Messages from Japan and Korea
General
Here for the long run
Insurance can manage your liabilities well
Reinsurance
Battlin' Catlin
Simply resilience
A future in specialised solutions
Getting more risk covered
New coalitions to insure climate risks
Collaboration and dialogue: Asian Reinsurers' Summit
Strong growth through hard work
Convergence of reinsurance and ILS
Bringing more value to the table
Asia reinsurance: Growth potential also calls for prudence
What does digital transformation mean for the reinsurance industry?
Why coinsurance?
Cyber risks - The known unknown emerging exposure
Think Tank: The Geneva Association - Are insurance balance sheets carbon-neutral?
Battling urbanisation and climate change-related risks
Japan
Looking after customers first
Ups and down for non-life players
Market for natural risks will expand
Dealing with an ageing society
Steady as she goes
Regulatory issues for insurers in Japan
Economic value-based solvency for life insurers
InsurTech corporate venture capital
InsurTech grows up
The rise of the brokers
Events create opportunity
Fast growth in a tough market
A microinsurance hub in the making
Microinsurance to gain traction in Asia
Ahoy Asia
Insurers face a bumpy road ahead
Agents or digital or human-digital?
Is the time ripe for an online life insurer in China?
The InsurTech revolution
Agriculture insurance on growth trajectory in Asia
Digital transformation in insurance - addressing the talent and skills gaps
Making takaful more inclusive
Supercharging the future of insurance through innovation
Advice for women joining the industry
Asian
ASEAN: Insurers tread carefully when embracing digitalisation
Australia: Insurance alternatives attract more attention
Bangladesh: Strong insurers urged to lead in life market transformation
Hong Kong: Most residents feel they cannot afford their retirement goals
India: Proposal for compulsory cyber insurance for banks
Indonesia: Insurers want IFRS17 implementation to be deferred till 2025
Japan: Fire insurance premiums to be increased in wake of typhoons
Malaysia: Further discounts on premiums to be granted to careful drivers
Myanmar: New life insurer launched
New Zealand: Doctors label climate change a 'health emergency'
Pakistan: 56,000 people die of TB each year
Philippines: Insurers quit market for lack of capital
Singapore: Union helps insurance workforce rise to digital challenge
South Korea: Insurance business predicted to stagnate next year
Taiwan: Health ministry studies need for long term care insurance scheme
Thailand: Regulator mulls authorising standalone flood insurance policies
Vietnam: Consumers name health as top concern
China
China Re urges P&C insurers to strike balance between scale and profits
EU insurers seek easing of rules for foreign players
Majority of individuals aged at least 50 yet to prepare for retirement
Global
UK car insurance premiums fall 1% in third quarter
Next Insurance raises $250m from Munich Re
Risk
Chronic diseases on the rise in India
Industry commits to boost climate-change resilience for the most vulnerable countries
Product Bites
People on the move
COUNTRY PROFILE - Japan
COVER STORY - Reinsurance
Stephen Catlin is back on the scene, four years after selling the company that carried his name to XL Group for $4.1bn – and two years after he retired from the company. Now he’s back with a new venture called Convex – because...
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SOUTH ASIA SPOTLIGHT
The Sri Lanka insurance industry grew 9.5% to $1bn in gross written premiumsin 2018.
Allianz Re CEO Amer Ahmed believes that overcapacity should spur the industry to bring more risk into the reinsurance fold.
Climate change is accentuating the forces of nature. Allianz Climate Solutions’ Simone Ruiz-Vergote provides some informed commentary.
Insurers are entering into coinsurance treaties with reinsurers to help them mitigate asset and liability risks. RGA’s Simon Armand discusses this strategy.
RISK
The insurance industry has the potential to play an important role in countering climate change. The capital flows associated with it may need to be redirected towards carbon-neutral activities.
TECHNOLOGY
Digitalisation is changing the way insurers operate and interact with customers worldwide. It is also mixing up the market, with new digital players entering the scene. The potential of InsurTechs is especially pronounced across the Asia Pacific...
This is indeed a bumper issue as there is so much happening around the world threatening everyone’s peace of mind every which way. The world is fraught with tensions be it politics, global economics, terrorism, cyber, natural disasters or just...
Singapore is a notoriously competitive market for non-life insurers with significantly less than half the players making an underwriting profit in any one year. We spoke to United Overseas Insurance’s David Chan Mun Wai to find out what a boon...
All businesses, big or small, have a third-party exposure. This exposure could be in the form of customers, contractors, collaborators, contract workers and more.
Societies that are unprepared for external shocks delivered by nature are prone to disequilibrium. Insurance and reinsurance can help prepare societies to deal with these events – and that’s a role that SCOR intends to continue to play,...
Munich Re chief executive officer Dr Joachim Wenning, discusses the shifting dynamics within the industry.
Peter Hacker and Hans-Joachim Guenther give an update on progress of the cyber pool announced at SIRC 2018 – and industry thinking on cyber.
Highly urbanised areas have a concentration of risk which contributes to complex challenges, but it also presents opportunities for insurers to innovate.
Meiji Yasuda Life is finding that its home market still has room for growth. We spoke to Akio Negishi about growing life insurance market in Japan.
Mitsui Sumitomo Insurance is a well-known brand throughout Asia but its home is in Japan, where it is responsible for managing group non-life insurance activities globally. We spoke to Mitsui Sumitomo’s Noriyuki Hara to get a glimpse of...
Toa Re is both a large reinsurer and a very nimble player in the Japanese market. Toa Re’s Tomoatsu Noguchi talks to Asia Insurance Review about business growth, Nat CAT, cyber, China and more.
Bangladesh, with a population of 163m and over 30% living below the national poverty line, offers tremendous scope for microinsurance.
The 15th international conference on inclusive insurance will be held in Bangladesh in November. Munich Re Foundation’s Dirk Reinhard gives as his take on the event.
The International Committee for Insurance Medicine congress moves to in India in November. ICLAM president Dr Detloff Rump gives a sneak peek.
China’s life insurance penetration could grow from 2.68% in 2017 to 8.81% in 2034. How will this happen?
A large number of internet insurance platforms have received new investment this year. What next?
Government-backed agricultural insurance schemes are playing a crucial role in enabling people to recover quickly from the impact of shocks.
Despite the abundance of training institutes and programmes available, the industry is still bemoaning the lack of skilled talent. SCI’s Karine Kam gives us some insight.
Takaful represents 17% of total combined premiums in Malaysia, but to make the next leap in growth, it has to be made more inclusive and affordable.
Pacific Life Re’s head of pricing, underwriting & claims Joanne Yeo advises young female professionals in the industry to not limit their thinking in the pursuit of their dreams.
The proprietary ‘going it alone’ digitisation of the existing value chain is the most preferred strategic approach to preparing for the digital future for a majority of non-life insurers in ASEAN, according to a regional survey.
Demand for insurance alternatives has increased because traditional insurance may not be appropriate for every risk, and the market has opened up for more niche or tailored insurance solutions, according to a blog item by boutique law firm The Fold...
There needs to be serious thinking about enabling newer insurance distribution channels, incentivising agents to take up a long-term career in insurance, product innovation and revisiting existing regulations, in order to tap opportunities in the...