When capacity meets caution
Japan
Combining human expertise with advanced technology is the best solution for life insurers
Pursuing a prudent policy of prioritising earnings stability over the pursuit of growth
Removing financial complexity from decisions linked to longer lives
Initiatives for extending healthy life expectancy and promoting regional revitalisation
Rethinking fundamental L&H principles
Japan's life association fosters environment conducive for ageing society
Changing risk environment is creating new opportunities for brokers
Overlapping risks pose growing challenge for Japanese corporates
Becoming a front-runner in insurance inclusion
Financing growth, absorbing risk: The role of reinsurance in Malaysia's economic development
Agriculture reinsurance in China: climate, resilience and the next phase of growth
Nat CAT's changing risk environment show coverage must keep evolving
Market prices are not a reflection of reality
Capacity is ample, but underwriting is disciplined
Renewals to be relationship-driven and solution-led
India's reinsurance market has wind in its sails for the long haul
A market at an inflection point
Supporting local market growth amidst global uncertainty
Domestic infrastructure projects drive reinsurance demand
Transparency and risk guide marine insurability
Asia's marine insurance market set for structural shift
Asia steers the future of marine insurance amid rising global risks
Is people-focused protection the future of marine insurance?
Southeast Asia's supply chain reshuffle brings marine risk engineering to the forefront
View from India: The next port of call for India's maritime industry is a P&I Club
The claims risk beneath Gulf-delayed vessels
Life & health
Malaysia: Challenges aplenty but life insurers remain resilient and committed
Navigating unique cruise travel risks
General
Why insurers must build the right foundations for AI
Reimagining the assessment and insurance of cyber-triggered physical damage risks
Indian market needs to focus on underwriting discipline
China's insurers are quietly becoming a part of the critical infrastructure
Both culture and technology can drive success in the (re)insurance industry
Brokers confront the protection gap
Lloyd's in Asia: Expanding footprint through its strong legacy in the region
Asian
Australia: Silvers are not happy with the cut in rebates on private health insurance
Hong Kong insurance premiums surge 32% to US$37.4bn in first quarter of 2026
South Korea: Life insurers face declining sales
Thailand: Ageing population boosts life insurance demand
Products and Alliances
People on the move
We recently sat down with Guy Carpenter’s Head of Retro, Global Specialities, Asia Pacific, Ben Dunnett. We had a frank discussion about the current state of the retrocession market and what it might look like in the coming years.
Asia Insurance Review sat down with Guy Carpenter CEO, Asia Pacific, Tony Gallagher, to get his thoughts on the market dynamics in the APAC region, the most pressing risks facing the industry, the April renewals, and the impact of evolving regulations.
Three severe hail events in the past 3 years have shined a spotlight on this risk in Japan. Historically overshadowed by typhoons and earthquakes, hailstorms can generate insured losses of billions of dollars. Insurers are now seeking ways to lower hail risks in Japan through the development of high-resolution hail mapping technology and mitigation measures to safeguard portfolios against future hail events.
We talk to Tony Gallagher CEO, Asia Pacific region for Guy Carpenter about the 1/1 renewals and what to expect at the April renewals, emerging risk in 2024 and which business lines have the most scope in the year ahead.
The global nature of the reinsurance industry has enabled the diversification of risk away from concentration in specific regions to the larger global market.
However, record catastrophe losses, inflation stemming from increased interest rates, geopolitical tensions and heightened climate risk are putting operating pressures on insurers and reinsurers. The increasing frequency of higher- magnitude natural disasters against the backdrop of a bearish market with rising interest rates sets up a perfect storm for reinsurers to harden their pricing to reflect a more prudent risk appetite.
In the next video of the series, we talk to Guy Carpenter Head of Structured Solutions, Asia Pacific Hussain Ahmad, and Partner with OIiver Wyman Jing Wei Jia about market trends and developments, business planning for insurers, the evolving market and optimising capital.
Macroeconomic Environment The investment environment is currently in turmoil. High inflation in many countries, driven by both supply-side and demand-side factors, has compelled central banks to raise interest rates in response. Interest rate hikes then flow directly into asset valuations. Additionally, recessionary expectations, the banking crisis and geopolitical issues are currently creating havoc in asset markets.
The next video in the series looks head at Guy Carpenter’s plans for the year 2023.
We talk to Guy Carpenter CEO, Asia Pacific Tony Gallagher about the company’s plans for 2023, Asian markets to look out for, as well as potential risks.
The next video in the series looks at the general impact of inflation - and how inflation is panning out in Asia Pacific. We talk to Guy Carpenter vice president, strategic advisory Asia Pacific Philip Doyle about how insurers should respond to inflation right now.
The insurance protection gap is generally defined as the difference between total and insured loss costs. Globally, 2021 total losses from natural disasters were estimated to equal approximately USD 280 billion, of which approximately USD 120 billion, or 43%, were covered by (re)insurance.(1) This gap was smaller than many previous years because a higher proportion of losses occurred in the US, which has one of the most developed insurance markets in the world, with high penetration.
Secondary perils represent a complex and nuanced challenge for the (re) insurance industry. In essence, these natural perils are “known, unknowns.” They are known to pose a risk, but our industry does not always have a full understanding of their potential impacts.
The next video in the series looks at how ESG is playing out in Australia and the opportunities and challenges that this will bring to the insurance industry.
The next video in the series looks at defining secondary perils, insuring against them, the importance of modelling – and the role of reinsurance in closing the protection gap.
The next video in the series looks at global systemic risks, climate risk, net zero planning and risk as it relates to ESG.
We talk to four leading risk-industry professionals - Mercer president of Asia, Middle East and Africa Renee McGowan, Guy Carpenter CEO of Asia Pacific Tony Gallagher, Oliver Wyman partner – head of APR public policy Jacob Hook and Marsh Asia head David Jacob.
The next video in the series looks at the impact of recent cyber events in Asia.
Guy Carpenter managing director, cyber centre of excellence leader Siobhan O'Brien talks to Asia Insurance Review about what insurers can do to mitigate the impact of these cyber events.
The next video in the series looks at the impacts of recent economic and regulatory changes on life and health insurance in Asia Pacific.
The next video in the series looks at the changing nature of risk management.
China Pacific Property Insurance Company chief actuary Chen Sen talks to Asia Insurance Review about why risk management is changing and what part technology plays in this – and how corporates can prepare for the change.
The first video in the series looks at the changing nature of risk.