Tag Search Result

  • Industry finds hope in the recommendations!

    It looks like happy days are here again for the reinsurance fraternity in India, as the Reinsurance Expert Committee (REC) has recommended that after GIC Re, insurers should be allowed to obtain the best terms simultaneously from Indian reinsurers, foreign reinsurance branches, Lloyds India and cross-border reinsurers that satisfy eligibility criteria.
     

    Source : AIR | 01 Jan 2018
  • 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
  • General Insurance Company of the Year - 21st Asia Insurance Industry Awards 2017: Apollo Munich Health - This Award inspires us to reach new milestones

    Awards are great! They are a mark of recognition given in honour of an achievement! Awards enhance a company’s brand reputation, instil confidence in customers about the quality and professionalism, and help employees take pride in their work. 
     

    Source : AIR | 01 Jan 2018
  • RM Vishakha: Balancing gender imbalance

    Gender and diversity is an intricate and nuanced matter for business and HR leaders to be mindful about. Specifically, in the context of the Indian insurance landscape, the key themes centre on creation of organic considerations for women across versatile job profiles, inclusion of the differently-abled, and monitoring synergies across generations.
     

    Source : AIR | 01 Jan 2018
  • GIC Re: Underwriting its future

    2017 was an eventful year for GIC Re. In an interview with Asia Insurance Review, Mrs Alice G Vaidyan, Chairman-cum-Managing Director, GIC Re, assesses their achievements during the year and their plans for the years ahead.
     

    Source : AIR | 01 Jan 2018
  • From India to the world

    J B Boda is India’s oldest reinsurance broker, having started operations in 1943, and has today established itself as a major player around the world. The company’s Chairman, Mr Atul Dhirajlal Boda, speaks on the journey so far and the future goals for the company. 
     

    Source : AIR | 01 Jan 2018
  • General insurance - in their own words

    Bridging the protection gap, underwriting risks at the right price and making insurance simpler and empathetic is what the Indian general insurance industry is looking forward to in 2019. Asia Insurance Review spoke to some Indian general insurance CEOs about their agenda for 2019.
     

    Source : AIR | 01 Jan 2019
  • Motor insurance in India in 2018

    The biggest beneficiary of the current revamp of the Indian motor insurance segment should be the customer - who should get better customised and more cost-effective products.
     

    Source : AIR | 01 Jan 2019
  • Foreign reinsurers' branches - steady as she goes

    We speak to the heads of some of India’s foreign reinsurers’ branches to see how their first full year of operations panned out.
     

    Source : AIR | 01 Jan 2019
  • Is Indian healthcare healthy?

    The Indian healthcare system is a study of contrasts. With its strengths and weaknesses, it rolls on to provide adequate healthcare for 1.3bn Indians.
     

    Source : AIR | 01 Jan 2019
  • People on the move

    Source : AIR | 01 Oct 2017
  • Millennials: Get them on board

    The insurance industry does not figure on any list of preferred employers. We speak to different stakeholders on how to win talent, especially the millennials, over. 
     

    Source : AIR | 01 Oct 2017
  • View from India: Mental health insurance

    The Insurance Regulatory and Development Authority of India’s recent circular to insurers to include mental illnesses in health insurance policies is just the beginning. Challenges abound as India prepares to provide access to mental healthcare to 15% of its population who need active interventions for one or more mental health issues.
     

    Source : AIR | 01 Oct 2018
  • Insurance: the future will be transformed by human capital

    With lots of technological ‘disruptions’ happening in the insurance industry, it needs to look at how to ‘insure’ its own future. Asia Insurance Review speaks to some insurance HR professionals for their views on how best the industry can marshal its present and future human resource to its best advantage.
     

    Source : AIR | 01 Oct 2018
  • Traffic violations could lead to spikes in motor insurance premiums

    As penalties for traffic violations rise steeply, Insurance Regulatory and Development Authority of India has been looking at how to rein in risky driving by linking traffic violations with vehicle insurance premium.
     

