...The Australian Securities and Investments Commission (ASIC) has warned the public to stay away from pushy sales tactics that recommend quick superannuation switches....
Source : AIRPlus | 03 Jul 2025...As the adoption of artificial intelligence (AI) systems accelerates globally, the International Association of Insurance Supervisors (IAIS) released on 2 July the final version of an application paper on supervision in this field to support the insurance industry. The association says in the paper that no new standards are proposed at this stage....
Source : AIRPlus | 03 Jul 2025...The latest industry loss estimate for tropical cyclone Alfred, which affected the states of Queensland and New South Wales in Australia is A$2.25bn ($1.46bn), per independent industry CAT insurance data provider PERILS....
Source : AIRPlus | 03 Jul 2025...Australia is ranked among the world's top eight wine-producing countries, and contributes more than A$45bn ($29.4bn) annually to the national economy....
Source : AIRPlus | 02 Jul 2025...Despite retirement aspirations that included living with enjoyment, meaning and financial independence, which were revealed to be more valued than extending lifespans, the "Manulife Asia Care Survey 2025" showed gaps between the goals and financial abilities of respondents....
Source : AIRPlus | 02 Jul 2025...One pressing reality that continues to affect all of us is medical inflation....
Source : AIRPlus | 01 Jul 2025...Businesses should take a holistic approach by addressing people, processes and technology within their organisations, to mitigate effectively cyber risk in Singapore's evolving threat landscape, according to MSIG Singapore senior vice president (technical services) Jeremy Lian....
Source : AIRPlus | 29 Jun 2025...Neighbourhood connections may be the answer to combatting residential petty crime, a new survey commissioned by AMI Insurance found....
Source : AIRPlus | 29 Jun 2025...The Singapore cyber insurance market has seen some sharp shifts over the past year, said MSIG Singapore senior vice president (technical services) Jeremy Lian....
Source : AIRPlus | 29 Jun 2025...Australia is seeing an emerging dual crisis of growing housing inequity. Rising prices relative to wages in metropolitan areas are creating intergenerational inequity, while the risk of climate-driven price declines in high-risk regions could drive geographic inequity....
Source : AIRPlus | 25 Jun 2025...Many small- and medium-sized enterprises (SMEs) shield themselves through a false sense of security from the reality of cyber risk, Etiqa Insurance Singapore CEO Raymond Ong has said....
Source : AIRPlus | 25 Jun 2025...Mitigating cyber risk requires a mindset shift from viewing cyber security as an IT issue to seeing it as a critical business priority, according to Etiqa Insurance Singapore CEO Raymond Ong....
Source : AIRPlus | 25 Jun 2025...Investors are encouraged to evaluate their portfolio exposure to deforestation and linked human rights abuses, phase out deforestation and forest conversion risks by 2030, actively engage with companies, asset managers, and policymakers, and disclose their actions, risks, and progress using measurable data....
Source : AIRPlus | 25 Jun 2025...Most people who work in insurance do so because they care about people, according to QBE Asia CEO Rob Kosova....
Source : AIRPlus | 25 Jun 2025...As populations across Asia continue to age rapidly-particularly in markets like Hong Kong, Singapore, Japan, Korea and even in mainland China-the insurance industry finds itself at a critical juncture. A recent roundtable hosted by Verisk gathered industry experts to examine the multifaceted impacts of ageing and rising chronic illnesses on healthcare and insurance, and how these challenges could reshape the sector in the next decade....
Source : AIRPlus | 24 Jun 2025...Part of the strategy refresh in QBE Asia has included a renewed emphasis on wholesale markets and a change in the company's leadership in Vietnam, QBE Asia CEO Rob Kosova said....
Source : AIRPlus | 20 Jun 2025...People and culture are part of QBE Asia's strategic priorities, the company's CEO Rob Kosova said, outlining how it plans to continue to attract and retain top talent....
Source : AIRPlus | 20 Jun 2025...Inflation has a multifaceted impact on insurers and consumers, QBE Asia CEO Rob Kosova said in an exclusive interview....
