Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Jan 2013

Read the latest edition of AIR and MEIR as an Interactive e-book

Regulations for a prospective future

COUNTRY PROFILE

Regulatory changes dominated play in the Indian market in the last few years. Some were welcome while others were questioned. Through all these changes, insurers agree that long-term prospects remain promising, and they are confident that growth will continue into 2013.

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P&C: A look back at 2012 and prospects for 2013 - Hope blossoms

COVER STORY

With the New Year comes new hope. For insurers, there is hope for another benign year in terms of losses, for underwriting discipline to hold, and for lessons to be learnt. Regulators, insurers and a consultant share about these hopes.

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Industry to lead instead of waiting for Mr Regulator?

SPECIAL FEATURE

Pockets of change are afoot in Asia as industry players put lessons from 2011 to practice. But 10 insurers and reinsurers said at the AIR Roundtable, held along the corridors of the 26th EAIC and hosted by the Qatar Financial Centre Authority, that...

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All Stories

Interviews

  • Kiln: Fifty years on

    Kiln celebrated its 50 years of operations last year. As it moves forward, Mr Charles Franks, CEO, Kiln Group Ltd, and Mr Neil Wray, Regional Managing Director, Kiln Asia Singapore Pte Ltd, share with Asia Insurance Review what has changed, what...

  • Echo Re: Growing without haste

    While it may be tempting for newer entrants to grow market share by undercutting prices, Dr Peter Hugger, CEO of Echo Reinsurance Ltd, says he is focussed on doing it solidly through a good portfolio mix, and it helps that the shareholding company...

  • Rising customer debt and lending a draw for Genworth

    A sub-plot in Asia's growth story is its growing customer debt and personal lending, a development that has brought Genworth Lifestyle Protection to the region. Mr Peter Barrett, the company's Global Managing Director, expects customers' need to...

Special Feature

M&A

  • The Deal Makers - M&As heat up

    Just when one thought the year of M&A rush had come to a close, news of HSBC's US$9.4-billion sale of its stake in Ping An Insurance to a Thai conglomerate broke a few weeks before 2012 ended, making it Asia's largest insurance acquisition of the...

Country Profile

  • Regulations for a prospective future

    Regulatory changes dominated play in the Indian market in the last few years. Some were welcome while others were questioned. Through all these changes, insurers agree that long-term prospects remain promising, and they are confident that growth...

  • Great expectations

    India's insurance business was full of promise when it was liberalised in 2000, but in 2012 the industry was besotted by losses as a result of regulatory changes and a sharp slowdown in economic growth. Despite these hiccups, both life and non-life...

  • Indian life insurance industry: Ready for consolidation?

    It has been over two years since the IRDA issued guidelines restricting the design and pricing of unit-linked insurance plans (ULIPs). This was just the beginning of a series of regulatory changes. Milliman's Mr Sanket Kawatkar and Mr Richard...

Cover Story

Think Tank

Legal Page

Risk Management Feature

  • The data tsunami

    Data production is expanding at a truly staggering pace. Mr Stuart Selden of FM Global explores some of the property risk management challenges that data centre owners and operators face.

P&I

  • All hands on deck

    The shipping industry is forecast to face a challenging year, and as a result so will the P&I clubs. As they brace themselves for the challenges globally, clubs nonetheless look to win in Asia with hope.

Regulation Feature

IT in Insurance

News

  • Asia to make up 45% of global premium growth in next 8 years

    Asia-Pacific is estimated to account for about 45% of worldwide gross written premium growth in the next eight years, according to Munich Re. However, it will need to further develop its risk management, solvency and Nat CAT capabilities as it...

  • ASEAN: YAMA joy for AIA's Thai actuarial head

    Mr Pichet Jiaramaneetaveesin, 35, Head of Corporate Actuarial at AIA, was named the Young ASEAN Manager of the Year at the joint dinner of the ASEAN Insurance Regulators and ASEAN Insurance Council (AIC) in Bangkok in December.

  • Australia: IAG sells UK operations

    Insurance Australia Group Ltd (IAG) has sold its specialist UK commercial broking business Independent Commercial Brokers (ICB), which includes Barnett & Barnett and NBJ to the existing management team for approximately GBP10 million (US$16.2...

Global News

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