    Source : AIR | 01 Oct 2019
  • Greying China and healthcare interventions

    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? 
     

    Source : AIR | 01 Oct 2019
  • Indian Insurance: Promote prevention

    To tackle the rising threat of natural ‘urban’ catastrophes and ensure that the gains made by the fast developing Indian insurance industry are not wasted, it needs to promote a culture of loss prevention.
     

    Source : AIR | 01 Nov 2017
  • People on the move

    Source : AIR | 01 Nov 2017
  • 114 students conferred PGDM by National Insurance Academy

    114 students of 2014-16 and 2015-17 batches of PGDM programme (Post Graduate Diploma Programme in Management) of National Insurance Academy (NIA), received their diplomas at the convocation held at the NIA campus in Pune on 16 September this year.
     

    Source : AIR | 01 Nov 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
  • Is Indian insurance protectionist?

    As India awaits the release of new draft reinsurance regulations by IRDAI, we speak to Indian reinsurance veteran Mr R Raghavan.
     

    Source : AIR | 01 Dec 2018
  • View from India - Health insurance policies will be more customer friendly

    Indian health insurance companies can look forward to some ‘healthy’ times.
     

    Source : AIR | 01 Dec 2018
  • Bridgestone executive Robert Cartwright Jr appointed RIMS' 2018 president

    The Risk & Insurance Management Society Inc (RIMS) has appointed Mr Robert Cartwright Jr, an executive at leading tyre company Bridgestone, as its president for the 2018 term.
     

    Source : AIR | 01 Feb 2018
  • Institute of Risk Management expands footprint to Asia

    The London-headquartered Institute of Risk Management has appointed its first “ambassadors” in India, as it seeks to expand its international footprint into Asia. It comes on the back of the organisation’s inaugural visit to China last month. 
     

    Source : AIR | 01 Feb 2018
  • View from India - Advertising campaigns and insurance awareness

    Indian insurance, with a history stretching back 200 years, is like a jigsaw puzzle. But some parts of the puzzle are missing.
     

    Source : AIR | 01 Feb 2019
  • ILS potential within Belt and Road Initiative

    Asia Insurance Review spoke with ECIS-focused Bermudian ILS specialist Phoenix CRetro chief executive Kirill Savrassov about insurance-linked securities as a risk transfer option for BRI.
     

    Source : AIR | 01 Feb 2019
  • Rajesh Sud: 17 going on 18!

    Mr Rajesh Sud, Executive Vice Chairman & MD of Max Life Insurance Company, is among the rare breed of CEOs to have survived in the top management space for over 17 years in one of India’s leading life insurance companies. He has seen the development of the life industry from close quarters since its liberalisation in 2000 and gives us his perspective of the industry.
     

    Source : AIR | 01 Mar 2018
  • Shuzo Sumi named as IIS' Hall of Fame Laureate

    The International Insurance Society (IIS) has announced Mr Shuzo Sumi, Chairman of the Board of Tokio Marine Holdings, as the 2018 Insurance Hall of Fame Laureate. Mr Sumi will be honoured at the 9 July gala awards dinner taking place at the IIS Global Insurance Forum at the InterContinental Hotel in Berlin, Germany, 8-11 July.
     

    Source : AIR | 01 Mar 2018
  • New reinsurers are the flavour of the season!

    Market participants in India have now transcended from finding the ideal reinsurance partner globally to having them in India itself! It is indeed ‘The New World of Reinsurance in India’.
     

    Source : AIR | 01 Mar 2018
  • Insurers have a role in road safety

    If a jumbo jet with 400 passengers crashes, it makes breaking news. 400 deaths on Indian roads every day however, go unnoticed. Two insurance companies are doing their bit to improve road safety, a much neglected public health issue which is largely preventable.
     

