Fear of outliving your savings
SIRC Connect
Revolutionising reinsurance
Resilient buildings, retrofitting and reinsurance
General
The pros and cons of bancassurance partnerships
Evolving with the risks
Moderate claims expected from Taiwan earthquake
How insurance helps India face the heat of the El Nino
Life & health
Bancassurance's dwindling popularity in Vietnam
Charting a new path for healthcare
Australia
Thought leadership and teaching soft skills in insurance
Life insurers focus on being customer friendly
Australians facing a tough winter
Renewable energy in Australia: A most promising sector with unique insurance challenges
Reinsurers upbeat with improved profitability
Australian regulatory bodies face unrelenting change
Tech enables insurer profitability amid higher claims
Actuarial skills expected to evolve amid AI and automation
Lifetime of an actuarial model
Actuaries can use AI and probabilistic thinking to assess climate risk
Growing the actuarial profession and retaining talent
Building a talent pipeline for actuaries in Asia
View fron India: India's insurance regulatory framework overhauled
Reality bites leading Chinese insurer
Ageing and decreasing population brings opportunities for insurers
Insurer shows how AI makes a difference
AI means growth for underwriters
M&A in broking an opportunity for new entrants
The evolution of the modern broker
Opportunities abound for Malaysian takaful
Phishing and ransomware remain top concerns in cyber security
Five factors impacting the chief risk officer role
Gaps in addressing geriatric risks
Asian
China: Cost of insuring Xiaomi's first EV unveiled
Japan: Two major non-life insurers issue CAT bonds
Taiwan: 3 April 'quake insurance claims unlikely to exceed losses chalked up in 2016
Thailand: Policyholder protection fund running out of money
Risk
Asia struggles to contain record e-waste
AI improves global flood forecasting and extends alert time
Majority of recent CO2 emissions linked to 57 producers
Huge spike in insured losses expected
MSIG enhances coverage for overseas study insurance
Fin-Medtech company iAPPS Health Group and Singlife launch iSure
OneDegree launches cyber insurance for companies beyond Web3
Zurich Singapore and travel platform Klook launch FlyEasy
Chubb and Atome form regional partnership to create more insurance products
People on the move
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.