Magazine Table of Contents
Life & health
The potential of the Indian insurance market is virtually endless. As the industry completes two decades in the liberalised regime, how will the Indian life insurance industry shape up in the years ahead?
Asia’s ageing population is not only growing, but it is doing so at an unprecedented speed. Asia will see a 19% rise in population by 2050, and a staggering 148% growth in its elderly population at the same time.
The financial risk of facing the costs associated with future needs for long-term care is still largely underinsured. The London School of Economics’ Mr Joan Costa-Font, the Geneva School of Business Administration’s Mr Christophe Courbage and the Department of Actuarial Science of the University of Lausanne’s Mr Joel Wagner explore this pressing issue.
The Indian market is currently dominated by variants of the Mediclaim product which was designed and offered by the four public sector insurers before privatisation. A standard health product would benefit various stakeholders.
The Myanmar insurance market is all set to begin a new chapter with the government granting approval to five international life players to operate in the market.
The widening healthcare protection gap is a real risk for Asian countries, and one which needs to be addressed immediately to ensure economic and social stability.
Asia Insurance Review spoke to Willis Towers Watson’s Rowan Douglas about fostering greater resilience among communities that are vulnerable to disaster.
Digitalisation is causing the marine industry and shipping networks to grow more intelligent every day. There is a lot more to be done, says General Insurance Association of Singapore’s Simon Stonehouse.
Essentially a device with sensors that collects useful data and then translates that into relevant information for the user, telematics has been a staple in the motor industry for a few years now.
The motor industry is getting turbocharged by technology and in Asia’s fast-growing markets, insurance has had to shift gears to keep pace.