General
Public private insurance partnerships - does the industry know its clients?
Principles of insurance - should they evolve and how?
An innovative use of parametric insurance in takaful
Traffic violations could lead to spikes in motor insurance premiums
Think Tank: The Geneva Association - An examination of catastrophes, insurance guaranty funds and contagion risk
A better tomorrow
China to remain driving force behind global non-life insurance premiums
Greying China and healthcare interventions
China's health insurance: A blue ocean strategy?
Indonesia
Keeping up with the new world
Strengthening portfolios amid slow market growth
Shariah business: The spin-off dilemma
Underinsured nation welcomes technology to fill in gaps
Adaptable and undaunted
Vitality helps persistency
Defamation capital of the world
More insurance winners from Australia
Changing face of the workers compensation market
Improvement in pricing recurrent theme in Monte Carlo
Old is gold
The importance of product design in life reinsurance
Supporting insurance through terrorism risk pools
Integrating ESG into investment risk management
Adjusting investments with new solvency rules
Positioning yourself for success
Insurers tap outside-in innovation to engage customers
Do chatbots really work for insurance?
Why AI is the future of the insurance industry
Decoding problems for the insurance community
Asian
Asia: Typhoon Lekima spells $10bn economic loss in August
Asia: Are tighter rules around claims needed?
Australia: Traditional large insurers losing market share
Cambodia: Motor third party liability insurance to be made compulsory
Hong Kong: Guidelines for licensed insurance intermediaries take effect on 23 Sep
China: Ringing in a new era of (re)insurance this November
Hong Kong: Top 3 finalists of The Hong Kong Insurance Awards 2019 revealed
Indonesia: Insurers ask for IFRS17 to be deferred to 2025
India: Govt to pump $1.67bn in 3 state owned general insurers
Macau: Investment risk looms larger for major insurer
Malaysia: Motor claims increase in 1H2019 despite fall in vehicle theft
Myanmar: Govt aims to launch microinsurance
New Zealand: 1 in 3 tenants lack contents cover
Philippines: Change to law sought to make crop insurance mandatory
Singapore: Life insurance industry refines critical illness definitions
Singapore: Organisers expect record attendance at SIRC next month
South Korea: Samsung Fire & Marine first to offer long-term disability insurance
Taiwan: Five insurers lower declared interest rates
Vietnam: Tertiary degrees to be required for some insurance functions
China
New bancassurance regulations take effect on 1 Oct
Insurance giants slug it out in 3 main battlegrounds
China Life undertakes major corporate reshuffle
Global
Modest rise in global marine premiums no cure for ailing sector - IUMI
Risk
New Zealand study finds e-scooters carry greater medical risk than expected
Businesses see more than 500 new cyber threats every minute
Product Bites
People on the move
REINSURANCE
CHINA
China’s health insurance market is highly competitive and the battle for market share is as intense as ever. The good thing is that market participants in China have never stopped looking for answers and trying out new and innovative business...
INVESTMENT
Insurers in Asia may increasingly look towards alternative asset classes in the years to come.
Buy Now
INSURANCE - General
Addressing economic and societal impacts of natural catastrophes is critical to economic sustainability in the Asia Pacific region. The insurance industry has made progress on various ends over the years, but it needs to become better.
The guiding force for insurance, and other businesses, should no longer solely be on maximising shareholder value - but in delivering a more sustainable future.
RISK
Many countries have formalised solvency insurance programmes that provide payments to policyholders of insolvent insurers. The Geneva Association examines the issue of using ex post guaranty fund assessments following a peak peril loss resulting in...
The growth drivers and pitfalls facing life reinsurers are quite unique. We spoke to Pacific Life Re’s Andrew Gill about the good, the bad and the tricky.
We caught up with the CEO of the Australian Reinsurance Pool CorporationDr Christopher Wallace, to find out how the business has been growing, what lies ahead and why it holds such appeal for reinsurers throughout Asia.
TECHNOLOGY
Being customer-centric, not policy-centric, is the future of insurance. This consumerisation is driving disruptive change in the industry.
We survived September with great volatility and chaos on a daily basis, be it climate, geopolitical, trade or markets related or just wondering what is next in technology and disruption.
Al-takaful is an important risk management principle in Islamic society. It is also this principle of solidarity and shared responsibility that the International Islamic Fiqh Academy adopted in 1985.
Managing sustainability risks were the main points of discussion at the Malaysian Association of Risk and Insurance Management (MARIM) International Conference last month.
The ongoing trade war between China and the US has inadvertently lowered consumer and business sentiment in the mainland.
As China grows ‘old’, the demographic shift in the population calls for a transition in the country’s healthcare system. To what extent would intervention by the Chinese government be successful?
Consistent growth in Indonesia’s economy and insurance markets has served the nation’s insurers well but increased regulatory oversight and an increasingly digital population demand that companies adjust.
The life insurance market in Indonesia experienced a slowdown in 2018, which continued through the first quarter of this year. However, there is still optimism that things will improve.
Indonesia is unique amongst Asian countries selling Islamic insurance or shariah business, seeing it is the only country left in Asia where shariah business operates as a ‘window’ within a conventional insurance company.
AIA is a ubiquitous brand throughout Asia but really only became a household name in Australia after the life insurer bought CMLA - and Sovereign in New Zealand - from CBA. We spoke to the head of AIA Australia Damien Mu to find out how the market...
Insurers in Australia would do well to pay close attention to some recent high-profile defamation cases where a sharp increase in damages amounts awarded could see insurance capacity shrink. We spoke to Victorian barrister David Gilbertson QC about...
A celebration of the winners of the Australian Insurance Industry Awards 2019.
Asia Insurance Review was once again present at the Les Rendez-Vous de Septembre in Monte Carlo where CAT losses, pricing and ILS dominated discussions among reinsurers.
The idea that seniors represent an opportunity for insurers may be counter intuitive but the demographics of a rapidly ageing Asia demand a change in mindset.
In the chase for yield, ESG analysis has become a component of a process to manage increased investment risk.
Munich Re’s Jill Hoffmann provides some tips for aspiring women leaders in the industry.
In recent years, chatbots have graduated from being vanity projects in many insurers’ corporate innovation labs to real-world use ranging from customer service and consumer marketing to agent recruitment and frontline engagement.
Insurance companies rely heavily on vast amounts of data, although the methods by which they analyse this data are looking more and more archaic every year.
Typhoon Lekima is the deadliest and costliest storm of the 2019 western Pacific typhoon season after landing as a 110mph (175kph) Category 2 storm in China’s Zhejiang Province on 10 August, according to Aon.
A report from the China Banking and Insurance Regulatory Commission (CBIRC) revealed that it had registered a total of 48,194 complaints against insurers in the first half of the year.
Traditional large players in the insurance market are slowly losing the battle for market share to challenger brands which are also putting pressure on margins for home and car policies.