Earthquake highlights the gaps in Asia
Australia
Mid-year reinsurance renewals in Australia expected to remain stable
Rising health insurance claims can assist in long-term sustainability
SMEs risk being left behind in countering cyber crime
Australian insurers face Nat CAT conundrum
Ageing societies need accessible, available and affordable coverage
Surging critical illnesses among the young in China sets off alarm bells
More ASEAN countries impose co-payment as a panacea for rising healthcare costs
Smarter, faster: AI in medical insurance fraud detection
Embedded health: A strategic shift for insurers and a step forward for consumers
Public-private partnerships drive healthcare progress in SEA
Secondary perils among risks that require prioritisation
Tackling basis risk in parametric insurance
Insurance industry's role in health product recall risks
Executive security fears rise as UnitedHealth murder casts shadow across Asia
Understanding the complexity of interconnected risks
Positioning insurance as an aspirational industry for the best talent
Capital Challenges and Strategic Responses: Navigating Indonesia's Rising Minimum Capital Requirements
General
Earthquake preparedness in Asia post Mw-7.7 Myanmar tremblor
View from India: Upswing in M&A activity in insurance and broking markets to continue
Insurers eye mitigation efforts in wake of announced US tariff rates
Basic health insurance scheme - progress and challenges
Hype is over for insurance intermediaries
Expectations for sustainability disclosures for life insurers
View from India: Opportunities to develop specialised insurance solutions at GIFT-IFSC
Asian
Australia: Insurers warn govt's home guarantee plan jeopardises stability of the financial system
China: Regulator raises cap on equity investments by insurance funds
India: Licence granted to first privately held reinsurance company
Indonesia: Calls for efforts to expand domestic capacity amid fall in value of the rupiah
Nepal: Government commission suggests new proposals to improve insurance penetration
Philippines: Insurance watchdog issues umbrella investment guidelines
South Korea: FSC proposes to ease restrictions on financial holding companies
Products and alliances
People on the move
REINSURANCE
INSURANCE - General
In the aftermath of the devastating earthquake in Myanmar in March this year, there are several mitigation and preparedness efforts being implemented by various countries. Many factors influence these initiatives, including innovative modelling...
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MARKET PROFILE - Australia
Although 2024 was a benign Nat CAT year, the heavy losses the market carried in the five preceding years means that continued underwriting discipline is expected at the upcoming mid-year reinsurance renewals.
Indonesia’s insurance industry is transforming with phased higher Minimum Capital Requirements (MCR). These thresholds, among the region’s highest, reflect the Financial Services Authority’s (OJK) plan to enhance financial...
The 7.7 magnitude earthquake that hit Thailand and Myanmar in late March has left more than geological aftershocks.
Rising health insurance claims and usage are probably assisting the long-term sustainability of the sector. This could be attributed to policyholders not claiming on home insurance and avoiding motor accidents but making claims on health coverage.
Small and medium sized enterprises (SMEs) lag in efforts to counter cyber risk. There are a variety of factors responsible for the widening cyber protection gap among SMEs in Australia. Recognising the gap, newcomers to the market are targeting the...
Demand for savings products is on the rise, which will help address the retirement needs of ageing populations in APAC. But to ensure adequate coverage for consumers, insurers must ensure products are accessible and affordable.
The rising number of young Chinese contracting critical illnesses is an alarming problem. These illnesses, besides being a grim issue for society as a whole, pose a challenge to the country’s insurers as well. Innovative strategies, however,...
The healthcare insurance system of Southeast Asian countries is under pressure. The countries navigate their way to finding solutions to curb costs, including co-payment of medical bills to contain medical inflation and premium hikes.
The risks to prioritise and manage over the coming five years begins with risks associated with cleaner energy, such as safety and sustainability of nuclear reactors, and secondary perils like wildfire, flood and drought.
Parametric triggers face the challenges of basis risk, data reliability, regulatory factors and climate change impacts, highlighting how insurers refine statistical models to improve accuracy and determine its effectiveness and alignments with...
Product recalls, especially of health and pharmaceutical products, can be tricky events that involve reputational risk and high costs. Health and pharmaceutical companies can minimise their risks.
The Indian insurance industry is experiencing a flurry of M&A activity. This is driven by factors such as the impending lifting of the foreign direct investment limit, regulatory changes, growing emphasis by the regulator on insurers going...
Uncertainty slams Asia following the Trump administration’s announced reciprocal tariffs on imports into the US. The impact of these tariffs will fall heavily on Asia, where most countries have a trade surplus with the US. Many of them face...
China has made significant progress in providing basic health insurance cover for its population. While over 95% of the Chinese population are covered under this scheme, its current goal is to achieve 100% coverage by 2030. Despite significant...
The insurance intermediary industry is undergoing a transformation, shifting from rapid growth to a fight for survival. With shrinking commission fees, declining licence values, and the accelerating reshuffling of agency personnel, the industry...
With the new disclosure standards for accounting and sustainability introduced in Japan, life insurers must adapt their investment strategies and the importance of integrated reporting cannot be under-stated.
GIFT International Financial Services Centre (GIFT-IFSC) continues to become a major player in India financial ecosystem. Recently, it has begun to provide services and solutions for more specialised insurance needs.
The Australian government’s plans to guarantee all low-deposit home loans for first-time home buyers would effectively nationalise a long-standing and effective financial product and may increase systemic financial risk, the Insurance Council...
China’s financial regulator announced on 8 April that it was raising the cap on equity investments by insurance funds, as part of measures to adjust regulations on insurance fund utilisation to enhance the insurance sector’s role as a...
The IRDAI has approved a licence for Valueattics Reinsurance to promote competition in the reinsurance market.