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Life industry on a roll
The life insurance industry in India, consisting of 24 companies, has seen robust growth in 2017, backed by new business models, better products, customer centric technological initiatives along with a growing trend of personal savings in India. The industry is poised for higher growth in the second half of the current financial year and private insurers are expected to lead the charge. We speak to Mr Amitabh Chaudhry, MD & CEO, HDFC Life, on some of the issues the market is grappling with and what the future holds for the industry.

Source : AIR | 01 Jan 2018
Creating an ecosystem of engagement
Newly-minted ReMark International CEO Na Jia elaborates on the dominant challenge currently facing the life industry and shares how insurers need to adapt in order to thrive.

Source : AIR | 01 Oct 2017
Australia: New approaches needed with changing claim trends
Claim trends are changing among young policyholders. The first private health insurance claims filed by young women today is predominantly a mental health claim while women having their first baby are no longer the hook it once was to buy private health insurance.

Source : AIR | 01 Oct 2017
Online insurer courts pharmacy network in strategic partnership
While tackling the protection gap must progress with today’s digital trends, U for Life General Manager Kenny Thing says insurers must not overlook conventional touchpoints as well.

Source : AIR | 01 Oct 2017
Making insurance more ubiquitous
Mr David A. Chan from Willis Towers Watson says we live in an inimitable age and this can help make insurance a more ubiquitous part of our daily lives.

Source : AIR | 01 Oct 2017
AIA introduces Hong Kong's first blockchain-enabled bancassurance network
AIA Hong Kong has announced a new blockchain solution that enhances customer experience and improves efficiency for its bancassurance operations. The solution, co-developed with its bank partners, is the first instance of blockchain technology being deployed in a bancassurance partnership in Hong Kong.

Source : AIR | 01 Dec 2017
Legacy versus digital insurers - the lines are blurring
Can ‘new’ insurers could do well enough to prompt incumbents to move away from the traditional tack.

Source : AIR | 01 Mar 2019
AI: Helping people become more human
Some have viewed companies’ adoption of artificial intelligence (AI) with reluctance, suspicion and fear of being displaced. But software startup Flamingo says the use of AI can make humans more hu-man with its efficiency outcome.

Source : AIR | 01 Jul 2017
Straight-through winning
Although bancassurance remains a compelling proposition for both insurers and banks, it is not cushioned from the impact of disruptive technology that is buffeting the industry. Here are key takeaways from the 18th Asia Conference on Bancassurance & Alternative Distribution Channels.

Source : AIR | 01 Jul 2017
AXA Partners Asia: Redefining partnerships around services
A dedicated specialist of services and solutions with a focus on third-party distribution in AXA Group – AXA Partners Asia – has started operating in Asia. We speak to Mr Jerome Itty, its Regional CEO, Asia, about their plans to enhance traditional segments and venture into new ones.

Source : AIR | 01 Jul 2017
Allianz: Connecting insurance with the masses
The winners in the distribution game will be those who are collaborative, flexible and data-driven, says Allianz’s Chief Distribution Officer for Asia Pacific, Lars Heibutzki.

Source : AIR | 01 Jul 2017
Australia: Study shows limitations of life insurance aggregators
Most life insurance product comparison websites (PCWs) receive a similar commission level to qualified financial advisers, according to a study by financial services consulting firm Rice Warner.

Source : AIR | 01 Jul 2017
South Korea: Big traditional insurers making impact online
South Korea’s major insurers have emerged as big players in the country’s online life insurance market, with a focus on savings-type policies that life planners shun due to low commissions.

Source : AIR | 01 Jul 2017
Philippines: Online community portals to market microinsurance
Pru Life Insurance Corp of the UK, the Philippine subsidiary of British insurer Prudential, and German government development agency Gessellschaft für Internationale Zusammenarbeit (GIZ) intend to bridge the protection gap among Filipinos by distributing microinsurance via online community portals.

Source : AIR | 01 Jul 2017
Philippines: Telemarketing draws several insurance players
There are at present 13 insurance companies and one insurance broker engaged in selling insurance products through telemarketing, according to the Insurance Commission (IC).

Source : AIR | 01 Jul 2018
Nepal: Microinsurance gets a huge push
Microinsurance has now begun to gain momentum in Nepal with the release of the microinsurance directives for Nepalese insurers by the Beema Samiti (Insurance Regulatory Authority of Nepal).

Source : AIR | 01 Aug 2017
Thailand: Online car insurance broking startup targets US$3 bln premiums in 1st year
Carpool Insurance Broker, a Thai InsurTech firm, is aiming for THB100 million (US$3 million) of premiums during its first year of operations.

Source : AIR | 01 Aug 2017
Loss of Indian science was a gain for the Indian insurance industry
Asia Insurance Review caught up with Mr Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance Company, who was recognised as a LinkedIn Power Profile for the third consecutive year – a hat trick! In this exclusive, the insurance stalwart shares his thoughts on a variety of issues including digitalisation and building good corporate culture.

Source : AIR | 01 Sep 2017

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