Global Nat CAT losses in 2022
Reinsurers to see strong underwriting margins in 2023
View from India - Challenges in designing cyber insurance
Treating cyber as a catastrophe
China reopens borders - a double-edged sword
Life & health
Digital disruption of the life insurance industry
Korea's life insurance business outperformed by non-life
General insurers on strong technical ground
Health insurance is adapting to consumer needs
Korean reinsurance industry to see immense growth
Fast-forward the future
Regulator focuses on reform to support insurers
Insurer communication is nowhere near where it needs to be
New insurer joins Cyclone Reinsurance Pool
Ellie triggers record-breaking floods in WA in December
Strata insurance premiums continue upwards in 2023
Industry training provider focuses on emerging skills
A trailblazer in Indian insurance education
Car companies becoming insurance intermediaries
Growth of public liability insurance
Hong Kong regulatory changes in 2022
India: IFRS17 in action
Hong Kong: Adapting to a fundamental change in standards
Australia: Broad training resources to prepare for IFRS17
The Geneva Association - The return of inflation: What it means for insurance
ASEAN: Challenges prevail in 2023 for insurers in the region
Australia: IAG reveals higher CAT reinsurance costs for 2023
Vietnam: Government intent on developing safe, sustainable, insurance market
Disasters compounded and cascaded in 2022
Two out of three glaciers could be lost by 2100
Phishing and malicious email threats surge by 60%
Malaysia: Tune Protect Life introduces insurance for SMEs
Malaysia: Zurich introduces medical riders to provide accessible health services
Thailand: bolttech to offer more protection for mobile device owners
People on the move
Australia has seen an increase in significant breaches of the general insurance code of practice according to the latest annual report of the General Insurance Code Governance Committee.
MARKET PROFILE - South Korea
The Korean non-life insurance market has demonstrated greater resilience compared to life business amid a challenging economic environment and surpassed the life segment in terms of premium income in the first half of 2022.
INSURANCE - Life & health
It is clearer than ever that automation is the future of insurance. Clever data usage and collaboration have only become more important over the years.
China’s leadership has decided to reopen the nation to the world after a long stretch of some of the toughest anti-COVID measures seen anywhere.
With overall losses of around $270bn and insured losses of roughly $120bn, 2022 joins the recent run of years with high losses.
Property and specialty lines entered a hard market, catastrophe prices remained high and, combined with rising inflation and interest rates, will lead to an overall improvement in underwriting margins for reinsurers.
In its slew of reforms for the industry, Insurance and Regulatory Development Authority of India relaxed regulations for cyber insurance products.
Cyber business is expected to grow threefold within the next five years owing to a rise in demand as companies become more aware of the risks.
Travel insurance could see increased demand as China reopens its borders. Insurers in Hong Kong are also looking forward to business from mainland Chinese visitors.
The South Korean non-life industry in 2022 witnessed a major turnaround in its technical results after years of underwriting losses.
Health insurance needs of South Koreans are transforming rapidly with the changing demography, developing technology and evolving healthcare.
Allianz Australia Insurance has joined the Cyclone Reinsurance Pool as an insurer customer. The pool is run by Sydney-headquartred Australian Reinsurance Pool Corporation (ARPC).
Ex-tropical cyclone Ellie caused havoc in Western Australia (WA) as it bought heavy rain and damaging wind to the region, cutting off towns, forcing road closures and transforming areas of the landscape into an inland sea.
From managing environmental and cyber risk to building capabilities in digital skills, Singapore College of Insurance is expanding its training programmes.
We spoke to Insurance Institute of India about how it navigated pandemic-related challenges over the past two years - and the future of the training segment.
In 2022, insurance intermediaries left the market one after another. Meanwhile Chinese auto makers entering the insurance business has become a trend in recent years.
Awareness of public liability insurance is low and its adaptability is also not very encouraging in China. Things are transforming and this line of insurance should find a wider market in the country soon.
The annual report from Hong Kong’s Insurance Authority gave an in-depth look at the regulatory activities undertaken in 2022, including new measures to protect policyholders and to assess the risk portfolios of the territory’s insurers.
In India, IFRS17 will be implemented as the local accounting standard equivalent called Indian Accounting Standard 117 (Ind-AS 117).
The final implementation date of IFRS17 was much delayed, but the 1 January deadline has come and gone.
New accounting standards pose complex challenges for actuaries in Australia. Thus, the Actuaries Institute has been providing comprehensive resources for actuaries to prepare themselves for IFRS17.
The immediate impact of inflation on non-life insurers’ earnings is negative, primarily through rising future claims costs on current insurance policies, the need to bolster loss reserves and, in case of stagflation, reduced demand. The effect...
Insurers will continue to have to deal with regulatory and financial reporting changes, specifically the advent of IFRS17 and ESG reporting, said EY ASEAN insurance leader Brandon Bruce.
Sydney-headquartered IAG has confirmed the renewal of its A$10bn ($6.95bn) catastrophe reinsurance coverage for 2023, agreeing to bear more damage in disasters in the face of pressure from reinsurers.
The Ministry of Finance aims to implement many solutions to achieve the goal of developing a safe and sustainable insurance market, meeting diverse insurance needs and ensuring social security this year.
Having recently received approval from Bank Negara Malaysia to participate in the Financial Technology Regulatory Sandbox, Tune Protect Life is introducing SME EZY – an affordable, comprehensive medical and life employee benefits insurance...
International InsurTech bolttech and Thailand’s mobile network operator AIS have partnered to deliver embedded protection services including mobile device switch and replacement services to AIS customers for the recently launched AIS Care+...