    Source : AIR | 01 Mar 2018
  • IFoA on UN sustainability goals

    Asia Insurance Review speaks to Ms Marjorie Ngwenya, President of Institute and Faculty of Actuaries, UK, as she shares her views on IFoA’s new initiatives, her vision for the future of the profession, pricing and affordability of insurance, India and emerging risks. 
     

    Source : AIR | 01 Mar 2018
  • Asia's Pandora's box

    There is unfortunately no magic wand that can provide a solution to the healthcare woes of Asia: ageing demography, rising lifestyle/non-communicable diseases, environment and pollution related afflictions, galloping medical inflation and many more. Can the spirit of compassionate capitalism be invoked to achieve a more inclusive, sustainable and affordable healthcare industry for Asia? What can insurers do?
     

    Source : AIR | 01 Mar 2018
  • Healthcare in Asia: A storm in the making!

    Asia Insurance Review speaks to reinsurers, insurers, brokers, health evangelists and medical management solution providers to understand the healthcare problems in Asia and the way forward.
     

    Source : AIR | 01 Mar 2018
  • RIMS' President Robert Cartwright, Jr: Attracting the next generation

    Mr Robert Cartwright, Jr is the 2018 President of RIMS, the risk management society™, and the Division Manager –Environmental, Health, Safety & Sustainability – Northeast Division at Bridgestone Retail Operations.
     

    Source : AIR | 01 Mar 2018
  • Lloyd's: Seeking sustainable pricing for all

    On the sidelines of the 11th India Rendezvous 2018 in Mumbai, Ms Inga Beale, CEO of Lloyd’s of London, shared with us her thoughts on the global (re)insurance markets, especially in emerging Asia, and their focus on achieving a sustainable pricing for all. 
     

    Source : AIR | 01 Mar 2018
  • Not disruption, but continuous evolution

    With a record 700 delegates from 38 countries, hectic networking, engrossing discussions and effective bilateral meetings, the 12th India Rendezvous, Reinsurance: Disrupted, in Mumbai from 22 to 24 January set important milestones. 
     

    Source : AIR | 01 Mar 2019
  • Indian reinsurance regulations 2018

    The Insurance Regulatory and Development Authority of India released revised reinsurance regulations. Apprehension and misinterpretation still exist, however. 
     
     

    Source : AIR | 01 Mar 2019
  • 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
  • India's actuarial pioneers

    K A Pandit Consultants & Actuaries is India’s oldest actuarial firm and it is celebrating its 75th Anniversary this year. The firm is today a major player in the Indian market where it operates in the life insurance, non-life insurance and employee benefits space, and is also a member of Abelica Global, a global consortium of actuaries. We speak to Mr Dharmendra K Pandit, partner, on the journey so far and the role of actuaries in today’s highly automated industry.
     

    Source : AIR | 01 Apr 2018
  • Bajaj Allianz General: Human touch is still important despite digitisation

    As India progresses economically and the country’s insurance penetration rises, what does the Indian customer expect from their insurers? Can technology and digitalisation be a “cure-all” solution for customers’ expectations? How to fulfil all these expectations and still be profitable? Mr Tapan Singhel, Managing Director & CEO, Bajaj Allianz General Insurance Company, shares his views on these crucial issues with Asia Insurance Review. 
     

    Source : AIR | 01 Apr 2018
  • AXIS Re: Committed to Asia

    AXIS Re combines the agility of a mid-sized company with the sophistication of a global player. Set up in 2001, it is now emerging as a serious player on the Asian reinsurance turf as well. Asia Insurance Review speaks with the new CEO of AXIS Re, Mr Steve Arora, to understand more about the reinsurer’s Asian commitment.
     

    Source : AIR | 01 Apr 2018
  • The health of health insurance is improving

    The latest IRDAI annual report addresses the wide gap that exists between group and individual categories.
     
     

    Source : AIR | 01 Apr 2019
  • CAT bonds can bridge the protection gap

    Asia Insurance Review spoke with two insurance-linked securities experts to discuss the feasibility of CAT bonds as a risk transfer mechanism in China.
     

