When the stopgap becomes the strategy
Singapore
The APAC insurance market according to Verisk: a diverse region on the move
Building on government initiatives to advance sustainable healthcare
Compounding factors shift insurer focus to healthspan
Navigating claims profitably, and climate risk sustainably
Regulatory reforms shape MDW insurance
HDI Global bets on specialist depth as Singapore's role as a regional risk hub evolves
Robust economic indicators driving insurance industry growth in 2026
From capacity to capability: The value of strategic retakaful and reinsurance partnerships
Indian insurance is now looking beyond growth to resilience
Structured reinsurance offers a way through a softer market
The state of retakaful and the road ahead
Asia's wealth will continue to drive demand for HNW solutions
Combining speed and discipline
India emerges as APAC L&H reinsurance hotspot
APAC reinsurers face further pricing pressure in 2027
Reinsurer eyes APAC expansion anchored in strategic partnerships
The first Lloyd's syndicate dedicated to the Indian market
India offers huge opportunities for foreign reinsurers
Indian cedants today have an array of options for their reinsurance needs
Dynamic lapse risk in Japan: Managing policyholder behaviour and balance sheet risk
General
Keeping Asia insurable as catastrophe risks mount
Insuring Asia's infrastructure boom
In the new age of data assets, flexibility is king
Sustainability and climate resilience must be embedded into modern business strategy
Australia: Cyber-attacks continue to evolve; can the insurers keep pace?
Changing nature of risks rewrites claims settlement process
MGAs help close Asia-Pacific's specialty insurance gap
Malaysia motor insurers face claims inflation as EV adoption accelerates
Data centre expansion is creating concentrated risks
EAIC 2026: Asia's insurers move from diagnosing the gap to delivering cover
Tokyo's flood defence: a city engineered to stay dry
Life & health
Successfully navigating the redefined modern Asian legacy
Financial institutions urged to strengthen oversight of premium-financed life policies
When vehicles start talking, insurance must listen
Brokers are concerned about regulator's proposed reforms on commissions
China's Insurance regulator and three major rebuilding exercises in twenty-five years
AI transformation drives human revolution
Sometimes, the most consequential risk is the connection between risks
Asian
Australia: Stronger homes are required for better resilience as climate change aggravates
Malaysia: Life insurers welcome government's plan to subsidise the first-year health insurance premium for eligible employees at SMEs
New Zealand: Around 10,000 homes could become hard to insure by 2035
Singapore: Health and wealth to drive growth for life insurers
Products and Alliances
People on the move
By Cheng Xin Yap, Tharan Ganesan, and Tananya Santipinyolert
Recent floods in major cities around Southeast Asia and other parts of the world have reopened the conversation on flood coverage in insurance products. This year alone Malaysia, Pakistan, and South Korea have all witnessed the worst floods to hit their shores in decades. As it stands, it is estimated that only 18% of all economic losses from floods in the past decade were insured.
A specially curated webinar led by Milliman US-based data analytics specialists
Well-managed actuarial outsourcing offers a viable solution to meet the increasing demand for actuarial resources
By Subhash Khanna and Shamit Gupta
No insurance product has been as adversely affected by the COVID-19 pandemic as travel insurance. Travel and social restrictions both within and without countries were introduced and are still in force in an effort to curb the spread of the virus. With the lack of travel came a precipitous drop in travel insurance premium volumes. However, global vaccination rollouts have provided a glimmer of hope for worldwide travel, sparking a conversation on the evolution of travel insurance in a post-pandemic world. In this brief article Milliman consultants explore how ASEAN countries have been gradually opening up their borders, along with the progress shown by insurers in the region to adapt to the evolving situation and its repercussions for the travel insurance products of tomorrow.
Over the past two decades our lives have been transformed by the information-rich Internet. At the hearts of digital giants like Google, Facebook, Amazon, Airbnb and Netflix we often find some ranking and filtering algorithms that use customer attributes to improve and customize predictions.
By Lalit Baveja, Principal and Senior Healthcare Management Consultant, Milliman
Last year, Milliman developed a Hong Kong fulfillment ratio index to understand the gap between illustrated non-guaranteed benefits at point of sale and actual non-guaranteed benefits declared by life insurance companies in Hong Kong.
Milliman’s annual study on reported year-end 2019 embedded value (EV) and value of new business (VNB) results for 53 major multinational and domestic life insurers across Asia was released in August 2020.
Medical inflation is a key driver of health insurance costs which in turn lead to premium increases. Health insurance companies are continuously looking for ways to manage medical inflation better to keep premiums competitive for customers and to mitigate lapses.
The first edition of Milliman’s Life insurance capital regimes in Asia: Comparative analysis and implications report was published in July 2019. Well received by the market, as the first of its kind, the report has been referred to and cited several times over the last year. In view of the pace of change in, and increasing focus on, regulatory (and economic) capital across the region, Milliman has compiled an updated report a year later.
In Indonesia, insurance compliant with Syariah principles can be sold through either a Syariah business unit or “window” of a conventional insurance company or, less commonly, through a standalone Syariah insurance company. Insurance Law 40, enacted in 2014, mandates insurance companies to separate their Syariah windows from their conventional business into a separate entity, to “spin-off,” when:
Insurers and reinsurers have been outsourcing actuarial work to captive units or third-party service providers for several years. Recently the industry has witnessed renewed interest in actuarial outsourcing, with an increasing number of companies either setting up new outsourcing units or expanding their existing ones. This trend is especially true for life insurance companies, especially in light of increasing regulatory and reporting requirements, including International Financial Reporting Standard (IFRS) 17, long-duration contracts targeted improvements (LDTI), and new risk-based capital regimes in Asia