From Editor-in-chief
Letter from Labuan - Asia Pacific’s emerging insurance and reinsurance centre
Marketing Focus - Data-driven insurance marketing is a journey, not a destination
News - Asia: ING’s SEA insurance units’ sale may face regulatory obstacles
News - Australia: Industry’s first probabilistic bushfire model launched
News - China: July floods saw US$8.3 bln economic losses
News - China: AXA launches ICBC-AXA Life
News - China: Allianz Worldwide Care launches international health insurance plans for China
News - Hong Kong: Prudential Hong Kong receives two awards from local media
News - India: Insured losses from blackout expected to be minimal
News - Indonesia: Howden completes acquisition of Indonesian broker
News - Japan: Japanese non-life groups vulnerable to CAT and stock losses – Fitch
News - South Korea: Non-life profits shrink for second year
News - Myanmar: Big opportunities for foreign investors
News - Philippines: Devastating floods could drive premium rates up
News - Singapore: Protection gap shrinks
News - Taiwan: Both insurance and banking drive growth in FHCs
News - Vietnam: HSBC reviewing its stake in Bao Viet
Global News - Geneva Association responds on systemic risk methodology
Global News - IAIS notes traditional reinsurance unlikely to cause systemic risk
Diary of Events
People on the Move
Geneva Association new CEO: Setting the priorities
50 years of Swiss Life Network - Sustainability in providing employee benefit solutions globally
Plentiful capacity? Too much talk without the walk
Coping with the Eurozone’s crisis of confidence
The "Act locally, think globally" mantra works
CAT model as a "crystal box";
Going for Gold - Keep calm and carry on
Non-Life - The motor race has just begun
Life – Think specialisation: Serve everybody, serve nobody
China floods and insurance solutions
Recent liberalisation of China’s insurance asset management sector
Indonesia Rendezvous Focus - New regulator expected to give insurance more priority
Indonesia Rendezvous Focus - Non-life – Promising growth prospects
Reinsurance in Asia : Never-ending story of risks
Reinsurance in Asia: Second half begins with a flood of Nat CATs
Earthquake Insurance Pools in Asia - Protection in times of extreme stress
CAT Models Focus - Knowledge remains at the forefront of best modelling practice
The Geneva Association: Climate Liability Risk: Will it be the next chapter in the global “blame game”?
Did the earth move?
Insurance Risk and Finance Research Centre - Longevity risk - Can we manage it?
Cyber Wars – The law strikes back
Bobbing on the buoyant tide in Asia
A short-sighted view – Looking only at price tags
2012 Australian Insurance Industry Awards winners - The stars from down under: The best of the best
India's power outage, a wake-up call for insurers
IT in Insurance - Happy anniversary!
We explore the three areas of risks identified in Asia by experts and regulators: CAT, longevity and macroeconomic risks. For CAT risks, their frequency and unpredictability certainly did not let up, as the second half opens with disastrous flooding in China and the Philippines. For longevity risks, there is a need for individuals and the private sector to help. As for the third risk, the rising interconnectivity of economic activities calls for a sound and integrated enterprise risk management.
Buy Now
While there was no attention and headline-grabbing Nat CAT event in the region for the first half of 2012, the second half began with a string of floods and huge losses. Asia Insurance Review brings you a roundup of the key Nat CAT events in the region. By Benjamin Ang