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Industry finds hope in the recommendations!
It looks like happy days are here again for the reinsurance fraternity in India, as the Reinsurance Expert Committee (REC) has recommended that after GIC Re, insurers should be allowed to obtain the best terms simultaneously from Indian reinsurers, foreign reinsurance branches, Lloyds India and cross-border reinsurers that satisfy eligibility criteria.

Source : AIR | 01 Jan 2018
Asia: Independent broker pinpoints talent as growth cornerstone
London-headquartered RFIB is the new kid on the block in Singapore, having received its licence there in August 2017.

Source : AIR | 01 Jan 2018
Helping clients to grow in profitable areas
In the digital world, many intermediaries face a bleak future and so they would have to reinvent themselves. While reinsurance brokers have a professional and important role to play in the industry, they are not immune to the changes around them. We speak with Mr Tony Gallagher, recently appointed CEO of Guy Carpenter’s Asia Pacific region, about its growth in the retrocession business, what its clients want, its plan for technology innovation and market outlook.

Source : AIR | 01 Oct 2017
Not over-crowded, but open market: Gargash
The regulatory changes that are being introduced in the UAE are very positive because they are meant to clean up the mess, discipline the rogue players and protect the insuring public, says Mr Mustafa O Vazayil, Managing Director, Gargash Insurance Services.

Source : MEIR | 01 Nov 2017
India: Mr Atul Boda inducted into FAIR Hall of Fame
Mr Atul Dhirajlal Boda, Chairman, J B Boda Group of Companies was the recipient of the FAIR Hall of Fame Award at the 25th FAIR Conference held in Bahrain in October 2017. Mr Boda has more than 30 years of experience in the insurance and reinsurance industry around the world.

Source : AIR | 01 Nov 2017
UIB: Think global, operate local
UIB Holdings Chairman, Bassem Kabban, discusses their approach which encompasses partnerships, carefully selected hubs and recruiting the right people.

Source : AIR | 01 Nov 2017
Willis Re: Future-proofing business and society
Amid a rapidly changing and increasingly volatile world, Willis Re International Chairman James Vickers tells Asia Insurance Review what he figures are the dominant trends to play out, as well as why regulators and industry should not lose sight of the meaning and value of global reinsurance.

Source : AIR | 01 Nov 2017
Morocco: Brokers reject professional exam, call for reform
The National Federation of Insurance Agents and Brokers in Morocco (FNACAM) has rejected a professional examination for brokers being organised by the Supervisory Authority of Insurance and Social Security (ACAPS) to be held early next year.

Source : MEIR | 01 Nov 2017
UAE: Insurers highlight areas for improvement in dealings with brokers
Loading by brokers, poor support in premium collection and weak product and industry knowledge have been cited as the top concerns of insurers when dealing with brokers in the UAE.

Source : MEIR | 01 Nov 2017
UAE: Misr and SHIELDS start operations at DIFC
Egypt’s largest insurer Misr Insurance and a new reinsurance intermediary, SHIELDS Reinsurance Brokers, have both received licences from the Dubai Financial Services Authority (DFSA) to operate in the DIFC.

Source : MEIR | 01 Nov 2017
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
Pakistan: Infrastructure projects to generate additional premiums of up to US$600 mln
The China Pakistan Economic Corridor (CPEC), established in 2017, with a number of significant projects starting to kick off, is expected to generate up to US$600 million in additional insurance premiums in the coming years as China invests billions of dollars in creating new motor, rail, power, and energy infrastructure in the country. This estimate is provided by Aon in its Asia Market Review 2018.

Source : AIR | 01 Mar 2018
J B Boda: Building relationships for 75 years
The J B Boda Group pioneered reinsurance broking in India and is celebrating its 75th Anniversary this year. We speak to Mr Atul Dhirajlal Boda, Chairman of the Group on the journey so far and the road ahead.

Source : AIR | 01 Mar 2018
Indian brokers - bumpy road ahead
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.

Source : AIR | 01 Mar 2020
Indian Insurance Brokers: Future is promising, only if!
The Indian insurance broking business has been a substantial contributor to the growth of the country’s insurance industry. With artificial intelligence, digitalisation and web-aggregators likely to pose a tough competition to the brokers, the new IRDAI (Insurance Brokers) Regulations 2018 does attempt to create a level playing field.

Source : AIR | 01 Apr 2018
Hong Kong: Call for light touch in insurance broking regulation
Several hundred members of the Professional Insurance Brokers Association have urged Insurance Authority chairman Moses Cheng Mo-chi to refrain from introducing heavy handed regulation.

Source : AIR | 01 May 2018
New Zealand: Blockchain solution being developed for insurers
New Zealand’s largest bank, ANZ, and IBM are working with Suncorp New Zealand to develop a blockchain solution for the insurance industry that will help make the data transfer and payment reconciliation process faster and more transparent between brokers and insurers.

Source : AIR | 01 Jun 2018
Delivering real solutions through innovation
Ms Regine Lai, Managing Director of Insurance Republic, is a Singaporean who has made her entrepreneurial mark across Asia and Europe over the last 10 years; specialising in brand consulting for retail, banking & finance and insurance entities. She recently led the launch of Insurance Republic’s new app, my-insurer.

Source : AIR | 01 Jul 2017
Over 50 finalists in Australian Insurance Industry Awards
More than 50 impressive nominees have been selected as finalists for the 2017 Australian Insurance Industry Awards, organised by the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) and founding partner, Asia Insurance Review.

Source : AIR | 01 Aug 2017
Thailand: Online car insurance broking startup targets US$3 bln premiums in 1st year
Carpool Insurance Broker, a Thai InsurTech firm, is aiming for THB100 million (US$3 million) of premiums during its first year of operations.

Source : AIR | 01 Aug 2017
100% FDI in insurance intermediaries - wait and watch
India is initiating moves to attract more foreign direct investment. How will it unfold? We will have to wait and see.

Source : AIR | 01 Aug 2019
Singapore: Sterling Knight joins large employee-owned insurance group
Howden, the retail broking arm of Hyperion Insurance Group, has completed the acquisition of Sterling Knight, a leading specialist broker which is headquartered in Singapore.

Source : AIR | 01 Sep 2017
Re-imagining risk
Emerging threats such as cyber, climate change, health and urbanisation, are challenging businesses and insurers. Mr Peter Cheesman of Aon Benfield Australia discusses the changing risk landscape from an insurance perspective.

Source : AIR | 01 Sep 2017

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