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Philippines: Regulator urges insurers to offer terrorism cover
The Insurance Commission urged insurance companies to develop products that will afford protection against losses and damages as a result of acts of terrorism.

Source : AIR | 01 Oct 2017
Singapore: Call made for bond default insurance
Singapore’s watchdog for minority shareholders and a leading law firm are proposing an insurance scheme to protect bond investors from default.

Source : AIR | 01 Oct 2017
Regulatory changes the way of non-life
China’s non-life insurance industry has traditionally been underpinned by motor insurance, but that is changing. We spoke to Mr Qin Lu, CEO for both Aon Benfield Greater China and Aon Risk Solutions, China at the recent Rendez-vous de Septembre for his perspective on the industry’s new growth opportunities and the impact of regulatory developments on the mainland.

Source : AIR | 01 Nov 2017
Samsung Re: Expanding beyond group business
Samsung Re has been keeping a low profile since its inception in 2011 but of late, the reinsurer has adopted a new strategy to expand its operations beyond its group business and into newer territories across Asia. We speak to Mr Tae Y Choi, CEO, Samsung Re at the SIRC, to find out the plans and strategies ahead for the company.

Source : AIR | 01 Dec 2017
Bangladesh: Insurance industry takes flight
Regardless of Bangladesh’s political and economic challenges, the insurance industry has huge potential for growth and shows no signs of slowing down in the year ahead. The market currently has two state-owned companies, 45 private non-life and 31 private life insurers.

Source : AIR | 01 Dec 2017
Seeking a buffer in a tough marine market
We speak to Munich Re Syndicte Singapore CEO Celine Ang about the company’s diversification efforts as it seeks to cushion the effects of a weak marine and energy insurance market.

Source : AIR | 01 Dec 2018
Insuring Live Sporting Events: An Olympic-sized risk?
In the lead up to the Winter Olympics in Pyeongchang later this month, we speak to Mr Michael Furtschegger from AGCS on the risks and exposure of hosting live sporting events and the important role insurance can play.

Source : AIR | 01 Feb 2018
The rise of the connected vehicle - and what it means for warranties
Motor car warranty needs to evolve as the automobile industry changes to one of connected vehicles. Mr Manfred Schmoelz of The Warranty Group says as more cars are connected, these cars will have the capability to identify components at risk of failure before it happens.

Source : AIR | 01 Mar 2018
Asia: InsurTech investments surging strong
InsurTech funding in 2017 rose 36% from the year before to reach US$2.3 billion, according to the latest data published by Willis Towers Watson.

Source : AIR | 01 Mar 2018
Embracing the bright yet challenging future on renewable energy
Taiwan’s Renewable Energy Development Plan targets 20% of its power to be generated from renewable energy by 2025. Mr Patrice Nigon of Swiss Re discusses how they are supporting these endeavours to develop clean energy.

Source : AIR | 01 Jun 2017
Lloyd's underwriters told to stop insurance linked to NRA
Lloyd’s of London has said it will direct underwriters to terminate all insurance offered, marketed, endorsed or otherwise made available through the National Rifle Association (NRA) of America.

Source : AIR | 01 Jun 2018
Marketing insurance in the digital age
Disruptions may come and disruptions may go but someone still has to market insurance products and promote the brand. Welcome to the hard-boiled world of marketing, advertising, promotion and corporate communications in the untamed digital frontier of the future.

Source : AIR | 01 Jun 2018
2017 was the costliest year on record for the UK specialty insurance market
The UK specialty insurance market suffered the costliest year on record in 2017, according to EY’s Annual Specialty Results analysis, due to a combination of natural and man-made catastrophes including hurricanes Harvey, Irma and Maria and the Californian wildfires.

Source : AIR | 01 Jul 2018
Innovating for sustainable aquaculture growth
Asia is home to several of the world’s largest aquaculture production countries including China, Indonesia, India, Vietnam, Philippines, Bangladesh and South Korea. Mr Yu Deng of Swiss Re discusses the expanding sector and how insurance programmes can be tapped for its sustainable growth.

Source : AIR | 01 Aug 2017
Nepal: Beema Samiti slashes premium rates for Riot Strike and Terrorism
Beema Samiti (Insurance Regulatory Authority of Nepal) has reduced premiums for Riots, Strike Damage under Fire Tariff by 25% and for Malicious, Sabotage and Terrorism by 50%. The new premium rates came into effect from 16 July. Earlier, the regulator had also reduced private car own damage premium rate to the tune of 25% to 35%.

Source : AIR | 01 Aug 2017
Bright future for Afghan insurance sector with global support
The insurance industry in Afghanistan, though small in size, is poised for growth with increasing awareness and opportunities resulting from the government’s push for infrastructure development in the country. Although terrorism is still a major concern, it has not dampened the business environment with commercial activities on the increase.

Source : MEIR | 15 Aug 2018

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