Health is wealth
Vietnam
New insurance law to provide impetus to market
New regulations restore confidence in insurance market
Market transformed by economic growth and rising climate risks
Immense untapped potential despite bottlenecks
Health and protection products on top agenda for life insurers
Insurers can add value to organisations' employee benefit programmes
Rising cancer incidence rates contribute to higher medical costs
Transforming health insurance and healthcare in Sri Lanka
Cost pressures and reform drive change in Singapore's health insurance market
Hong Kong insurers face inflation, ageing population pressures
Predictable cost and transparency can empower healthcare decisions
Seven trends reshaping international private health insurance in 2026 and beyond
Early detection and best cancer outcomes through AI
Rising health insurance costs for Indian seniors
Gen Z's mini retirements are an opportunity for insurers
Singapore Re among highest rated reinsurers in Asia
General
Why 2026 is the year of interconnected risks in Asia
View from India: Innovation and resilience driving India's non-life sector
Energy transition leads APAC insurer investment trends
Driving industry growth in the Maldives
Agriculture insurance drives rural income and bolsters economy
India Rendezvous 2026: India's evolution roadmap to Vision 2047
A decade later, claims for the Tohoku earthquake are still ongoing
Asian
APAC: Governments push insurance to close disaster risk gap
Australia: Superannuation system failing to turn savings into retirement income
Asia: Insurance rates decrease 5% in 4Q2025, says Marsh
Philippines: Rising demand for protection pushes insurance premiums past new milestone in 2025
Klapton Re enters Chinese market
Products and alliances
People on the move
By Cheng Xin Yap, Tharan Ganesan, and Tananya Santipinyolert
Recent floods in major cities around Southeast Asia and other parts of the world have reopened the conversation on flood coverage in insurance products. This year alone Malaysia, Pakistan, and South Korea have all witnessed the worst floods to hit their shores in decades. As it stands, it is estimated that only 18% of all economic losses from floods in the past decade were insured.
A specially curated webinar led by Milliman US-based data analytics specialists
Well-managed actuarial outsourcing offers a viable solution to meet the increasing demand for actuarial resources
By Subhash Khanna and Shamit Gupta
No insurance product has been as adversely affected by the COVID-19 pandemic as travel insurance. Travel and social restrictions both within and without countries were introduced and are still in force in an effort to curb the spread of the virus. With the lack of travel came a precipitous drop in travel insurance premium volumes. However, global vaccination rollouts have provided a glimmer of hope for worldwide travel, sparking a conversation on the evolution of travel insurance in a post-pandemic world. In this brief article Milliman consultants explore how ASEAN countries have been gradually opening up their borders, along with the progress shown by insurers in the region to adapt to the evolving situation and its repercussions for the travel insurance products of tomorrow.
Over the past two decades our lives have been transformed by the information-rich Internet. At the hearts of digital giants like Google, Facebook, Amazon, Airbnb and Netflix we often find some ranking and filtering algorithms that use customer attributes to improve and customize predictions.
By Lalit Baveja, Principal and Senior Healthcare Management Consultant, Milliman
Last year, Milliman developed a Hong Kong fulfillment ratio index to understand the gap between illustrated non-guaranteed benefits at point of sale and actual non-guaranteed benefits declared by life insurance companies in Hong Kong.
Milliman’s annual study on reported year-end 2019 embedded value (EV) and value of new business (VNB) results for 53 major multinational and domestic life insurers across Asia was released in August 2020.
Medical inflation is a key driver of health insurance costs which in turn lead to premium increases. Health insurance companies are continuously looking for ways to manage medical inflation better to keep premiums competitive for customers and to mitigate lapses.
The first edition of Milliman’s Life insurance capital regimes in Asia: Comparative analysis and implications report was published in July 2019. Well received by the market, as the first of its kind, the report has been referred to and cited several times over the last year. In view of the pace of change in, and increasing focus on, regulatory (and economic) capital across the region, Milliman has compiled an updated report a year later.
In Indonesia, insurance compliant with Syariah principles can be sold through either a Syariah business unit or “window” of a conventional insurance company or, less commonly, through a standalone Syariah insurance company. Insurance Law 40, enacted in 2014, mandates insurance companies to separate their Syariah windows from their conventional business into a separate entity, to “spin-off,” when:
Insurers and reinsurers have been outsourcing actuarial work to captive units or third-party service providers for several years. Recently the industry has witnessed renewed interest in actuarial outsourcing, with an increasing number of companies either setting up new outsourcing units or expanding their existing ones. This trend is especially true for life insurance companies, especially in light of increasing regulatory and reporting requirements, including International Financial Reporting Standard (IFRS) 17, long-duration contracts targeted improvements (LDTI), and new risk-based capital regimes in Asia