General
Tropical cyclone pre-season activity forecast for 2020
Life & health
Indonesia: Pandemic presents new reality to life
Japan: Easing the burdens of COVID-19
India: Life insurance sees sharp decline in new business
South Asia: Surge in COVID-19 cases but no major impact on life insurers
Group health insurance needs to be innovative
Worst year in the history of aviation
Turbulent times expected for aviation industry in Asia
COVID-19 and aviation claim trends
The road ahead for (re)insurance
Preparing for future pandemics
Taiwan
Life insurers brace for bumpy road ahead
Adapting to a changing environment
No unicorns in the InsurTech desert
Relaxing the rules around InsurTech
Regulation for a stable market
Reinsurers must improve their skills
Trade credit presents opportunities for insurers
COVID-19 will bring in technology-enabled but simple insurance
Rethinking insurance cover during pandemics
A medium- to long-term approach to COVID-like events
Coronavirus will catalyse innovation in insurance
The right communication strategy during the pandemic
and claims
Australia: Claims-handling trends post-coronavirus
Singapore: Walking the talk for claims pay-outs
Hong Kong: Travel insurance accounts for large part of COVID-19-related claims so far
in a COVID-19 world
Pandemic forces insurers to rethink social media engagement
The Geneva Association - Building flood resilience in a changing climate
Risk management in times of uncertainty
Knowing your digital customer
Technology to improve ESG disclosure
Survival in the 'longevity era'
Tax insurance in M&A
Cyber insurance could spike after pandemic
Insights from the industry
Asian
Asia - 30th EAIC in Seoul postponed to 2022
Australia: Insurance losses from Nat CAT season exceed $3.5bn
China: Regulator issues draft revised rules for reinsurance business
India: Protracted growth seen in life protection segment
Japan: Major insurers report declining profits amidst coronavirus-fuelled volatility
Singapore: Final decision on hosting SIRC to be announced soon
Risk
COVID-19 is not the last pandemic
Collaboration to manage the financial impacts of a changing climate
Product Bites
People on the move
Where have all the good times gone
INSURANCE - Life & health
Buy Now
Industry players hope that the long-term prospects will pick up as protection and guaranteed savings products find favour with the customers in these uncertain times.
CHINA
With the advent of 5G, IoT and AI, there is a new phenomenon that can impact human society more than technology; the arrival of the ‘longevity era’.
RISK
As the world responds to COVID-19, the potential compounding effects of weather-related extremes could significantly challenge a country’s emergency management capacities and slow down socio-economic recovery.
It’s July and 2020 is scoring very badly in everyone’s books. We start the second half with even more confusion and volatility in the air beyond just US presidential election polemics. Ironically, on the COVID-19 front, as the...
What we can expect from the upcoming APAC monsoon season?
The COVID-19 crisis looks set to curtail recovery in Indonesia’s life sector, although new regulations introduced this year provide some form of respite.
The importance of having protection at this critical time is balanced by the financial pressure of paying premiums at a time where the economy might be facing long-term headwinds, leading many customers to wrestle with the choice between keeping...
The aviation sector has been hit hard by the coronavirus. How this will play out for aviation insurers and brokers remains to be seen.
A mutual appreciation and understanding of the future challenges faced by the aviation industry in Asia and the trading relationship between aviation underwriters and the airlines is required.
From the outset it was clear that with border closures, travel restrictions, both domestically and internationally, the aviation community would be one of the first and hardest hit business sectors, and may be one of the last to return to normal.
Allianz Re’s Kenrick Law addresses the parallels between 9/11 and COVID-19 for reinsurers - and what could lie ahead.
Some suggestions to be better prepared for future events.
New rules mean life insurers will have to evolve their product portfolio in the midst of a tough operating environment.
Life insurers need to adjust their strategies and plans in line with changes in the regulatory and global outlook.
With technology and start-ups making ever-widening inroads into the insurance landscape, Taiwan stands apart from other nations in Asia Pacific with the paucity of its InsurTech offerings.
The coronavirus pandemic is shifting the focus of insurance online and making things simpler for customers.
Insurance plays a crucial role in times of crisis. Health insurance lessens the cost burden of the ill and the injured. Life insurance offers financial relief to the dependents of the deceased.
Most catastrophic events have a disproportionately adverse impact on low-income people.
Social media has been a great way to connect with customers as face-to-face interactions are no longer possible.
COVID-19 has resulted in one of the most significant economic events of our lifetimes. Historical stress testing and stochastic modelling using an economic scenario generator can help.
A new report has called for technology and unified regulatory guidelines to make ESG disclosure efficient and actionable.
There are many cases where the buyer and seller in an M&A deal are not able to agree how to allocate or value a tax risk and this can be an obstacle to get the deal across the line.
Cyber insurance was already an evolving insurance class prior to the coronavirus pandemic but the forced rapid shift to remote working has heightened cyber risks further.
Every week, Asia Insurance Review surveys its readership to glean insights into the big issues that confront leading executives in insurance and reinsurance in the region. The results of our surveys are published in the form of a series of...
The organising committee for the 30th East Asian Insurance Congress (EAIC) has announced the postponement of the mega regional event scheduled for 30 August 2020 in Seoul to 2022.
According to an update from the Insurance Council of Australia (ICA), the cost of insurance claims from four natural disaster catastrophes declared over the 2019-20 summer has passed A$5.19bn ($3.46bn).
The China Banking and Insurance Regulatory Commission plans to revise reinsurance rules and has issued a draft of the regulation to be amended for public feedback.
Recent conversations with both insurers and reinsurers in Asia Pacific fail to deliver a definitive view of what they believe the rest of the year holds in store.