Magazine Table of Contents
Companies cannot rely on organic growth alone, which is why programmatic M&A has been an element of every resilient company’s growth. This is according to McKinsey’s latest report on insurance growth strategy in Asia.
Office of Insurance Commission, Thailand secretary-general and insurance commissioner Suthiphon Thaveechaiyagarn offered some insightful remarks for insurers during the opening keynote session of this year’s FT Asia Insurance Summit held virtually on 12 November.
On 19 September this year, the China Banking and Insurance Regulatory Commission (CBIRC) introduced a comprehensive motor insurance reform to address a number of pressing issues plaguing the industry such as high pricing, high handling fees, over-extensive operations, unruly competition and data distortion.
The Indian life insurance segment has reported a 14% y-o-y growth in individual APE in October 2020 compared to 4% y-o-y in September 2020 and 6-40% y-o-y decline over April -August 2020.
The majority of cyber insurance claims are the result of employee mistakes and technical problems, although external cyber attacks are responsible for the more expensive cyber losses. This is according to a new report by Allianz Global Corporate & Specialty (AGCS), which analysed more than 1,700 cyber claims worth $770m from 2015 to 2020.