Tag Search Result

  • Asia: Microinsurers cite profits, branding and CSR as goals

    Most respondents to a recent survey on microinsurance in the Philippines, Indonesia and Sri Lanka, place more importance on “Business (profitability)” as their reason for entering this market, said FALIA (The Foundation for the Advancement of Life & Insurance Around the world). But most also gave some weight to “Branding” or “CSR” (corporate social responsibility) as a reason.

    Source : AIR | 01 Jan 2018
  • The capital efficiency gap

    Underinsurance is a problem, but not all of it represents a protection gap. Mr Greg Lowe at Aon and Mr George Attard at Aon Benfield Analytics International explain.

    Source : AIR | 01 Dec 2017
  • Interview with the Nepalese Regulator: A proactive regulator bodes well for the market

    In this exclusive interview with Mr Chiranjibi Chapagain, Chairman of the Beema Samiti (Insurance Board), he shares with us what he has done so far since he came on board in Jan 2017 and his thoughts and plans going forward.

    Source : AIR | 01 Dec 2017
  • Nepal: New companies add lustre to market

    The Finance Ministry of the government of Nepal granted operating licences to nine new life insurers and issued letters of intent to three non-life insurers which created a huge buzz in the market. Some of these companies have been waiting for almost a decade for approval from the government and this move has been seen as a bold step which experts believe will increase insurance awareness and penetration across the country. We speak to two senior level executives from the industry on the state of the market and the way ahead for the industry.

    Source : AIR | 01 Dec 2017
  • Bangladesh: Insurance industry takes flight

    Regardless of Bangladesh’s political and economic challenges, the insurance industry has huge potential for growth and shows no signs of slowing down in the year ahead. The market currently has two state-owned companies, 45 private non-life and 31 private life insurers.

    Source : AIR | 01 Dec 2017
  • Bhutan: Industry maintains growth momentum

    The insurance industry in Bhutan, which is among the smallest countries in the world, has been growing at an average of 20% in the past five years and is expected to maintain this momentum going forward. There are currently two insurance companies operating in the market. GIC Bhutan Re is the sole reinsurer in the market.

    Source : AIR | 01 Dec 2017
  • Holistic approach to agriculture insurance key to seeking solutions for smallholder farmers

    The importance of strong coordination among industry and supervisory bodies as well as aggregators involved in the provision of agriculture insurance was emphasised by forum panellists at the 11th Consultative Forum in Lima, Peru last month, where over 60 high-ranking representatives, from South and Central America, Africa and Asia, from the insurance industry and regulatory and supervisory bodies attended. 

    Source : AIR | 01 Dec 2017
  • Delivering 6,700% growth in microinsurance

    Mr Bert Opdebeeck of Microinsurance Master, shares the compelling tale of Pioneer Microinsurance’s success in the Philippines.

    Source : AIR | 01 Mar 2018
  • Philippines: High capital demands deter non-life players from microinsurance

    Nonlife insurance players are deterred from tapping opportunities in the microinsurance space for a number of reasons, chief among them the high minimum capital requirement, the Philippine Insurers and Reinsurers Association (PIRA) has said.

    Source : AIR | 01 Mar 2018
  • India's budget conundrum - Insuring 500 million

    The world’s largest government funded healthcare programme which is expected to benefit 500 million beneficiaries was announced by the Indian Finance Minister Arun Jaitley in his Budget proposal presented in February for the 2018-19 fiscal year (FY2019). We look at the challenges before the government in getting this programme off the ground and running.

    Source : AIR | 01 Mar 2018
  • The young are a tough nut to crack

    The Philippine Life Insurance Association’s George Mina provides a unique view of life insurance penetration and distribution channels in Philippines.

    Source : AIR | 01 May 2018
  • 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
  • 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
  • Indonesia: Regulator mulls ways to extend microinsurance reach

    Inadequate market reach is one constraint on the development of microinsurance in Indonesia, given the size of the country and its scattered islands, according to the Financial Services Authority (OJK).

    Source : AIR | 01 Sep 2017
  • Nepal Re: Readying for the long haul

    Nepal Re CEO Chirayu Bhandari provides a perspective on the challenges and strategies before the company.

    Source : AIR | 01 Sep 2018
  • The home of Everest beckons

    Nepal will be the host for the 21st AIRDC this month in Kathmandu.

    Source : AIR | 01 Sep 2018