Lower-for-longer interest rates have a number of implications for the credit profiles of Asia-Pacific (APAC) insurers, with the overall impact dependent on existing product mixes and investment portfolios according to a Fitch Ratings report published in April 2021.
Mental health problems caused by the COVID-19 infections will be the next pandemic according to a new study published by the Barcelona Institute for Global Health (ISGlobal) in March 2021.
The COVID-19 pandemic has pushed health and wellbeing to the forefront of consumers' concerns and there is an urgent need for cost-effective healthcare backed by insurance, said speakers on the opening day yesterday of the Virtual Asia Conference on Healthcare and Health Insurance.
The COVID-19 pandemic has changed consumer expectations and needs for insurance and small ticket insurance plans are today gaining traction across the country.
Companies are increasingly using captive insurance to self-insure their risks, as rate hardening and COVID-19 disruption affect commercial insurance. Companies want broader coverage and more risk transfer, but insurers are limited by their solvency and ability to expand. Could captives and other forms of risk transfer play a role in this, especially in the emerging Asian markets?
There is a large gap of 54% in the value of COVID claims submitted and COVID claims settled by the general insurers as on 31 March 2021 according to figures made available by the General Insurance Council of India (GIC).
ZA Tech Global has opened its first Asia Fintech Centre (AFC), which will specialise in solving specific use-cases in insurance and financial services in collaboration with industry partners, according to an announcement by the firm.
Manulife has launched a region-wide training academy for its growing 115,000 insurance advisers in Asia.
Global broking business Brokerslink has announced the appointment of Au Quang Hien to the role of regional manager for Asia Pacific.
Aviva Singlife the holding company established following the merger of Aviva Ltd and Singapore Life has appointed Kim Rosenkilde as group chief investment officer with effect from 8 April 2021. An industry veteran with over 30 years in financial markets, Mr Rosenkilde's appointment comes as Aviva Singlife Holdings strengthens its new leadership team and brings the best of its investment capabilities from Aviva Singapore and Singlife together under one brand.