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Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Nov 2021

News


Asian

Asia: Online P&C personal lines could tip $7.5bn over next five years

The digital P&C personal lines market could reach a cumulative $7.5bn in premiums over the next five years in South and Southeast Asia according to recent research.
 


Australia: Nat CAT forecast to exceed $800bn over the next 40 years

Even under a low emissions scenario - whereby timely action will see emissions start to fall and reach zero by 2100 - the costs of natural disasters will rise to at least A$73bn ($53bn) annually by 2060, or 4% of Australia’s GDP in 2020.
 


China: Shanghai's supplementary health insurance ratio hits 15%

Shanghai’s low-cost inclusive supplementary health insurance scheme, called huhuibao, has seen claims pile up to CNY128m ($20m) in the first two months of its implementation, leading to questions about its sustainability.
 


Japan: Life insurers accelerate moves to non-face-to-face channels

The number of new life insurance policies in Japan has been recovering after falling when the COVID-19 pandemic erupted last year, says the life planning department of Toa Re.
 


Risk

Japan: Life insurers collaborate to support action on climate change

Four Japanese life insurance companies have come together to support climate finance for developing countries. These life insurers have invested in 15-year green bonds issued by the World Bank to support the financing of climate projects in developing nations.
 


Digital transformation and technology are biggest operational risks

Digital transformation and technology rank as the biggest concern for global banks and insurers in the 2021 operational risk scenarios report published by ORX, the world’s largest operational risk association.