Do you want the good news or the bad news?
General
InsurTech: Have you innovated today?
Bigger does not always mean better
View from India: Fraud can be avoided
Setting the gold standard in insurance
Life & health
A purpose-driven digital insurer
Structural growth potential of insurance in Asia
Mental health: Change starts from within
Facing the growing mental health conundrum
Insurers address rising mental health risk
Mental health: Still some way to go
South Korea
Life reinsurance: Fast-paced and lots of opportunities
Association lays out plans to improve life competitiveness
Ageing population is a challenge
A proliferation of digital insurers
ESG objectives with human-centered stakeholder relationship management
Solvency modelling must change
Property rate increases more moderate than predicted
Glaring insurance gap for natural disasters seen in 2020
Role of reinsurance in reviving travel
Blockchain platform for complex reinsurance operations
Customer service with AI and automation
Insurance hiring: When supply and demand are in sync
The green Belt and Road: Towards carbon neutrality
Cloud technology, the future of capital and risk modelling
Purpose, productivity and resilience
Insurance innovation through cloud-based analytics
The potential of AI to boost customer experience
Social inflation: Navigating the evolving claims environment
Asian
6th Asia Trusted Life Agents & Advisers Awards opens for nominations
Australia: Latest estimates for 2020 hailstorms puts losses at $1.5bn
China: Broader product mix can boost health insurance business
India: Drug makers buying clinical trial liability insurance
Singapore: HSBC, Etiqa among bidders for AXA Singapore
Thailand: Digital broker rebrands
Risk
Climate change may intensify floods in southern India
Barometer lists top risks for the region
Product bites
People on the move
INSURANCE - Life & health
No one seems quite sure if digital insurers are merely transitory creatures of fantasy - or the future of insurance.
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CHINA
Regulatory changes over the last two years, as well as the COVID-19 pandemic, have shaken up hiring in China’s insurance industry. We spoke to Hays’Ms Jessica Wang to get more details.
NOTEBOOK
Unexpected claims payments can seriously damage insurers’ balance sheets and challenge their capacity to provide vital support to society.
First the good news. Many in Asia will have heaved a sigh of relief in recent weeks at the news that China’s gross domestic product grew 6.5% in the fourth quarter of last year – and may have taken it as a sign that business had...
We spoke to an InsurTech about growth and the challenges facing an industry trying to go digital during a pandemic.
BMS Asia’s Sandra Lee spoke to us about how the independent specialist broker intends to compete in a tough market and prove that success does not hinge entirely on the size of the company.
In the recent past, insurance companies have adopted different strategies to survive. However, fraud-detection processes have not evolved to keep pace with these changes.
The life reinsurance market in South Korea has some unique characteristics – which make it interesting for a range of players. In this competitive mix, Pacific Life Re has been a quiet achiever as Messrs Andrew Gill and Phil Hay tell us.
The Korean Life Insurance Association outlined four specific initiatives to help Korea’s life industry enhance its competitiveness, manage regulatory demands and open up new growth opportunities.
South Korea’s ageing population will be a growing financial burden to its insurers in the coming decades.
The COVID-19 pandemic has introduced unprecedented challenges and raised ongoing questions for most industries.
The big three reinsurance brokers reported an orderly and rational January renewals despite the challenges posed by COVID-19 exposure.
Global losses from natural disasters in 2020 came up to $210bn, of which $82bn were insured. Compared to 2019, both overall losses ($166bn) and insured losses ($57bn) were significantly higher than in the previous year.
COVID-19 has had a dramatic impact on the travel insurance market. Reinsurance will play an important role in helping the sector get back on its feet.
Insurance companies have adopted a range of channels for dealing with claims processing, after sales service and policy enquiries.
Last year China announced that it would achieve domestic carbon neutrality by 2060, showing a clear direction for its future energy investments.
The silver lining of COVID-19 is the opportunity to develop more efficient, digital operating models by reinventing work and leveraging technology to automate and transform businesses.
Insurance carriers will need to look less like the traditional insurers of the past and more like modern technology companies.
Opportunities loom large for cloud-based analytics technology to address insurance industry challenges, including addressing COVID’s impact on the sector over the course of the past year.
The 6th Asia Trusted Life Agents & Advisers Awards, the region’s most prestigious awards recognising the best in financial advisory with an independently-audited judging process, are now open for nominations.
The final estimate for insurance market losses from the January 2020 Australian hailstorms has come in at AUD$1.88bn ($1.5bn), according to calculations by PERILS, the independent Zurich-based organisation providing industry-wide catastrophe...
Insurers can grow short-term health insurance by broadening the product mix, serving specific groups such as older people, and bundling insurance with healthcare services, says Swiss Re Institute.