    Source : AIR | 01 Apr 2019
  • Reinsurers: Good corporate citizens

    National Reinsurance Corporation of the Philippines’ Mr Augusto Hildalgo illustrates how AI, digital transformation, climate change, talent crunch and pricing are playing out in this fast-developing market.

    Source : AIR | 01 May 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
  • Insurance literacy: Mind the gap

    Philippine Insurers and Reinsurers Association chairperson, Ms Rebecca B Dela Cruz, on the importance of insurance literacy, microinsurance and crop insurance.
     

    Source : AIR | 01 May 2018
  • Indian insurance: Going on 18

    View from India. As Indian general insurance turns 18 and acquires the adulthood tag, a look at what it achieved in 2017-18 and what it looks forward to.
     

    Source : AIR | 01 May 2018
  • From perilous cyclones to pervasive iPhones - a market to be tapped

    The Philippine’s insurance commissioner Mr Dennis Funa talks frankly about the challenges facing the industry as well as the tremendous growth opportunity it faces.
     

    Source : AIR | 01 May 2018
  • Greying population and gap in pension funding are major challenges

    The increase in longevity and the declining birth-rate is leading to a rapidly greying population in China.
     

    Source : AIR | 01 May 2019
  • Demographic advantage - a boon or bane?

    Can India utilise its ‘being young’ advantage to achieve a sustainable and healthy growth in the decades ahead?
     

    Source : AIR | 01 May 2019
  • People on the move

    Source : AIR | 01 Jun 2017
  • A simpler world of insurance

    Asia Insurance Review speaks with Digit Insurance appointed actuary Adarsh Agarwal on its mission to create a new experience for neo consumers – a simpler world of insurance.
     

    Source : AIR | 01 Jun 2018
  • There's more to be done

    A look at how the insurance industry is responding to the growing spectre of climate change as it brings in more devastating natural catastrophes.
     

    Source : AIR | 01 Jun 2018
  • Asia health protection gap 10 times larger than forecast

    Delegates at the Institute and Faculty of Actuaries Conference 2018 in Bangkok were treated to a sneak peek at Swiss Re’s soon-to-be-published health protection gap in Asia study. The forthcoming study, due to be published in July, will show that the overall size of Asia’s health protection gap is a massive $1.8tn. 
     

    Source : AIR | 01 Jun 2018
  • Asia Employee Benefits & Insurance Conference in July (3-4 Jul 2018, Mandarin Orchard Hotel, Singapore)

    In the sharing economy with the empowered connected employee, the fight for talent is critical for success. Employee benefits is a game-changer in making companies become employers of choice. And many global MNCs have admitted that runaway employee benefits costs need to be controlled. A huge chunk of employee benefits is health costs and the recent headlines on Aetna, Apple, Amazon, JP Morgan Chase and Berkshire Hathaway moves in the healthcare arena is a sign of the times. 
     

    Source : AIR | 01 Jun 2018
  • Australia: Superannuation changes could save young workers US$377+ per year

    The 2018-19 federal budget, announced on 8 May, seeks to protect Australians’ superannuation savings from ‘undue erosion by fees and insurance premiums’. The move could save those aged below 25 up to A$522 ($377) per year, said the financial comparison site, Canstar.
     

    Source : AIR | 01 Jun 2018
  • Bangladesh: Government urged to promote farm insurance

    The Asian Development Bank has called on the government to scale up sustainable agriculture insurance in Bangladesh.
     

    Source : AIR | 01 Jun 2018
  • China: Regulator promises severe penalties for those who violate financial sector regulations

    The China Banking and Insurance Regulatory Commission (CBIRC) has warned that it would take a ‘high pressure’ stance to impose strict penalties and press for strict accountability in cases of violations of laws and regulations.
     

    Source : AIR | 01 Jun 2018
  • Indonesia: Protection life sales predicted to be flat this year

    Sales of traditional life insurance products are predicted to be flat this year, the Indonesian Life Insurance Association (AAJI) has projected. Premiums from this segment are expected to grow marginally or remain at around the 2017 level. 
     

