Tag Search Result

  • Indian non-life insurance industry: Performance and potential

    The Indian insurance industry has been on a roll for the last 17 years. It is now on a threshold to make the big jump into the super league. Mr R Chandrasekaran of General Insurance Council of India outlines what the non-life insurance industry has achieved over the years and what remains to be tapped.

    Source : AIR | 01 Jan 2018
  • Environmental Insurance in Asia: Regulatory and public scrutiny will drive take up rates

    With growing environmental consciousness worldwide, companies need to face up to the potential pollution impacts of their business activities on their surroundings and protect themselves from potential liabilities. We spoke with Mr Arthur Lu, Allianz Global Corporate & Specialty’s (AGCS) Head of Environmental Impairment Liability (EIL) on how this trend is shaping up in Asia.

    Source : AIR | 01 Oct 2017
  • SMEs still mostly an emerging business for insurers

    SMEs, still uninsured or underinsured, and with minimal or little risk management strategies, are unaware of how precarious their survival is should the next big risk come along. 

    Source : AIR | 01 Oct 2017
  • Modelling more man-made risk

    AIR Worldwide’s President Bill Churney discusses the advances made in casualty and cyber modelling.

    Source : AIR | 01 Oct 2017
  • Regulatory changes the way of non-life

    China’s non-life insurance industry has traditionally been underpinned by motor insurance, but that is changing. We spoke to Mr Qin Lu, CEO for both Aon Benfield Greater China and Aon Risk Solutions, China at the recent Rendez-vous de Septembre for his perspective on the industry’s new growth opportunities and the impact of regulatory developments on the mainland.

    Source : AIR | 01 Nov 2017
  • When honchos scurry for cover

    Directors and officers of companies run the risk of making difficult and complex decisions about how to run their businesses, often with little information at hand. Mr Alexander Blom of AIG explains why D&O insurance is increasingly becoming a priority in boardrooms across the region.

    Source : MEIR | 01 Nov 2017
  • The conundrum of awareness and claims

    The rise in awareness, coupled with difficult economic conditions, will see an increased appetite for professional indemnity cover and claims. But Mr David Summers of Cunningham Lindsey explores why the increased awareness is not reflected in the timely presentation of claims.

    Source : MEIR | 01 Nov 2017
  • Turkey: MTPL insurance losses to exceed $500 mln

    Expected losses in motor mandatory third-party liability (MTPL) insurance will still exceed TRY2 billion (US$548.9 million) for the year despite steps taken by the government to improve the business, including setting up a high-risk auto insurance pool.

    Source : MEIR | 01 Nov 2017
  • Heightened consumer awareness a boost for product liability insurance

    Asian companies tend to be reactive than proactive when it comes to product liability risks. Mr Gary Ow of HDI Global SE, Singapore, gives an overview of this insurance in Asia today.

    Source : AIR | 01 Dec 2017
  • South Korea: Local insurers to play bigger role in corporate plans

    The domestic insurance market is expected to continue to play an increasingly important role in large corporate insurance programmes, says Aon in its annual Asia Market Review.

    Source : AIR | 01 Mar 2018
  • Malaysia: Non-life market to see continued subdued growth

    The general insurance sector has continued to be resilient in 2017, posting a 0.1% decrease in GWP to MYR17.65 billion (US$4.5 billion) for 2017, helped by positive growth in the second half of the year.

    Source : AIR | 01 Mar 2018
  • Malaysia: Online system allows bosses to buy worker insurance easily

    Employers in Malaysia can now purchase insurance for foreign workers via a new online integrated system.

    Source : AIR | 01 Jun 2018
  • Blurred lines: Cyber insurance and the risks that come with it

    Cyber risks are everywhere as the world becomes more digitalised. Ms Cecilia Chang of GC&C Asia says while traditional policies may cover some cyber risks, there are serious gaps in that cover. A comprehensive cyber insurance solution is needed in such cases. 

    Source : AIR | 01 Jul 2017
  • Malaysia: More than 55% of firms lack business liability cover

    Less than half (45%) of Malaysian small and medium-sized enterprises and large companies currently have business liability cover although 64% of businesses are aware of it, according to a survey by Australia’s QBE Insurance Group.

    Source : AIR | 01 Aug 2017
  • Phillppines: Some insurers exposed to public school loans

    Salary loans to public school teachers has become a social issue, and four or five insurance companies have exposures in such loans, according to the insurance commissioner, Mr Dennis Funa.

    Source : AIR | 01 Sep 2018