Tales from the crypt(o)
A solid foundation to get Kiwis back on their feet
General
Electric vehicles: The new claims frontier
Severity of marine claims on the rise
How AI technology can prevent crowd crush
Medical expenses dominate travel claims in Singapore
Indonesia earthquakes and the insurance response
Life & health
Rising healthcare costs a challenge for insurers
Providing healthcare for an ageing population
Inflation likely to accentuate health insurers' losses
Opportunity for private health insurance in Taiwan
India
Hard market conditions are no deterrent to growth
Indian reinsurance to get a boost
Steady growth ahead for life insurance
Economic rebound bodes well for non-life
Brokers can chart a new path
Surety bonds: A roadmap to break out of limbo
Brokers must consolidate
Ensuring health insurance remains healthy
India's InsurTech moment has arrived
A year of sweeping regulatory reforms
Insurance industry mirrors banking sector reforms
The next incarnation of health insurance
ESG for takaful and insurance in Pakistan
Insurers pull COVID-19 coverage as infections spike
Road ahead could be bumpy for motor insurance
Think Tank
The Geneva Association - Nature and the insurance Industry: Taking action towards a nature-positive economy
Hong Kong's plan to rejuvenate insurance industry
COP27: Inaction and consequences
PIC 2022: Insurance in the metaverse
Five themes for insurers in Asia
ASEAN insurers and regulators continue cooperative efforts
Asian
ASEAN: Insurers incorporate climate-related measures in their operations
Australia: Health funds return $1.4bn profits to meet COVID-19 commitments
Philippines: More foreign players are expected to enter insurance market
Risk
Availability of fresh water in a changing climate
Risks to democratic processes are increasing significantly
Rapidly melting glaciers release unknown bacteria into water ecosystems
Hong Kong: Klook partnership for travel insurance
Singapore: MSIG partners AXA to offer travel insurance to Scoot customers
People on the move
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.