Source : AIRPlus | 18 Jun 2025...Escalating climate shocks are deepening an insurance crisis that threatens both social resilience and financial stability-shifting unaffordable risks onto people while exposing the limits of an insurance system under intensifying strain according to the 'Insure Our Future' campaign....
Source : AIRPlus | 16 Jun 2025...Credit insurer Coface's 1Q2025 Asia payment survey reveals that businesses across Asia, facing economic uncertainty, are bracing for longer customer payment cycles....
Source : AIRPlus | 16 Jun 2025...The Indian government may not go ahead with its proposal to allow insurance agents to tie up with more than one insurer in each of the three categories-life, general and standalone health....
Source : AIRPlus | 16 Jun 2025...New research-based evidence has emerged that shows that China's urban-rural health insurance integration has had a positive impact on the mental well-being of rural seniors in the country....
Source : AIRPlus | 16 Jun 2025...As economic volatility rises and margins come under pressure across APAC, life insurers are reassessing their operating models.
Boardroom discussions are shifting from digital transformation ambitions to a focus on disciplined execution....
Source : AIRPlus | 11 Jun 2025...Vietnam has affirmed the private sector as the most crucial engine of the national economy, opening up opportunities for the insurance market among several industry sectors....
Source : AIRPlus | 11 Jun 2025...There has been a notable shift in the landscape of supply chain risks, according to a 2025 survey conducted by WTW. As businesses faced increasing cyber security threats, material shortages and geopolitical tensions, concerns such as regulatory compliance and talent shortages have taken a backseat....
Source : AIRPlus | 10 Jun 2025...Jumps in hedging costs, sharp currency rate fluctuations, and new regulatory proposals regarding FX risk management are developments that need monitoring, according to a report released by CreditSights, a credit research unit of the Fitch Group....
Source : AIRPlus | 10 Jun 2025...Organisational approaches to supply chain risks and insurance experienced bouts of "consistency and notable shifts" between 2023 and 2025, said WTW's "Global supply chain risk report: Navigating supply chain risks and insurability", released recently....
Source : AIRPlus | 10 Jun 2025...India's insurance industry is experiencing a talent evolution with skill priorities that differentiate it from global markets. Insurance professionals in India lay a great store on leadership, according to a report released by the International Insurance Society (IIS)....
Source : AIRPlus | 05 Jun 2025...How insurers can grow their health insurance business through virtual health services was one key question discussed at the InsurTech Connect Asia 2025 conference, which opened on 3 June. This is after taking into consideration rejections, exclusions, loadings and deductibles....
Source : AIRPlus | 05 Jun 2025...The room for improvement in health insurance in the travel space is huge, according to Air Doctor founder and chief revenue officer Efrat Sagi-Ofir....
Source : AIRPlus | 05 Jun 2025...The Sri Lankan insurance sector, which has traditionally been a fragmented market, is shifting towards consolidation, Softlogic Life managing director Iftikar Ahamed said. This observation comes with Softlogic Life's pending acquisition of Allianz Life....
Source : AIRPlus | 04 Jun 2025...Shanghai-headquartered XChange TEC, which recently acquired an insurance brokerage, has submitted an appeal to stave off delisting from Nasdaq....
Source : AIRPlus | 04 Jun 2025...Rising healthcare costs and unmet personalisation needs are fuelling demand for more tailored and accessible employee benefits, according to the "2025 Health on Demand" report released by Mercer Marsh Benefits. The findings of the report also highlighted significant differences in expectations based on generation and gender....
Source : AIRPlus | 04 Jun 2025...In APAC, there are 40% more cyber attacks on businesses per week than the global average, making the region a very target-rich environment and one that attracts a lot of cyber criminals, Pan-Asia Risk and Insurance Management Association director Steve Tunstall said....
Source : AIRPlus | 04 Jun 2025...The question of how insurance policies may be impacted amidst the current trade war, tariffs and the effect on supply chains was one hot topic at the InsurTech Connect Asia 2025 conference which opened on 3 June....
