With digital adoption becoming mainstream, customers can now do their own research on policy options via digital channels. The trust equation between insurers and customers has therefore shifted as agents/brokers are no longer the primary or exclusive source of information when it comes to purchasing insurance.
India is facing its worst threat from locusts in almost 26 years as huge swarms have destroyed over 50,000 hectares of agriculture land in seven states and moving rapidly further into the countryside.
Mr Lee Yuan Siong today (1 June) assumed the role of Group Chief Executive and President of AIA Group and joined the Company's Board of Directors. He succeeds Mr Ng Keng Hooi, who has retired from his executive positions with the Company.
The PreceptsGroup is the new brand name of the Rockwills Singapore Group with effect from 28 January 2020. Mr Lee Chiwi, CEO, PreceptsGroup International, shares with Asia Advisers Network his vision and why financial practitioners should partner the Group to deliver holistic solutions to clients.
Specialist insurer Markel has recently appointed Pek Hui Zhi as terrorism underwriter for Asia.
Canopius has announced the appointment of Craig Elliott as Casualty Underwriter for the region, effective May 4. He will report to Claudio Saita, head of Australia & Pacific, and will be based in the company's Sydney office, established last June as part of its expansion across the Asia Pacific region.
The finale of the season #MunchwithJenandBen summed up nicely with an "Ask us anything" segment. Together with co-hosts Jensen Siaw, International Motivational Speaker, Benjamin Ang, Editor and Ken Kish, Owner of Munch Munch, regular featured guest, Coach Joshua Luke joined in the trio for a casual and fun night.
Ensuring the mental well-being of its staff has been a key factor in helping AXA navigate through the COVID-19 pandemic, its CEO for Asia Gordon Watson told Asia Insurance Review recently.
Much of the focus on COVID-19 has been negative. The pandemic and consequent containment measures have had dire repercussions.
Insurers in India and Bangladesh already overwhelmed by the impact of COVID-19 on their operations and businesses are now facing a bigger challenge in dealing with the claims arisng from super cyclone Amphan that has destroyed large tracts of land and property in eastern India and southern Bangladesh.