    Source : AIR | 01 Jun 2018
  • Japan: Insurers consider backing off from loans and investments to coal sector

    Japanese insurance companies are mulling limits on coal-fired power financing, reported Bloomberg.
     

    Source : AIR | 01 Jun 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
  • Myanmar: Insurance demand to increase with growing banking network

    The insurance sector is looking forward to more business as banks are opening more branches in new areas in Myanmar to chase market share. 
     

    Source : AIR | 01 Jun 2018
  • Thailand: Regulator to set up platform to develop InsurTech

    The Office of Insurance Commission (OIC) will set up and administer the Insurtech Centre of Thailand (ICT) soon for data collection, technology exchange and insurance product development. 
     

    Source : AIR | 01 Jun 2018
  • Vietnam: Farmers to get premium subsidy for agriculture cover

    Farmers from poor or near poor households will receive support of up to 90% for agriculture insurance premiums from the government, according to a new resolution issued by the authorities.
     

    Source : AIR | 01 Jun 2018
  • Lloyd's underwriters told to stop insurance linked to NRA

    Lloyd’s of London has said it will direct underwriters to terminate all insurance offered, marketed, endorsed or otherwise made available through the National Rifle Association (NRA) of America.
     

    Source : AIR | 01 Jun 2018
  • Study says insurance industry dangerously unprepared for extreme weather

    As historic flooding caused by climate change devastated communities in Canadian states of New Brunswick and British Columbia, new research from the University of Waterloo revealed that the insurance industry has not considered a changing climate in their practices, putting homeowners at financial risk.
     

    Source : AIR | 01 Jun 2018
  • India holds great potential for travel insurers

    India offers great potential for travel insurers. As India emerges as a net exporter of tourists, the business of insuring them is set to grow substantially and this could be a significant growth business.
     

    Source : AIR | 01 Jun 2018
  • Has the time come for Indian CAT bonds?

    Excellent management of cyclone Fani by the eastern Indian state of Odisha, has become a text-book example of how to manage natural catastrophes although the government is now faced with the task of post-disaster reconstruction. 
     

    Source : AIR | 01 Jun 2019
  • Committed to diversity

    A scathing report by Bloomberg a few weeks ago about the existence of an ‘old boys club’ in Lloyd’s of London showed that we still have a long way to go when it comes to diversity and equality. 
     
    Guy Carpenter logo

    Source : AIR | 01 Jun 2019
  • People on the move

    Source : AIR | 01 Jul 2017
  • View from India: Prevention is better than cure

    Any step by the Indian insurance industry to support government efforts to reduce the carnage on Indian roads due to mounting road accidents would only add to their profitability.
     

    Source : AIR | 01 Jul 2018
  • Alive and vibrant

    Life reinsurers evolve in response to new and more complex risks. They increase their value by taking advantage of their comprehensive understanding of risks and adopting a positive attitude towards innovation. Asia Insurance Review speaks with four global reinsurers to understand their expansion, innovation, risk appetite, technology and market support strategies.
     

    Source : AIR | 01 Jul 2018
  • Non-communicable diseases: When death isn't catching

    Non-communicable diseases do not make headlines like infectious epidemics but they are responsible for over 70% of deaths every year globally. China has the ‘dubious’ distinction of being the global leader in non-communicable diseases. 
     

    Source : AIR | 01 Jul 2019
  • Could some Asian cities end up underwater soon?

    Several Asian coastal cities face the twin threats of rising sea levels and land subsidence due to over-exploitation of groundwater. Plans are afoot to relocate fast-sinking cities like Jakarta.
     

    Source : AIR | 01 Jul 2019
  • People on the move

    Source : AIR | 01 Aug 2017
  • Asia: Tan Suee Chieh elected to council of IFoA

    Mr Tan Suee Chieh, a veteran in the insurance industry and previously Group Chief Executive of NTUC Enterprise, has been elected to the council of the Institute and Faculty of Actuaries (IFoA), the only chartered professional body dedicated to educating, developing and regulating actuaries based both in the UK and globally.
     

