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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
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
Bangladesh: Strident call for insurance reform
Stringent monitoring and evaluation of the regulatory framework is required to create standards that can help curb corruption and negligence by insurers, said Mr Mamun Rashid, an economic analyst and partner at PwC.

Source : AIR | 01 Jan 2018
Echo Re targeting more Asian business
Dr Peter F Hugger is the man at the helm of Echo Re since February 2012. Having spent a considerable part of his 30-year professional life in Asia, with some of the top names in the reinsurance business, he is now ready to chart a new course for Echo Re in Asia, where the company already has a big presence and where he believes lies the opportunity for international players like his. He speaks to Asia Insurance Review on his new plans and strategy for the region, and the future ahead for his company.

Source : AIR | 01 Dec 2017
Bangladesh - GDP forecast to grow at average 6.7% a year in next 2 years
The World Bank has painted a brighter picture for Bangladesh’s economy for the next two fiscal years, on the back of strong domestic demand, exports, investments and remittances.

Source : AIR | 01 Feb 2018
Bangladesh: New law makes insurance mandatory for shipbreakers

Source : AIR | 01 Mar 2018
Look out for these what-if scenarios - WEF's 10 potential future shocks
The growing complexity and interconnectedness of our global systems can lead to feedback loops, threshold effects and cascading disruptions. Sudden and dramatic breakdowns – future shocks – become more likely, according to the Global Risks Report 2018 published by the World Economic Forum.

Source : AIR | 01 Mar 2018
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
Bancassurance blockbuster partnership
Bancassurance is one of the main distribution channels for insurers in South Asian markets. We speak to some major players to get their perspective on the state of the market and the future for bancassurance.

Source : AIR | 01 May 2018
Bangladesh: Airline receives compensation for crashed plane
State-owned Sadharan Bima has paid $0.7m in the first tranche of the compensation payable for the US-Bangla Airlines plane that crashed in Kathmandu on 12 March.

Source : AIR | 01 May 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
Bangladesh farmers can now breathe easy
Bangladesh suffers largely from the vagaries of nature with frequent droughts, flooding and storms that take a heavy toll on the farming community, whose livelihood is affected causing extreme distress and social unrest. We speak to Messrs Arup Chatterjee and Md Mortaza Golam from ADB on the impact of the crop insurance scheme and the experiences from the market.

Source : AIR | 01 Jul 2018
Bangladesh: Government removes VAT on insurance agent commission
Finance Minister AMA Muhith has proposed the withdrawal of a 15% value added tax on the commission of insurance agents to ensure that they are not taxed twice.

Source : AIR | 01 Jul 2018
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
South Asia: A booster dose for agriculture insurance
The impact of climate change is making life increasingly difficult for farmers in South Asia. We look at a few markets in the region to understand the impact of agriculture insurance on the local population.
- The Pradhan Mantri Fasal Bima Yojana scheme
- Green Delta Insurance’s weather index-based agriculture insurance and yield index-based agriculture insurance.
- Agricultural and Agrarian Insurance Board’s cover for farmers of six crops - rice, onions, potatoes, chillies, maize and soybeans.
Source : AIR | 01 Sep 2018
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

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