRS 4 Phase II, currently expected in early 2015, there is no time to delay and Asian insurers need to prepare for it urgently. We append below an extract...
Having successfully navigated a challenging year in 2013, reinsurers will face continuing market headwinds going into 2014, said Willis Re in its 1st View Renewals Report.
RSA Insurance Group said the review of its business to look for ways to raise capital will be finalised by the end of February.
Munich Re and TÜV SÜD have developed a new risk rating system, The Project Risk Rating (PRR), for industrial projects. The system facilitates the assessment of complex investment projects, and thus also the associated investment decisions.