From Editor-in-chief

Allianz: Multi-accessibility is a must

As the insurance industry gears up for another year of business, Mr Manuel Bauer, Member of the Board, responsible for insurance growth markets at Allianz SE, shares his insight on the insurer's regional strategies and the importance of multi-access...

Great Eastern: Giving insurance a social uplift

Great Eastern Group CEO Chris Wei shares their winning social media formula to better engage consumers. By Ridwan Abbas

AIG: Leading the way with a Chief Science Officer

The industry has historically been data rich, but knowledge poor. With the amount of data available set to grow exponentially, AIG intends to lead the way towards gaining an edge through analytics with the appointment of Mr Murli Buluswar as Chief...

CEO focus: An ASEAN certainty

"An integrated ASEAN economic community (AEC) will happen for sure. And 2015 should be seen as a milestone towards the journey of creating this AEC certainty rather than as a strict deadline," say many in the insurance industry. The impact of...

CEO focus: Act now for AEC

An integrated ASEAN will happen for sure, says Ms Evelina F Pietruschka, Secretary General of ASEAN Insurance Council (AIC). There is no time to lose and the AIC is committed to do whatever it takes to help the industry prepare for ASEAN Economic...

CEO focus: Uniting a fragmented ASEAN: What it means for insurers

Southeast Asian states have targeted 2015 to create a more integrated economic region, and the effect on the insurance industry is potentially wide-ranging in the long run - from regulations, distribution, products, talent to operating cost base,...

Prospects aplenty: Time to act now

There is continued buoyant growth in life and non-life in Indonesia. OJK has taken active steps to even set tariff for motor, property, EQ, and floods to stop price war in the market while in life, the boost comes from rising wealth as well as the...

Interview with a Regulator: OJK announces tariff rates, new reinsurance firm targeted for 2014

Indonesia's Financial Services Authority, known locally as OJK, has been operating for a year now following the merger of several regulatory agencies into one concerted body. Dr Firdaus Djaelani, CEO of Non-Banking Financial Institutions & Member of...

Succeeding in Indonesia's life insurance market: Putting the customer first

The opportunities in Indonesia is no secret. The secret would be how to succeed in this intensely competitive market. Mr Kevin Strain from Sun Life Financial Asia shares his insight on opportunities, winning the trust of customers, recruiting and...

Brokers: Rooting for the underdogs

The heat is on. As insurers continue to ramp up and diversify their distribution efforts, brokers - particularly the small to medium-sized players - face an uphill task of distinguishing themselves in the ensuing competition. So, how can the...

IRFRC: Capturing the dynamics of China's and India's non-life insurance markets

China and India are among the fastest-growing emerging markets within the global economy with the attendant boom in their non-life insurance markets. Ms Yisi Lu and Mr Evan Leite of Risk Lighthouse, through the creative analytics of available data,...

Life feature: A career in insurance remains bright

The future of the life industry and the professionals servicing their clients daily remain bright. We look at the statistics, and what more can be done to help the agency force.

CAT modelling focus: Risk Frontiers: A unique model of cooperation between industry and academia

Having started out as a business arm of Macquarie University, focussing on research into the natural catastrophes in the Australasia region, Risk Frontiers is now a unique and successful model of cooperation between the industry and the academia. Mr...

Disaster Risk Reduction: Can private insurance contribute?

In this extract from The Geneva Association's Risk Management Newsletter, Mr Hans Peter Würmli of The Geneva Association says strong institutional frameworks are needed for public-private partnerships to be successful.

Enhanced privacy regime in Australia - How could it affect you?

Mr Dean Carrigan and Mr John Gallagher of Clyde and Co, Australia, discuss the impact of The Privacy Amendment (Enhancing Privacy Protection) Act 2012 (Act) which is due to take effect on 12 March 2014.

Life reinsurance focus: Optimising risk capacity via reinsurance

Mr Louis Lee of SCOR Global Life Asia Pacific explains the dynamics of a direct life insurer in using reinsurance to optimise its solvency, business experiences and to reduce tail exposures.

Asia: Super typhoon Haiyan dominates global Nat CAT list in 2013

Haiyan, along with exceptionally high losses from weather-related catastrophes in Europe, dominated the overall picture of natural catastrophes in 2013, said Munich Re in a report.

Asia: AIA survey says employee benefits plans fail to meet employee needs

Employees in Hong Kong, Malaysia, Singapore and Thailand consider Critical Illness coverage one of the most important elements in the Employee Benefits Schemes (EB Schemes) offered by their employers, a survey commissioned by AIA Group Ltd showed.

Asian insurers need to prepare for the new world of IFRS reporting urgently

Mr Manu Anand, Senior Manager, IFRS Advisory at Deloitte, said with the publication of the IFRS 4 Phase II, currently expected in early 2015, there is no time to delay and Asian insurers need to prepare for it urgently. We append below an extract...

Sompo Japan lending "Sunflowers" by Van Gogh to bring hope in Japan's earthquake-affected region

Tough 2014 for traditional reinsurers and new capacity alike - Willis Re

Having successfully navigated a challenging year in 2013, reinsurers will face continuing market headwinds going into 2014, said Willis Re in its 1st View Renewals Report.

RSA review to be completed by end-Feb

RSA Insurance Group said the review of its business to look for ways to raise capital will be finalised by the end of February.

Munich Re and TÜV SÜD develop Project Risk Rating

Munich Re and TÜV SÜD have developed a new risk rating system, The Project Risk Rating (PRR), for industrial projects. The system facilitates the assessment of complex investment projects, and thus also the associated investment decisions.

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