Celebrate the best of agency and advisory
General
Claims for Jakarta floods are well underway
Losses from Taal volcano not expected to impact local insurers severely
Australia's expanding 'red zone'
The new insurance model for India
Life & health
Coronavirus and extreme mortality risk
Diary: How the insurance industry in Asia responded to COVID-19
Data and its explosive impact on our lives
The preventative healthcare imperative in Asia
Understanding the legacy market in Asia
Reassurance on reinsurance
Think Tank
The Geneva Association - Promoting responsible AI in insurance
Malaysia
Changing times
Reaching every life under the Malaysian sun
Facing regulatory change and customer demands
Leading the line
Marching on despite setbacks
A year of developments
An increased reliance on digital channels
Chinese insurers respond to COVID-19 outbreak
COVID-19: Limited impact on Chinese insurers
The convergence imperative
Receiving claims pay-outs with just a touch
Blurring the lines between insurance and banking
Indian brokers - bumpy road ahead
Coronavirus increases risks of supply chain disruption
The biggest remote working experiment is now a reality
Infographics
Shattering the 'glass ceiling'
Asian
Australia: Severe thunderstorms lead to over 55,000 insurance claims
China: Insurance association stresses speedy claims processing for coronavirus cases
India: State-owned general insurers move a step closer to merger
Indonesia: Govt approves major reform easing rules affecting foreign ownership of insurers
Malaysia: Insurers urged to change messaging about life insurance
Risk
Oil and gas majors reject requests to address climate change
Product bites
People on the move
The Wuhan Clan
NOTEBOOK
REINSURANCE
Run-off or legacy business is a common part of the (re)insurance industry but has yet to gain traction in Asia. We seek to understand what run-off actually is, and what it means for the Asian (re)insurance industry.
INSURANCE - Life & health
If pandemics can lead to excessive extraordinary claims on insurers, this could pose a systemic risk. Should regulators demand that insurers hold greater capital buffers to ensure that the end consumer is never put at risk?
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RISK - Think Tank
The use of AI in insurance has the potential to yield economic and societal benefits that go beyond insurers and their customers by improving risk pooling and enhancing risk reduction, mitigation and prevention.
COVID-19 has turned the world upside down and manic panic fears are crippling forward movement.
HSBC Holdings group chairman Mark Tucker is the patron of the Asia Trusted Life Agents & Advisers Awards.
The rains that fell on Jakarta on New Year’s Eve and New Year’s Day led to historic flooding, with the equivalent of 72,000 Olympic-sized swimming pools worth of water flooding the city.
As the threat of a major explosion from the Taal volcano in the Philippines recedes, insured losses appear to be fairly muted.
The devastating bushfires that hit Australia in recent months have prompted insurers to re-evaluate their pricing in areas prone to bushfire risk. Such a move could render more properties uninsurable in the coming years.
The direct financial impact of COVID-19 outbreak on the (re)insurance industry is likely to be limited.
Ever-changing customer demands and new emerging trends dictate the need for speed to market if insurers are to stay competitive.
Coming off good financial performance in 2019, Sun Life Malaysia’s Raymond Lew is looking forward to new opportunities in 2020, despite the challenges that lie in wait.
The liberalisation of fire and motor insurance is putting pressure on general insurers in Malaysia, as are growing customer demands.
During the Chinese New Year period, the new coronavirus emerged in Wuhan city and spread rapidly to all parts of the China.
The World Health Organization’s tag of global health emergency on the COVID-19 virus outbreak in China notwithstanding, the loss impact on the country’s insurance market is likely be limited.
Emerging technologies get all the attention, but the real power comes when they’re combined.
More insurers are working towards a fully digital claims process in this on-demand economy where customers want immediate pay-outs at the touch of their fingertips.
Southeast Asia has at least 150 e-wallet license holders, providing money transfer and payment services to the region’s smartphone-wielding populace.
Low insurance penetration, expanding markets and emerging risks offer more opportunities but digitalisation, web aggregators and changing customer preferences pose stiff competition to brick and mortar brokers.
It is still too early to predict the final economic impact of the coronavirus outbreak but we provide some pointers.
Change is a reality for businesses nowadays and the ability to respond in an agile way helps organisations stay ahead of the competition.
We spoke to notable Asia-based female insurance industry leaders to get their views on overcoming barriers, breaking the glass ceiling and successfully disrupting a traditionally male-dominated industry.
The storms in eastern Australia that took place from 19-21 January appear to be the country’s most severe thunderstorms since December 2018, said AIR Worldwide.
The Insurance Association of China (IAC) has said that it is necessary for insurers to open a ‘green channel’ for handling insurance claims related to medical treatment for the novel coronavirus.
On 12 February, India’s union cabinet gave its in-principle approval to inject INR25bn ($351m) into three public sector general insurance companies. The capital infusion in these companies takes place ahead of their proposed merger by the end...
“When it’s an emerging country facing a big catastrophe, it’s a drama and people can lose everything … Resilience is a key word in today’s world. Resilience is at the heart of insurance and reinsurance to help people...