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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
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
General insurance bucks the slowdown in the economy
India’s non-life sector continues its steady progress and could exceed $280bn in gross premiums in 2019-20.
Source : AIR | 01 Jan 2020
Insurance and resilience building for natural disaster preparedness
Every time there’s a catastrophic natural disaster in India, it is proclaimed to be once in a 100 year event. ‘It won’t affect us’ is the common refrain and life goes on, until the next disaster strikes.
Source : AIR | 01 Jan 2020
Plenty of potential and promise ahead
GIC Re’s Reena Bhatnagar talks about the progress made in climate change, the corporation’s recent loss and performance.
Source : AIR | 01 Jan 2020
Is India ready to get 'old'?
As India’s demographic dividend wanes and the nation grows older, the health insurance industry will have an important role in keeping India’s silver generation healthy.
Source : AIR | 01 Jan 2020
When will the woes of Indian farmers end?
Government, insurers and reinsurers need to work out a model that will be sustainable in the long term and also provide solace to farmers in distress.
Source : AIR | 01 Jan 2020
Hong Kong unrest and rising political risks
We spoke with Willis Towers Watson’s Stuart Ashworth about how the insurance sector is responding to the developing political risk scenario in Hong Kong.
Source : AIR | 01 Jan 2020
New health insurance regulations - a good prescription
Peak Re’s Janice Ye explains what the CBIRC’s new revised health insurance regulations mean for Chinese health insurers and the health insurance customers.
Source : AIR | 01 Jan 2020
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
Sri Lanka: Innovation can make a difference
With a free universal healthcare system, Sri Lanka has achieved successful health indicators. It also faces an increasing burden of non-communicable diseases, which without a wide base of health insurance, becomes quite challenging.
Source : AIR | 01 Dec 2019
Nepal - A long way to go yet
Health insurance in Nepal is still in its infancy covering around 10% of the population. Overall about 15-18% of Nepalese people have some form of insurance cover.
Source : AIR | 01 Dec 2019
Banking crisis and insurance industry - view from India
Minor aberrations apart, the recent crisis in India’s banking industry does not appear to have impacted the Indian insurance industry.
Source : AIR | 01 Dec 2019
Will optimism transform into opportunities?
The recent relaxations in its financial regulations take China a step closer to an open economy. The relaxations, which touch the insurance industry too, have resulted in a lot of optimism for the foreign insurers.
Source : AIR | 01 Dec 2019
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
How life insurance has evolved in 10 years: South Korea - Innovation is the only way out
In South Korea in the last decade, annuities, life insurance savings and whole life insurance products lost market share. The only hope lies appears to be in innovative life insurance protection and long-term healthcare and wellness products.
Source : AIR | 01 Feb 2020
China prepares for the 'silver' tsunami
China’s insurance regulator has initiated steps to put in place a durable insurance-protection strategy for its rapidly ageing population so that the country is prepared for the ‘silver’ tsunami.
Source : AIR | 01 Feb 2020
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
Reassurance on reinsurance
The direct financial impact of COVID-19 outbreak on the (re)insurance industry is likely to be limited.
Source : AIR | 01 Mar 2020
COVID-19: Limited impact on Chinese insurers
The World Health Organization’s tag of global health emergency on the COVID-19 virus outbreak in China notwithstanding, the loss impact on the country’s insurance market is likely be limited.
Source : AIR | 01 Mar 2020
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
Hong Kong: HSBC Insurance expands beneficiary definitions to same-sex couples
Source : AIR | 01 Jun 2018
India: Call for better crop data to attract reinsurers
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.
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
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
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
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