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Showtime for reinsurance
Hurricanes Harvey and Irma thrust the perennial global protection gap starkly into the limelight, alongside rising threats from cyber and accumulation risks during the annual global reinsurance mart gathering in Monte Carlo. Asia Insurance Review reports.

Source : AIR | 01 Oct 2017
A Parade of Indonesia Rendezvous
For 23 years now the Indonesia Rendezvous has been held as an annual affair come rain or shine except when Bali also hosted EAIC in 2012. This year, the Rendezvous plans to look at fraud management as a priority. We bring you a quick tour of the milestones of the Rendezvous.

Source : AIR | 01 Oct 2017
Disrupting the CIO
The role of the Chief Information Officer was brought into question at Asia Insurance Review’s 6th CIO Technology Summit. He now needs to be an instigator, an integrator and an innovator.

Source : AIR | 01 Oct 2017
SMEs still mostly an emerging business for insurers
SMEs, still uninsured or underinsured, and with minimal or little risk management strategies, are unaware of how precarious their survival is should the next big risk come along.

Source : AIR | 01 Oct 2017
The legal clutch of cyber
With the 2017 Asia Pacific Insurance Conference (APIC) being held later this month in Singapore, we bring you AIR’s first ever legal roundtable where we look at insurance from the eyes of the legal eagles.

Source : AIR | 01 Oct 2017
No better time to buy cyber insurance
As ransomware and data breach incidents hit the headlines more frequently, the dangers of ‘silent cyber’ continue to lurk. Yet insurers are starting to get a handle on insuring cyber and are ever more enthusiastic about its potential, while the cyber insurance market continues to grow in tandem with an increasing awareness from clients.

Source : AIR | 01 Oct 2018
Bridging the gap for retirement
Across Asia, the aged 60+ population is increasing at a tremendous pace – six to 10 times faster than population growth. In addition, life expectancy is increasing, with people in the region likely to live until 83 by 2050-55. The 13th Asia Conference on Pensions & Retirement Planning organised by Asia Insurance Review discussed the challenges for this rapidly ageing region.

Source : AIR | 01 Nov 2017
IGP&I to provide certification and reinsurance for MLC abandonment cover
The International Group of Protection and Indemnity Clubs (IG) said they will be providing certification that is required under the Maritime Labour Convention (MLC) and has also arranged reinsurance cover which will provide in total US$200 million MLC abandonment cover.

Source : AIR | 01 Nov 2017
Marine weathers the storm
With our Marine Insurance Conference in Hong Kong this month, we take stock of what IUMI achieved in Tokyo in September. Amidst numerous challenges, marine insurers are still hopeful with technology having a huge impact.

Source : AIR | 01 Nov 2017
The Geneva Association - Longevity Risk: Changing the environment to encourage solutions
Asia is ageing faster than the rest of the world. Solutions proposed at a recent conference in Taipei include investment in human capital, getting older people to work longer, encouraging increased fertility rates and more cooperation between regions in Asia. Mr Ronald Klein of The Geneva Association reports.

Source : AIR | 01 Nov 2017
Oman: Compulsory insurance spells opportunities for healthy growth
The 11th Middle East Healthcare Insurance Conference, first time in Oman, saw the launching of the compulsory healthcare insurance scheme for expatriates starting 2018. Held in collaboration with the Capital Market Authority of Oman, the conference addressed the opportunities and challenges of implementing mandatory healthcare insurance and how operators can make the best of technology to benefit from this booming business line in the region.

Source : MEIR | 01 Nov 2017
Where is the untapped potential?
Takaful is growing steadily in some markets like Malaysia though in many others including in the GCC it seems to be slowing down. Takaful operators are still finding ways to appeal to Millennials, while grappling with regulations that do not promote a level playing field. Speakers at the Takaful Rendezvous 2017 in Kuala Lumpur shared candid views about the challenges faced while highlighting new avenues of potential to explore.

Source : MEIR | 01 Nov 2017
Health & Retirement: Personalised treatment - One size does not fit all!
Drugs are mostly prescribed on a “one-size-fits-all” basis, ignoring the fact that everyone is different. This was a key focus at the recent Singapore Actuarial Society’s Health and Retirement Conference.

Source : AIR | 01 Dec 2017
Taking the revolutionary road to new opportunities of growth
At the inaugural 2017 LIMRA-KIRI Insurance Conference in Seoul, participants looked ahead to “Inventing the Future of Insurance”. Will technology make insurance more accessible?

Source : AIR | 01 Dec 2017
Takaful 2.0: Will we ever get there?
The takaful industry needs to transform business to assimilate disruptive forces, appeal to millennials and move towards the next phase of “takaful 2.0” which it has yet to arrive at, said speakers at the Takaful Rendezvous 2017 organised by Asia Insurance Review.

Source : AIR | 01 Dec 2017
Sustainability a risk & opportunity for business
PARIMA 2017 conference in Singapore last month highlighted that though sustainability is a growing strategic risk issue that could have financial impact on a business, it could prove to be an avenue of growth and opportunities.

Source : AIR | 01 Dec 2017
Asia - Data science to grow in importance for insurers
A recent research by Forrester revealed that 70% of enterprises expect to implement Artificial Intelligence (AI) over the next 12 months, up from 40% in 2016 and 51% in 2017.

Source : AIR | 01 Feb 2018
Asia - Social media is key for brokers
A recent social media survey conducted by Economical Insurance found that 85% of brokerages think an engaging social media presence gives a competitive advantage over those that do not use the medium. 79.5% of respondents said they use social media primarily to generate new leads and sales.

