War: What is it good for?
Reinsurance reset at 19th SIRC 2023
Good morning, Vietnam
Holistic approach to climate resilience required
COVID-19 a boon for motor insurers
Cross-border opportunities in the Greater Bay Area
How technology is impacting the motor insurance sector
How motor insurers are setting themselves apart
High quality data required to combat motor fraud
View from India - Why India has not adopted usage-based motor insurance
Insurers need to do more on climate change
Staying ahead of the AI challenge
Life & health
Financial education is essential for emerging markets
Asia needs more data integration to improve healthcare
ESG and AI: The tipping points for health insurance in Asia?
Regulator aims to consolidate status as risk and insurance hub
Great opportunities in the Greater Bay Area
Regulatory support required for non-life players in Hong Kong
Emerging Asia fuels reinsurance industry
Motor insurance reforms are on track
What's hindering health insurance development in China?
Takaful in Australia
How technology is transforming claims
Boardrooms must address climate change threat
Australia: New federal budget provides for climate change and disaster response measures
China: EV maker takes over online insurer
Thailand: OIC adopts digital technology to handle insurance disputes
Australia: SMEs at risk of insurance gaps due to inflation
Insurers are feeling better prepared than in 2021 and 2022
More than three fourth feel prepared yet 50% still fall victim to ransomware attacks
Hong Kong: AIA launches comprehensive medical support for medical tourists
India: Reliance General offers cover for gig workers
Malaysia: MSIG launches mileage-based motor usage plan
Singapore: Etiqa partners Singtel to launch free retrenchment coverage
People on the move
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.