Global insurer Allianz announced its consolidated results for the Asia Pacific region for the year ended 31 December 2020, showing that total operating profit for Asia increased by 15.4% (19.0% w/o F/X impact) to EUR551m ($666.4m) compared to 2019.
Life insurance is the most preferred financial tool by individuals across India today.
The health protection gap in Asia was valued at $1.8tn in 2017, 10% of average household income, and is projected to widen more quickly and may become more persistent.
The majority of insurance advisers in Asia are optimistic about the economy, the outlook for the life insurance industry and sales growth, despite being in the midst of a pandemic, according to a survey conducted by Sun Life. It also finds that COVID-19 is having a polarizing effect in the industry as digital becomes a critical tool for sales performance.
S&P Global Ratings says that it believes there remains high, albeit moderating, uncertainty about the evolution of the coronavirus pandemic and its economic effects.
About 20% of Mumbai Metropolitan Region's (MMR) coastline is vulnerable to annual flooding during natural disasters and from a gradual rise in the sea level according to a new study.
Singapore has seen nearly 8.5m web threats in 2020, an 82% increase from the 4.6m in 2019, according to the latest research from Kaspersky. Despite this seemingly high number, the nation places sixth in Southeast Asia - the lowest in the region - and 154th globally, when it comes to the dangers associated with surfing the internet.
Indian general insurer ICICI Lombard has launched a 'corporate India risk index' to help companies understand the level of risk that their business is facing. The index will also assist the companies in developing a successful risk-aversion plan.
Global insurer Allianz yesterday announced its consolidated results for the Asia Pacific region for the year ended 31 December 2020, showing that total operating profit for Asia increased by 15.4% (19.0% w/o F/X impact) to EUR551m ($666.4m) compared to 2019.
With the COVID-19 outbreak, life insurers across the globe have witnessed an acceleration of a digitally enabled model of distribution. V. Viswanand, Deputy Managing Director, Max Life Insurance, shares in this article how life insurers can transform into a new-age digital hybrid sales distribution model post COVID-19.