Source : AIR | 01 Feb 2018
Asia - Healthcare expenses to reach US$1.96 tln by 2020
Healthcare spending in Asia and Australasia is expected to grow at a CAGR of 5% to top US$1.96 trillion by 2020, up from $1.54 trillion in 2015. Globally, this spending is expected to reach $8.7 trillion by 2020, from $7 trillion in 2015, according to Deloitte’s 2018 Global Health Care Outlook.

Source : AIR | 01 Feb 2018
Looking at prospective market liberalisation in Myanmar
All eyes are watching Myanmar closely for 2018, the year to usher in the new wave of transformation for the emerging insurance industry as it stands on the cusp of liberalisation.

Source : AIR | 01 Feb 2018
New reinsurers are the flavour of the season!
Market participants in India have now transcended from finding the ideal reinsurance partner globally to having them in India itself! It is indeed ‘The New World of Reinsurance in India’.

Source : AIR | 01 Mar 2018
Not disruption, but continuous evolution
With a record 700 delegates from 38 countries, hectic networking, engrossing discussions and effective bilateral meetings, the 12th India Rendezvous, Reinsurance: Disrupted, in Mumbai from 22 to 24 January set important milestones.

Source : AIR | 01 Mar 2019
MDRT Experience: The magic of perspectives
The recent MDRT Experience Meeting in Bangkok was filled with inspirational stories of advisers, as well as key takeaways, such as how to overcome silo mentality in solving problems and how businesses and leaders can connect with a new generation.

Source : AIR | 01 Apr 2018
On the cusp of a new growth wave
All eyes are on the government for more liberalisation updates post AIR’s 2nd Myanmar Insurance Summit in Yangon last month where delegates and speakers highlighted their wishlists to the regulator.

Source : AIR | 01 Apr 2018
Asia Employee Benefits & Insurance Conference in July (3-4 Jul 2018, Mandarin Orchard Hotel, Singapore)
In the sharing economy with the empowered connected employee, the fight for talent is critical for success. Employee benefits is a game-changer in making companies become employers of choice. And many global MNCs have admitted that runaway employee benefits costs need to be controlled. A huge chunk of employee benefits is health costs and the recent headlines on Aetna, Apple, Amazon, JP Morgan Chase and Berkshire Hathaway moves in the healthcare arena is a sign of the times.

Source : AIR | 01 Jun 2018
Great power, greater responsibilities
Speakers at the 11th Asian Insurance CFO Summit highlighted the rapidly-expanding scope of insurance CFOs’ and finance teams in the last few years, especially in the light of the IFRS 17 finalised in May 2017.

Source : AIR | 01 Jul 2017
Straight-through winning
Although bancassurance remains a compelling proposition for both insurers and banks, it is not cushioned from the impact of disruptive technology that is buffeting the industry. Here are key takeaways from the 18th Asia Conference on Bancassurance & Alternative Distribution Channels.

Source : AIR | 01 Jul 2017
Using technology to stake a claim
Experts at the Asia Conference on Claims Management and Insurance Fraud spoke about integrating technology into the claims handling and fraud detection process, the legal intricacies involved in proving fraud and getting the customer involved in the claims process.

Source : AIR | 01 Jul 2017
Nat CAT: The worst is yet to come
With climate change bringing unprecedented Nat CAT intensity, the recent 16th Conference on Catastrophe Insurance in Asia organised by Asia Insurance Review was a stark reminder that the (re)insurance industry needs to stay vigilant and improve its offerings to combat Nat CAT risks.

Source : AIR | 01 Jul 2018
CAT resilience: Cementing the cornerstones
Experts and regulators at the 15th Conference on Catastrophe Insurance in Asia exhorted the industry and countries alike to collaborate and beef up disaster risk management in the face of increasingly volatile risks.

Source : AIR | 01 Aug 2017
PARIMA Shanghai 2017 highlights risk management concerns in China
The Pan-Asia Risk and Insurance Management Association (PARIMA) hosted its second regional conference of 2017 in Shanghai recently. Topics including China’s cyber regulation, captives, supply chain risks, project risks related to international expansion, product recall and safety management in construction projects were discussed.

Source : AIR | 01 Aug 2017
Risk management across supply chain vital to cyber defence
The interconnected and unbounded nature of the cyber means that each company is vulnerable to risks from each partner in the ecosystem. Cyber security requires a collaborative effort supported by information sharing, said speakers at the 2nd Asia Cyber Risk Summit.

Source : AIR | 01 Aug 2017
Belt and Road Initiative: Opportunities and risks
China’s Belt and Road Initiative will bring the global economy enormous growth and investment opportunities, estimated by Swiss Re to be worth an additional $23bn in commercial insurance premiums by 2030. However, BRI projects also bring with them risks. The first-ever Insurance Summit on BRI organised by Asia Insurance Review saw experts discuss these issues.

Source : AIR | 01 Aug 2018
Teutonic order: Partnerships to step up protection against climate risk
The theme of this year’s Global Insurance Forum, held in Berlin and hosted by the International Insur-ance Society (IIS) and The Institutes, was the ‘Innovation Transformation’.

Source : AIR | 01 Aug 2018
Priority issues for CEOs: Walking down the online avenue
It is hard to see your own flaws, which is why the consultant is such an important figure in any successful business. In a thought leadership roundtable organised by Asia Insurance Review, consultants from three major firms gave their views on what the insurance industry has to do to navigate the future.

Source : AIR | 01 Sep 2017
Prevailing through humanity
Despite disruption, the rise of artificial intelligence, agents and advisers will continue to play an important role in life insurance in the near term. This can be achieved by honing in on the human traits in advice that technology can never quite replace.

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Source : AIR | 01 Sep 2017
Building resilience where it matters
There is a need to improve the resilience of not just society, but the natural world too. This was one of the key discussions at the IIS Global Insurance Forum which took place in July in London.

Source : AIR | 01 Sep 2017

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