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...With only 425 fully qualified actuaries in India, there is ample scope for growth and the Institute of Actuaries of India (IAI) plans to go all out to promote the profession among students across the country....
...The Hong Kong authorities' introduction of tax-deductible health schemes and pension products on 1 April 2019 is likely to drive the growth of the city's life insurance market, according to Fitch Ratings....
...By monitoring the physical activity of dogs through a collar-mounted blue-toothed enabled fitness tracker, pet owners who regularly exercise their dogs can enjoy cash rewards of up to £100 ($130) in a scheme launched by RSA-backed InsurTech firm MoreThan....
...Vietnam's insurance industry has been positive for a number of years and the outlook continues to be "very, very good and will continue to expand", according to Manulife Vietnam CEO Kim Fleming....
...According to stats released by US-based cyber security firm Coveware, the average ransom paid out to cyber criminals was $12,762 in Q1 2019, an 89% increase as compared to Q4 2018 ($6,733). The increase reflects more virulent malware being utilised, such as Ryuk, Bitpaymer and lencrypt. These types of ransomware are predominantly used in bespoke targeted attacks on larger enterprises, said Coveware....
...As the Belt & Road Initiative (BRI) investment trend continues, the use of credit and political risks insurance will continue to grow, according to AON's recent global risks report....
...The launch of Great Eastern's new platform for its agents and financial advisers, Great Digital Advantage, is leading towards a change in dynamics when it comes to interacting with its customers, said managing director of regional agency/FA and bancassurance Ben Tan. "With the life storyboard, we move from face-to-face interactions to shoulder-to-shoulder interactions," he said....
...In a recent blog , we discussed where the real value is in Asia-Pacific life insurance: overall, the region has been growing at a fast clip, but beneath the top-line numbers are countries with vastly different prospects and consumers. To capture value in Asia-Pacific, carriers must gain a granular understanding within markets, segments, channels, and product lines. Only then can executives accurately determine where to play....
...As economies transition to a lower carbon future and move away from dependency on coal as a fuel source, initiatives need to be taken to ensure coal workers are properly retrained to work in other sectors....
...SBI Life Insurance, a private life insurer in India, has launched 'Thanks a dot', an innovative breast cancer awareness initiative programme through which it plans to educate Indian women about early lump detection through simple self-examination techniques....