Trust, but verify
A 'must read' for all agents, advisers and agency leaders in Asia
General
The long-term effects of a single blocked canal
Life & health
Life insurance customers crave human touch
Insurers can support cost-effective healthcare
Indonesia: A new player has joined the game
The continuing evolution of data protection
Hong Kong
Regulations for building a (re)insurance hub
Core distribution channels for life
InsurTech is inevitable
The calm before a storm?
One for all and all for one
There is no second China
Reinsurers expect to bounce back after impact of 2020
A new regional reinsurer in the Seychelles
View from India
Reinsurers resort to prudent pricing
The evolving role of the reinsurance CFO
The role of brokers must change tremendously
Think Tank
Public-private solutions to pandemic risk
From pilot to profit
Life insurance for elders to get a makeover
The importance of staying relevant
Insurers: Desperately seeking efficiencies
Non-life run-off grows in appeal as insurers seek capital relief
Infographics: Revealing insights from insurance industry leaders in Asia
Asian
Zurich announces new legal panel for large and complex claims in APAC
China: Financial entities to be required to adopt green finance
Malaysia: Labuan financial centre licenses eight captive insurers in 2020
Taiwan: All life policies to be in digital form in two years
Risk
Fake COVID reports and vaccine certificates for sale on darknet
New Zealand introduces climate change law for financial firms
Product Bites
People on the move
MARKET PROFILE - Hong Kong
REINSURANCE
Reinsurance is a notoriously cyclical business but there seems little doubt that 2020 represented a period of growth for Munich Re. Dr Achim Kassow told us about plans for transforming the business.
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CHINA
China’s first online insurance company, ZhongAn, achieved profitability in 2020 for the first time since its listing. We spoke to the insurer’s Mr Jiang Xing to see what comes next.
RISK - Think Tank
The shutdown measures adopted by many governments to contain COVID-19 plunged the global economy into the deepest recession since the Second World War, exposing massive protection gaps in the area of business continuity risk.
NOTEBOOK
Years of cost-reduction efforts have yet to yield significant results for insurers, but the need for leaner cost structures is acute in highly competitive lines.
What makes the financial services arena such a dynamic place to work in is that things can change in an instant. ‘Never a dull moment’ is a well-worn phrase but one that could easily be applied to risk managers.
Asia Advisers Network (AAN) is a dedicated resource for insurance agents and advisers working in Asia – keeping readers abreast of all significant developments in the industry that might affect how agents and advisers operate.
The grounding of an ultra large container ship in the Suez Canal cost an estimated $1bn in losses.
The thrust of digitalisation in life insurance is to empower customers and do away with bricks and mortar offices. Life insurers need to go digital but must retain the human touch.
The COVID-19 pandemic has pushed health and wellbeing to the forefront of consumers’ concerns and there is an urgent need for cost-effective healthcare backed by insurance.
The latest changes to the Personal Data Protection Act in Singapore are likely to increase the demand for cyber insurance. How will it affect insurers?
From introducing new legislative frameworks to preparing for a new capital regime and introducing temporary measures to facilitate InsurTech development during the pandemic, Hong Kong’s Insurance Authority (IA) has had a very busy year.
To find out how Hong Kong’s life sector has fared in the face of the pandemic we spoke to leading players to get an overall sense of how the year ahead is looking.
Hong Kong has taken many strides in InsurTech development and collaboration over the past year, much like the rest of Asia.
Swiss Re, Munich Re and Lloyd’s all reported COVID-19-related losses of at least $3bn, but their overall profitability remained stable, helped by a lower-than-average Nat CAT year.
The first reinsurer of the Seychelles, SEY Re, hopes to support the country’s economic growth and create a robust gateway for its own reinsurance sector.
COVID-19 has impacted many aspects of our lives and jobs. But what does this mean for the role of the CFO?
Brokers have had to conduct their business – which is largely based around relationships and communication – during a time when the world was stuck at home.
Recent moves by the Chinese insurance regulator and the insurance industry indicate that they no longer look at the country’s ageing population with pessimism.
For Nexus Asia, 2020 was a mixed bag. On one hand, the relationship-driven business that is (re)insurance meant that a lot of its ‘normal’ day-to-day activity ceased.
The rapid expansion of the non-life run-off insurance market globally is set to translate to growth in Asia as well.
Every week, Asia Insurance Review surveys its readership to glean insights into the big issues that confront leading executives in insurance and reinsurance in the region. The results of our surveys are published in the form of a series of...
Zurich Hong Kong has introduced a new legal panel to provide legal services for the strategic management of large and complex claims across APAC.
China will require financial institutions to transition towards green finance as early as possible, to help achieve the country’s carbon neutrality goals.
Labuan International Business and Financial Centre (Labuan IBFC) charted strong captive growth in 2020, with its total number of captives increasing by 15.4% over 2019, according to trade publication, Captive Review, which recently released its...
Generali introduces critical illness plans with unlimited claims AXA launches new motor insurance plan Zurich launches financial planning solution for Malaysians
Asia Conference on Bancassurance and Alternative Distribution Channels – Virtual 14th Asian Insurance CFO Summit– Virtual Virtual Takaful Rendezvous 2021 Global Insurance Forum InsureTech Connect Asia
Asia: Sedgwick appoints head of forensic advisory services Asia: Guy Carpenter launches capital advisory group Asia: Brokerslink introduces new Asia Pacific regional manager Hong Kong: Sun Life appoints new president of international hubs and...