The number of individual life insurance policies issued to women in the financial year ended 31 March 2021 (FY2021) was around 9.3m which was 33.00% of the total number of 28.1m new policies sold to both men and women in the fiscal year, according to the 2020-2021 annual report of the IRDAI.
The total insurance premium revenue in Vietnam in 2021 is estimated to have increased by 15.59% to VND215tn ($9.4bn) in 2021, according to information from the Department of Insurance Management and Supervision which is part of the Ministry of Finance.
Lloyd’s has launched a new renewable energy consortium to respond to the growing needs of the Asia-Pacific region and supporting countries, as they transition to greener energy solutions.
Risk
Secondary peril events are becoming more impactful and generating an increasingly large amount of insured losses, affecting the bottom lines of personal and commercial lines property underwriters, according to an AM Best commentary.
The last two years 2020 and 2021 and the instability caused by the COVID-19 pandemic, social unrest and the impact of climate change have highlighted how risks facing businesses are becoming increasingly volatile and interconnected according to Aon’s 2021 Global Risk Management Survey.
UK risk management association Airmic has advised members to learn to live with pandemics and not expect things to return to normal anytime soon.