    Source : AIR | 01 Aug 2017
  • Sri Lanka: New regulator outlines priorities

    Insurance Regulatory Commission of Sri Lanka chairman Mano Tittawella reveals that increasing awareness and building public confidence about insurance are his priorities. He is also a strong proponent of the involvement of foreign players in developing the local market.
     

    Source : AIR | 01 Aug 2018
  • InsurTechs in China - A promising scenario

    In China, both InsurTechs and traditional insurers are leveraging digital technology to tap unexplored areas to bring better and specialised insurance services to customer and boost China’s insurance penetration.
     

    Source : AIR | 01 Aug 2018
  • InsurTech: Not revolution but evolution

    They create a better experience for insurance customers by catalysing innovation and technological advancement in the insurance industry. We speak to an incumbent insurer and an InsurTech to get a balanced view of the true potential of Insurtech.
     

    Source : AIR | 01 Aug 2018
  • View from India: Hotspots will be hot to handle

    Eight hundred million people in South Asia are at risk since the areas in which they live are projected to become ‘moderate’ to ‘severe’ hotspots by 2050 according to a World Bank study ‘South Asia’s Hotspots’. Six hundred million of these live in India.
     

    Source : AIR | 01 Aug 2018
  • Whither the Indian life insurance industry?

    The potential of the Indian insurance market is virtually endless. As the industry completes two decades in the liberalised regime, how will the Indian life insurance industry shape up in the years ahead? 
     

    Source : AIR | 01 Aug 2019
  • AI-assisted healthcare - myths and realities

    The rapidly aging 1.4bn strong Chinese population has the largest number of people suffering from non-communicable diseases, which is putting immense pressure on China’s healthcare system. 
     

    Source : AIR | 01 Aug 2019
  • 100% FDI in insurance intermediaries - wait and watch

    India is initiating moves to attract more foreign direct investment. How will it unfold? We will have to wait and see.
     

    Source : AIR | 01 Aug 2019
  • People on the move

    Source : AIR | 01 Sep 2017
  • Asian Insurers: Greater Expectations!

    Reinsurers play an increasingly important role in most insurance markets in Asia and each year the expectations grow. So this year, in our coverage to kick start the renewal season with Monte Carlo, we polled a team of “seven wise” insurers around the region from big and small markets to gauge their expectations. Reinsurers have big shoes to fill. The market awaits.
     

    Source : AIR | 01 Sep 2017
  • View from India: To be simpler and to cover more

    Health insurance policies in India are set to become simpler with minimal exclusions. Also, with greater use of technology by insurers, policyholders can look forward to better services.
     
     

    Source : AIR | 01 Sep 2018
  • Asia readies for a 'silver' tsunami

    As Asia’s elderly population, (re)insurers in Asia address the healthcare needs of their ‘silver’ customers. How is the industry helping with ‘healthy ageing’.
     

    Source : AIR | 01 Sep 2018
  • Short spells of extreme rainfall cause more damage

    The impact of floods in India is set to get more devastating due to climate change and poor civic infrastructure. It would need a herculean effort to prevent the loss of lives and control the damage the floods inflict even as our vulnerability increases. 
     

    Source : AIR | 01 Sep 2019
  • Agriculture insurance is transforming in China

    China’s agriculture insurance continues to grow rapidly and is likely to stabilise at 10-15% in the years ahead. China is also piloting new agriculture insurance schemes such as special crop and livestock insurance, price insurance and revenue insurance. 
     

    Source : AIR | 01 Sep 2019
  • Genetic testing - an opportunity to improve patient experience

    Some view it as an emerging risk for the (re)insurance industry while others see it playing an important role in patient care and disease management. 
     

    Source : AIR | 01 Sep 2019