There is still a serious insurance protection gap in Asia for Nat CAT risks, with the perceived high cost of insurance, mistrust of the industry, cultural challenges and data paucity being cited as the key reasons. To...
Hong Kong's life business accounting for 85% of total insurance premium pie, grew by almost 20% in new business to US$93 billion driven by strong demand for a range of protection, long-term savings and retirement solutions amidst rising affluence and a rapidly ageing population, and healthcare reforms.
The non-life business grew 7.1% last year to US$5.4 billion while competition remains keener than ever with the aggressive rush for market share. Prospects look weak as the twin growth drivers of yore - employee compensation and accident & health - remain in the midst of a soft cycle.
And with the move towards an independent insurance supervisor, all eyes are on regulations.
Cyber risk is a growing threat that is weighing heavily on companies and boardrooms across the globe, including firms in Asia. Two brokers share their expertise with an overview of the impact of cyber threats on businesses, the laws enacted to cope with these threats and the development of cyber insurance to help mitigate the risks.
Theme: ''Winning Strategies in Insurance M&A Deals''
Theme: ''Measuring the Risk Pulse of the CAT Market''
Theme: ''Getting Ahead of the Queue''
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