From Editor-in-chief
Taiwan FSC: Striking a delicate balance
Validus Re: Size matters in CAT space
Standard Life: The party has just begun
Building robust models for Asia
2012 Asia Insurance Industry Awards - Celebrating that Award
Shimmering with vibrant optimism
Sri Lanka’s trusted reinsurance partner
Market primed for take off
Looking forward to life?
EAIC - A say in the future
EAIC - A case for an insurance world that pulls
EAIC - Hashing out EAIC
The Geneva Association - Ageing of the European population and its effects on financial markets
Ageing Asian population pushes a greater role for insurance
Impact of “Building Information Modelling” on insurers
D&O Feature: D&O risks in Asia on the rise
D&O Feature: Securing the existence of small- and medium-sized businesses
Innovation in Insurance
Effective Customer Care - Insuring leadership with Smarter Analytics
Investment Update - Investing for better returns
Legal spotlight on China: China’s insurance investment channels expands
Is Malaysia ready for tomorrow?
Is Indonesia riding the waves of change to transform the industry?
Is China’s privatisation policy spelling big boom?
Risk appetite for reinsurance optimisation
Global regulatory dynamics – Opportunities or challenges for Asian insurers?
Marine Update: Marine insurance continues to underpin global trade
Asia: Allianz in 10-year life distribution deal with HSBC in Asia
Asia: ING’s asset sale stalled in Korea
Asia: HSBC withdraws from Islamic retail business in six countries
Australia to see more weather-related events – Munich Re
Australia: IAG to cross-sell life insurance
China: PICC in talks with insurers for its HK IPO
Hong Kong: Insurance sector predicted to have highest salary increase in 2013
India: Insurance regulators must work closely with industry – IRDA
India: ERGO, Avantha enter into life insurance JV
Indonesia: Fitch predicts stable outlook for insurers in 2013
Malaysia: Tokio Marine to set up new reinsurance subsidiary in Labuan
New Zealand: AIG is major global sponsor of New Zealand Rugby Union
Pakistan: Pakistan’s life sector growing
Philippines: Multisectoral agency to draft country's first EQ insurance pool
Thai Floods- A year later
Thailand: World Bank to promote Thailand as ASEAN insurance hub
Thailand: Prudential plc to acquire Thanachart Life for US$585 mln
Hurricane Sandy may cost up to US$25 bln
AIG returns core insurance operations to AIG brand
FSA imposes largest retail fine of US$16.7 mln for mis-selling
IAIS proposes policy measures for global systemically important insurers
Diary of Events
People on the move
Hurricane Sandy may cost the insurance industry up to US$25 billion, according to the latest estimate at press time from Risk Management Solutions Inc. Earlier, AIR Worldwide, a leading catastrophe modelling firm, had put the estimate at between US$7 billion and $15 billion while EQECAT, another leading catastrophe modelling firm, had estimated $10-20 billion in insured losses and $30-50 billion in total economic damage.
Buy Now
AIG is again the go-to-market brand of American International Group, Inc’s global property casualty business in most locations while the company’s life and retirement segment is now AIG Life and Retirement.
For the “widespread” mis-selling of two of UK’s Card Protection Plan (CPP)’s main products, the Financial Services Authority (FSA) has fined CPP, a credit card insurer, the joint largest retail fine ever at GBP10.5 million (US$16.7 million).