Magazine Table of Contents
"An integrated ASEAN economic community (AEC) will happen for sure. And 2015 should be seen as a milestone towards the journey of creating this AEC certainty rather than as a strict deadline," say many in the insurance industry. The impact of financial integration in the region will be significant, spurring demand for insurance with abundant opportunities. So the wheels are turning and stakeholders are working hard to get a slice of the pie.
An integrated ASEAN will happen for sure, says Ms Evelina F Pietruschka, Secretary General of ASEAN Insurance Council (AIC). There is no time to lose and the AIC is committed to do whatever it takes to help the industry prepare for ASEAN Economic Community 2015.
By Benjamin Ang
Southeast Asian states have targeted 2015 to create a more integrated economic region, and the effect on the insurance industry is potentially wide-ranging in the long run - from regulations, distribution, products, talent to operating cost base, amongst others. We lay out the future scenario of what the ASEAN Economic Community would mean for the insurance sector, and questions CEOs have to answer as they move ahead in a market aiming for greater cohesion.
By Ridwan Abbas
Since the early summer of 2013, a number of emerging countries have experienced substantial capital outflows, causing their currencies to fall and hitting their equity and bond markets. Although the situation is now calmer in most countries, the economic forecasts for many have been revised downwards. Dr Michael Menhart of Munich Re examines whether this indicates that the emerging-markets boom is coming to an end, and if there is a real risk of a new emerging-markets crisis.
More than 200 representatives made their way to Vietnam where a series of events, including the 39th ASEAN Insurance Council Meeting and the 16th ASEAN Insurance Regulators' Meeting were held late last year. As a Permanent Observer of the ASEAN Insurance Council (AIC), we bring you highlights of the discussions and the hive of activity that went on in the city of Da Nang.
By Benjamin Ang