Source : AIRPlus | 04 Jun 2025...Insurers seek transparency in ESG practices in their investment operations, with some desiring assessments of their efforts to reach their net zero targets, as well as overall views of portfolios and how well aligned they are with Sustainable Development Goals (SDGs), according to Aberdeen global head of fixed income insurance solutions Daniel McKernan....
Source : AIRPlus | 02 Jun 2025...Geopolitical tensions are playing out in new and novel ways for the shipping industry, which is already juggling the energy transition and the legacy of the COVID-19 pandemic, says Allianz Commercial senior marine risk consultant, Captain Nitin Chopra....
Source : AIRPlus | 02 Jun 2025...India has around 267m tobacco users, making it the second-largest tobacco consumer market globally, according to the World Health Organization's Global Tobacco Epidemic Report 2023....
Source : AIRPlus | 31 May 2025...Prudential Thailand's shift towards high-margin, needs-based products that are less sensitive to interest rates, has helped the company to protect profitability while growing market relevance, according to Prudential Thailand CEO Bundit Jiamanukoonkit....
Source : AIRPlus | 31 May 2025...The Philippine non-life insurance sector performed well in the first quarter of 2025, marking a recovery from the downturn experienced in 2024, said the Insurance Commission (IC) in a statement....
Source : AIRPlus | 27 May 2025...The Insurance Brokers' Association of India (IBAI) faces several challenges in helping its members remain relevant and profitable in the evolving scenario of the insurance industry in the country, according to its president, Mr Narendra Bharindwal....
Source : AIRPlus | 27 May 2025...The Philippine life insurance sector's total net income rose by 12.22% to PHP10.83bn ($195.72m) in the first three months of this year from PHP9.65bn in the first quarter of 2024, according to data released by the Insurance Commission (IC)....
Source : AIRPlus | 27 May 2025...The energy insurance segment in Asia continues to experience a soft market cycle which has created a favourable environment for clients in 1Q2025, according to a report by Willis....
Source : AIRPlus | 27 May 2025...Mutual benefit associations (MBAs) have posted a combined net surplus of PHP1.59bn ($28.67m) in 1Q2025, dropping by 25.21% from PHP2.12bn in 1Q2024, according to statistics released by the Insurance Commission (IC)....
Source : AIRPlus | 27 May 2025...Insurance brokers in India find themselves having to navigate a rapidly transforming landscape. Increased competition is coming not only from within the broking community but also from new-age digital intermediaries, InsurTech players, and embedded insurance platforms, according to Mr Narendra Bharindwal, who was appointed as the president of the Insurance Brokers' Association of India (IBAI) in April 2025....
Source : AIRPlus | 27 May 2025...Total gross premiums generated in the insurance industry in Cambodia grew by 6% to $102.3m in 1Q2025, compared to $96.6m in the corresponding quarter in 2024, according to statistics released by the Insurance Regulator of Cambodia (IRC)....
Source : AIRPlus | 27 May 2025...The total net income of the Philippine insurance industry grew to PHP15.30bn (276.6m) for the first three months of this year, 7.1% higher than the PHP14.29bn chalked up for 1Q2024, according to a statement released by the Insurance Commission....
Source : AIRPlus | 23 May 2025...Ageing societies are commanding the attention of chief risk officers (CROs) in the Asia-Pacific, according to EY Asia-Pacific Consulting insurance sector leader, Mr Chng Tze Ping,...
Source : AIRPlus | 23 May 2025...The risk landscape for APAC insurance chief risk officers (CROs) has never been so complex, with the geopolitical and regulatory environments and new technology posing new challenges to compared with what CROs may have faced before, EY Asia-Pacific Consulting insurance sector leader, Mr Chng Tze Ping, said....
Source : AIRPlus | 23 May 2025...State-owned Reasuransi Indonesia Utama (Indonesia Re), the largest reinsurer in Indonesia, has highlighted the importance of strengthening the fundamentals of the domestic insurance industry to address the balance of payments deficit in the sector....
Source : AIRPlus | 21 May 2025