Insights - Mitigating the Risks of Technology Procurement by Insurers – An Asian Perspective
AIR News - Indonesia Waters Not War Risk, Say Shipowners
AIR News - Taiwan: UIB Asia Singapore Signs MOU with Elite Risk Services (ERS)
In an industry notorious for failed Information Technology (IT) projects and a tantalising array of technologies to choose from a host of foreign and local vendors, betting on the right technology to serve both short- and long-term requirements can be paralysing....
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Mr Clement Cheung, JP, Commissioner of Insurance, the Hong Kong Special Administrative Region Government, may be new to the regulatory role but is by no means a stranger to duties concerning industry liaison and regional co-operation. Our Deputy Editor Irene...
If Aviva says it can do it, then it can. And the passion to achieve beyond borders and boundaries comes from the very top. Asia Insurance Review talks to Aviva’s Group Chief Executive Richard Harvey, a 35-year veteran of the insurance industry who...
Having spent more than 28 years of his professional career in the life insurance industry and many years in Asia, Mr Trevor Bull is currently MD of Tata AIG Life Insurance Company, one of the largest private players in India. He has served American International...
Following the purchase of German life reinsurer Revios Reinsurance AG, SCOR Global Life or SCOR GL will be now one of the top five largest life reinsurers in the world. With the increase in size comes responsibility and the ability to offer better value to customers,...
Mr CT Juang shares some of his initial thoughts and philosophies with Asia Insurance Review as he takes over the helm of the former state-owned reinsurer of Taiwan.
Singapore is a mature market but there are still lots of room for growth, said Mr Derek Teo, President of the General Insurance Association (GIA) since 2005. As the GIA celebrates its 40th anniversary this month, Mr Teo talks about the role the Association can...
China is a new insurance market attracting worldwide attention with the promise of rapid development and enormous potential. In this abstract from the Geneva Papers, Mr Wu Dingfu, Chairman of the China Insurance Regulatory Commission, (CIRC) highlights the ...
The number of approved insurance brokers in China has jumped from just three to nearly 300 in six years, and looks set to increase even further under the WTO agreement. Mr Alex Yiu, General Manager of JLT Lixin Insurance Brokers, a joint venture between JLT and...
As the price war in motor insurance wages in China, it creates the same inevitable death spiral for all players’ profit margins as it does in any other market. The question that comes strongly to mind when witnessing this rush for market share and urge to grow...
IFRS 4 Insurance Contracts were issued by the International Accounting Standards Board (IASB) on 31 March 2004 as the first step in its project to achieve convergence of widely varying accounting practices in insurance industries around the world. With the mandatory...
As a special curtain raiser to the 13th IAIS Conference later this month in Beijing, we present excerpts of a speech from The Geneva Association’s Etudes et Dossiers no. 313 where Mr Alessandro Iuppa, Chair of IAIS, shares his thoughts on the importance of...
Australia has one of the world’s most sophisticated and well regulated insurance markets. Here, IAG, a leading insurer in Australia, tells Asia Insurance Review its views about the regulations in the country as well as how the current regulatory regime can...
The insurance industry is a global business, and its regulation should be too. Obviously, each country is different, and will have certain factors unique to it. But if we are to have a robust, efficient insurance industry that gives policyholders the security they...
In this special curtain raiser to the International Association Insurance Supervisors (IAIS) Conference in Beijing later this month, Mr Katsuo Matsushita, General Manager of the General Insurance Association of Japan (GIAJ), looks at the issue of trade barriers....
Mr Paul L. Horgan, Partner and U.S. Insurance Advisory Practice Leader, PricewaterhouseCoopers looks at the latest updates on the much debated issue of the Optional Federal Charter (OFC) and gives insights into the two camps for and against the proposal.
In a firm call for the modernisation of the US Reinsurance Regulatory System, Mr Pierre Ozendo, Member of the Executive Board, Chairman and CEO, Swiss Re America Corp, stresses that both regulatory oversight and market discipline benefit substantially from a...
Mr Gordon Perchthold and Ms Jenny Sutton have over 40 years of combined experience assisting banks and insurance companies with the selection and implementation of a wide range of solutions allowing these organisations to evolve. This article is a ...
Figures published recently by Lloyd’s predict that directors’ & officers’ liability insurance (D&O) premium income will grow by 25% in Asia Pacific by 2007, reaching a regional total of US$185 million. This growth is being encouraged by...
The modern medical profession is undergoing major and frequent radical transformations fuelled by advancements in medical science, developments in law and court decisions, the deteriorating image of medical practitioners, as well as social, economic and political...
Messrs Alex Letts, CEO, and Tom Curtis, Managing Director (Asia Pacific) of RI3K Ltd, decipher the latest acronym to hit the tech world.
In the second article in our “back to basics” series, Mr Michael Mendelowitz, Partner, and Ms Vanessa van Breda, Associate, in the Reinsurance and International Risk team at Barlow Lyde & Gilbert, look at the unique structure of the ...
Business today moves at incredible speeds, which is why decision makers are constantly looking for ways to improve productivity, eliminate missed opportunities, and increase revenues. Mr Mathia Nalappan, Vice President, Asia Pacific, Nokia Enterprise Solutions,...
Mr Ian Pollard, Assistant Vice President, Professional Liability (Commercial) Financial Lines Division, Southeast Asia & China Regions, looks at the rising growth of professional liability protection in the region, driven by demand from...
The rapid growth in demand for liability insurance in Asia has given underwriters unprecedented opportunity, but what about the downside? Mr Raj Ahuja of EMB says it can be very easy to underestimate exposures.
Mr Al Palmer, Operations Vice President and Engineering Manager, FM Global – Asia, discusses how businesses can cope with flood risks and looks at various issues to consider if your business is within a flood risk zone.
Mr Simon Hu, Senior Director, Capital Markets/Business Development at Fitch Ratings, looks into his crystal ball and presents a tongue-in-cheek look at what the stars predict for the insurance market for 2007 and beyond - while sharing some surprises.
Traditionally, multinational insurance companies have allowed their in-country Asia Pacific business units to operate their cash management programs in an independent, decentralised manner. Local entities choose their own banking partners, adopt unique internal...
This month we get up close and personal with the man behind one of the world’s largest reinsurers and the second-largest primary insurer in Germany, Dr Nikolaus von Bomhard, CEO of Munich Re.