...From the failure of banks like SVB and Signature Bank in the US to the takeover of Credit Suisse, crisis in the banking sector has raised concerns of the start of another financial crisis....
Source : AIRPlus | 23 Mar 2023...A new survey conducted across 113 villages in India has found that only 22% of India's rural population owns life insurance products compared to 73% across urban India....
Source : AIRPlus | 23 Mar 2023...The year 2023 has thus far been quite challenging for GenZ. The global slowdown and mass layoffs by technology majors, many industries impacted by the geo-political tensions and inflationary pressures have put paid to all their hopes of landing their employment of choice. AI, machine learning and ChatGPT have also taken their share of the toll....
Source : AIRPlus | 22 Mar 2023...A new report by Global Federation of Insurance Associations (GFIA) has identified and quantified the most significant - and growing - annual global protection gaps: $1tn for pensions; $900bn for cyber; $800bn for health and $100bn for natural catastrophes....
Source : AIRPlus | 16 Mar 2023...Nearly 88% of Indians are ready to trade their high-paying jobs for comparatively low-paying ones for their mental wellbeing as stress from work has a significant impact on their personal lives according to a new survey....
Source : AIRPlus | 16 Mar 2023...The recent high-profile closures of Signature Bank and Silicon Valley Bank are expected to have limited impact on Asian financial institutions according to credit ratings agency Moody's. Regulators in the US closed Signature Bank two days after shutting Silicon Valley Bank following mass withdrawals....
Source : AIRPlus | 16 Mar 2023...The Hong Kong insurance industry has embraced gender equality and now sees more women in leadership positions....
Source : AIRPlus | 09 Mar 2023...P&C insurers are set to face higher claims due to multiple sizable natural catastrophes in New Zealand according to S&P Global Ratings report, 'New Zealand Insurance Outlook: Disaster-Hit P/C Diverges from Life and Health'....
Source : AIRPlus | 09 Mar 2023...Bajaj Allianz General Insurance's Ms Alpana Singh has spent over three decades in the Indian insurance industry. She says the biggest challenge for women is women themselves. Women often underestimate themselves and fear taking up new roles....
Source : AIRPlus | 08 Mar 2023...To help women achieve their full potential in life and to ensure they are financially independent a life insurer can do a lot....
Source : AIRPlus | 08 Mar 2023...How women can thrive in the insurance sector is a question that has been debated for some years now....
Source : AIRPlus | 08 Mar 2023...The top five life insurers are listed below:...
Source : eDaily | 03 Mar 2023...Bajaj Allianz General has initiated steps to empower differently abled persons with mobility solutions....
Source : AIRPlus | 02 Mar 2023...Indian reinsurer GIC Re has partnered with the Indian Institute of Technology Madras (IIT Madras) to develop a urine-based tuberculosis diagnosis or screening kits....
Source : AIRPlus | 02 Mar 2023...An online marketplace for used cars, Carro, is investing in technology to improve insurance distribution and claims processes for customers and insurers in Southeast Asia. Carro inked an investment and joint venture agreement with Singapore-headquartered ZA Tech. The agreement will allow the online marketplace to fill in gaps in the automotive industry through generative AI tools such as ChatGPT....
Source : AIRPlus | 02 Mar 2023...The Hong Kong Federation of Insurers (HKFI) is seeking feedback from insurers regarding a proposed insurance industry climate charter. A member survey has been published to collect HKFI members' views on the detailed context of the industry charter, to ensure the finalised version will be in line with the market expectations. The HKFI had been conducting a consultancy study on green insurance to formulate and promote the climate charter....
Source : AIRPlus | 02 Mar 2023...The Indian insurance industry has a lot of scope for collaborative and mutually beneficial partnership between traditional insurers and InsurTechs....
Source : AIRPlus | 02 Mar 2023...Consumers in the 11 cities of Greater Bay Area (GBA) are worried about the growing gap between increasing medical costs associated with critical illnesses and how they will pay for them according to a new survey....
Source : AIRPlus | 28 Feb 2023...Regulatory solvency margin ratios (SMR) for Japan's insurers have been rapidly declining. Interest rate increases put downward pressure on the current SMR but has a neutral or positive impact on the economic solvency ratio (ESR), the new solvency regulation, which can complicate the transition process....
Source : AIRPlus | 23 Feb 2023...Over 35% of working women in Japan would rather be home makers according to a survey conducted by Sony Life Insurance Company....
Source : AIRPlus | 23 Feb 2023...Putting nature at the heart of its strategy demonstrates AXA XL's ambition to be an industry leader in protecting biodiversity to promote resilient ecosystems as well as supporting community livelihoods....
Source : AIRPlus | 09 Feb 2023...Companies in India have digitalised nearly all interfaces that connect with customers, but this reduction of physical effort has now hit a point of diminishing returns according to a new survey....
Source : AIRPlus | 09 Feb 2023...The FutureFearless survey conducted by market research firm YouGov for Ageas Federal Life Insurance has revealed that term products are the most preferred life insurance product by Indian consumers....
Source : AIRPlus | 09 Feb 2023...A magnitude 7.8 earthquake struck southern Turkiye, near the northern border of Syria. The death toll has exceeded 2,300 in Turkiye and Syria and over 2,850 buildings have been destroyed....
Source : AIRPlus | 07 Feb 2023...With APAC's exposure to extreme weather events leading to unsustainable natural hazard losses and high inflation worsening them, reinsurers in the region will face challenges in their growth in 2023....
Source : AIRPlus | 02 Feb 2023...Liberty Global Transaction Solutions (GTS) has launched its contingent legal risk insurance (CLRI) M&A product in the Asia-Pacific market....
