Although the floodwaters may have receded more than a year ago, the 2011 Thai Floods had left behind a number of lessons for the insurance industry. Here are some pointers discussed by speakers at the half-day seminar on Critical Lessons Learnt from the Thai Floods held in Bangkok recently.
By Vandana Gupta
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A panel of three regulators and four insurance CEOs addressed the concern over excessive regulations and the cost of compliance. Both sides agreed on their need to communicate regularly and to work in a cordial relationship.
By Manuelita Contreras
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People working in insurance are not communicating the positive aspects of their jobs to the general public, and as such, the industry is seen as dull. In the panel on Nurturing Talent in Asia's Insurance Industry, CEOs highlighted the need to forge long-term strategies to find sustainable solutions to the talent problem.
By Manuelita Contreras
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Mr Michael Marshall of LIMRA International Research looks at how tightening capital and changes in consumer preferences are moving bancassurance into a more targeted, challenging realm.
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Mr Rod Shay of Swiss Re looks at the distribution channels scene in Asia where bancassurance, despite initially only handling simple products, is also changing.
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IRDA has recommended draft guidelines to provide health insurance coverage for individuals infected with HIV/AIDS. Dr Dhiraj Goud from RGA Services India explores.
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