Source : AIRPlus | 02 Feb 2023...In India, one in five health insurance policyholders is unaware of basic policy terms despite purchasing the policy on their own according to a new insurance literacy survey by ICICI Lombard Insurance....
Source : AIRPlus | 02 Feb 2023...Specific drivers will prevail in the insurance industry during 2023 and these will include ESG risks, geopolitics, technology change and claims inflation according to Kennedys, the global law firm in its annual forecast report for the insurance sector....
Source : AIRPlus | 01 Feb 2023...Government initiatives in the insurance sector and measures to improve financial inclusion have driven insurance adoption across segments in India according to the Economic Survey 2022-23 presented to the Indian parliament on 31 January 2023....
Source : AIRPlus | 01 Feb 2023...India's retail health insurance segment has the potential to become a $25bn market in the next five years according to a new research study....
Source : AIRPlus | 26 Jan 2023...Ping An Insurance (Group) Company of China has been ranked the world's most valuable insurance brand for the seventh year in the running by brand valuation consultancy Brand Finance....
Source : AIRPlus | 26 Jan 2023...Australia's terrorism reinsurance pool, administered by Australian Reinsurance Pool Corporation (ARPC), purchased its retrocession programme for the 2023 calendar year at the same terms and conditions as the previous 2022 programme....
Source : AIRPlus | 20 Jan 2023...Companies in Indonesia such as IKEA, Gojek and Shopee are customising insurance policies to suit the products they sell. It is made possible through developments in technology that have allowed them to collaborate with InsurTechs and underwriters to create policies for their customers....
Source : AIRPlus | 19 Jan 2023...Singlife has inked a memorandum of understanding with private cancer care provider Icon Cancer Centre Singapore in a bid to enhance access to affordable cancer treatment and patient care in Singapore. The partnership aims to reduce the burden of cancer for patients by leveraging technologies to connect a network of data and streamline the customer experience....
Source : AIRPlus | 19 Jan 2023...At the beginning of the year, the chairperson of the life insurance industry of Japan (LIAJ) Seiji Inagaki published a new year's message. In it, he emphasised the importance of the life insurance industry in a world still gripped by the pandemic and laid out plans for the coming year. The full message can be read below:...
Source : AIRPlus | 18 Jan 2023...The pandemic has helped in increasing the awareness of healthcare and health insurance in rural and semi urban areas of India and this is reflected in the better performance of the industry's rural health insurance portfolio over the years....
Source : AIRPlus | 18 Jan 2023...It is a point of satisfaction for the Indian insurance industry that complaints about mis-selling of insurance policies are now showing a downward trend....
Source : AIRPlus | 04 Jan 2023...India's first ever 'surety bond insurance' product is now available in the market. Developed by Bajaj Allianz General Insurance, the product was launched by Indian union minister of road transport and highways in December 2022....
Source : AIRPlus | 04 Jan 2023...New research by CoinJournal, a publication that focuses on cryptocurrency, looked at available data around major breaches and fraud since 2011 to reveal which Asian countries had experienced the most breaches and how crypto fraud has seen a record number of incidents in 2022....
Source : AIRPlus | 04 Jan 2023...In many parts of the world, women are in charge of purchasing insurance for their families, but the gender wealth and protection gap remains quite wide. It is a peculiar problem that insurers are trying to solve, and Continental Group's founder and managing director Ashok Sardana believes that the first step is awareness....
Source : AIRPlus | 04 Jan 2023...The Delhi High Court has directed the Insurance Regulatory and Development Authority of India (IRDAI) to call a meeting of all insurance companies to ensure that insurance products designed for persons with disabilities are made available at an early date so that they can obtain health insurance coverage....
Source : AIRPlus | 15 Dec 2022...Insurance consumers are now looking for the same convenience from their insurance companies as they are in other areas of their lives according to a new report published by Guidewire platform for general insurers....
Source : AIRPlus | 15 Dec 2022...ORX has launched a platform which brings together a new generation of risk management and data visualisation applications....
Source : AIRPlus | 12 Dec 2022...The mental health of around 4.43m adults in Taiwan was affected by the COVID-19 pandemic in 2022 according to a new survey conducted by the Mental Health Foundation of Taiwan....
Source : AIRPlus | 12 Dec 2022...Almost half (49%) of the Singaporean employees work remotely, blurring the lines between personal and professional life and thus expanding cyber attack surfaces massively according to the 2022 Singapore User Risk Report released by Proofpoint....
Source : AIRPlus | 12 Dec 2022...There has been a substantial increase in significant breaches of the general insurance code of practice according to the latest annual report of the Australian General Insurance Code Governance Committee (GICGC)....
Source : AIRPlus | 08 Dec 2022...Hong Kong is the top intended destination for mainland Chinese travellers who have endured nearly three years of restrictions and movement curbs according to a survey conducted by management consultants Oliver Wyman....
Source : AIRPlus | 08 Dec 2022...The 10th annual Regional Day of Service (RDS) was organised by insurer Chubb in early November across 10 markets in the Asia-Pacific region through outreach programmes that focused on meeting the essential needs of communities and increasing educational opportunities for underprivileged children....
Source : AIRPlus | 08 Dec 2022...A survey by InsurTech Acko and YouGov India on Indian motor vehicle consumers preferences has revealed that electric vehicles (EVs) will be the first choice for most and that the segment will surpass petrol and diesel cars by 2030....
Source : AIRPlus | 08 Dec 2022...S&P has placed Sumitomo Life's issue ratings on CreditWatch with negative implication, which implies a possible downgrade if the insurer's declining solvency ratio continues to worsen. S&P said this reflects a rising possibility of deferral of interest payments on subordinated notes. This deferral will be triggered by the insurer booking a regulatory solvency margin of less than 200%....
Source : AIRPlus | 06 Dec 2022