...Participants at the recent Singapore Actuarial Conference discussed the qualities needed in actuaries who aspire to move into business leadership roles or start a new business....
Source : AIRPlus | 18 Sep 2025...The question of who should bear the costs of new medical treatments was raised during a panel discussion at the Singapore Actuarial Conference 2025, with attention on the government, insurers, employers and patients....
Source : AIRPlus | 18 Sep 2025...A question addressed at the Singapore Actuarial Conference 2025 was how insurers, in pricing medical insurance plans, can work around coverage, access and decisions when they lack full data credibility....
Source : AIRPlus | 18 Sep 2025...The increasing frequency of floods suggests they can no longer be viewed as a secondary risk, according to Nanyang Technological University (NTU) research assistant professor Xu Yanbin during the recent Singapore Actuarial Conference 2025. Dr Xu was speaking in collaboration with the Global Asia Insurance Partnership (GAIP)....
Source : AIRPlus | 18 Sep 2025...Weather insurance for farmers can be classified into two broad categories, NTU associate professor Zhu Wenjun said at the recent Singapore Actuarial Conference 2025....
Source : AIRPlus | 18 Sep 2025...Geopolitical tensions, protectionist policies and shifting economics are reshaping global supply chains, raising costs, amplifying uncertainty and increasing the risk of long-term fragmentation, said Swiss Re....
Source : AIRPlus | 18 Sep 2025...The number of non-contributing members to KiwiSaver, a voluntary savings scheme to help New Zealanders fund their retirement, is on the rise, according to the chief executive of the Financial Markets Authority (FMA), Ms Samantha Barrass....
Source : AIRPlus | 18 Sep 2025...The bedroom is the most targeted room in home thefts, according to a survey by the price comparison platform, Compare the Market...
Source : AIRPlus | 18 Sep 2025...The earthquakes felt in both Sabah and Peninsular Malaysia in recent weeks serve as a reminder that the country is not free from seismic activity and other natural disasters, the General Insurance Association of Malaysia (PIAM) said in a statement....
Source : AIRPlus | 11 Sep 2025...The softening insurance market in New Zealand has continued through 1H2025, according to Gallagher Insurance's "Insurance Market Update", published in August 2025....
Source : AIRPlus | 11 Sep 2025...There is a need for increased driver awareness on Australia's roads, especially between dawn and dusk, because of the risk of wildlife collisions....
Source : AIRPlus | 11 Sep 2025...Global reinsurers built their capital by at 4.8% to $805bn, as of 1H2025, an increase of 4.8% versus the restated full-year 2024 base, according to Gallagher Re's "Reinsurance Market Report: Results for half-year 2025", published earlier this month. The increase was supported by solid retained earnings....
Source : AIRPlus | 11 Sep 2025...After a 40-year absence, the Pacific Insurance Conference (PIC) is making its highly anticipated return to Korea in 2025, marking a significant milestone for the Asian insurance industry. RGA Korea CEO and RGA Asia Pacific chief marketing officer Michael Shin, president of the Asia Insurance Leadership Forum (AILF) organising this year's PIC, spoke about what makes this year's conference particularly special....
Source : AIRPlus | 29 Aug 2025...Slightly more than half (51%) of Gen Zs are optimistic about their future in the next 60 years, and are confident they will be able to retire well and pay for their daily necessities, healthcare and other expenses, a poll commissioned by Prudential Singapore, titled 'SG60 Financial Future Poll', found. The majority of Gen Z respondents, though, do not have a retirement funding plan....
Source : AIRPlus | 28 Aug 2025...Baby Boomers (people aged 55 and above) regret not planning for retirement earlier, according to a survey -- 'SG60 Financial Future Poll' -- commissioned by Prudential Singapore....
Source : AIRPlus | 28 Aug 2025...The biggest worry of Singaporeans is the high cost of living (according to 75% of respondents to a survey), followed by healthcare costs (56%) and insufficient income growth (50%)....
Source : AIRPlus | 28 Aug 2025...Life and health (L&H) insurers and takaful operators in Malaysia have been grappling with mounting challenges driven by steep medical inflation, regulatory shifts, and broader economic changes, according to Zurich Takaful Malaysia CEO Nur Fatihah Mustafa and Zurich Life Insurance Malaysia CEO Pauline Teoh....
Source : AIRPlus | 28 Aug 2025...A total of 1,340 people died on Australian roads in the 12 months to 31 July 2025, according to the Australian Automobile Association (AAA). This number represents a 2.9% increase from the same period a year earlier, and is also the highest for any corresponding period over the last 15 years, the association noted....
Source : AIRPlus | 28 Aug 2025...Speed and efficiency are critical when processing claims because the claim period represents a stressful time for policyholders and certificate holders who have suffered a loss, according to Zurich Takaful Malaysia CEO Nur Fatihah Mustafa and Zurich Life Insurance Malaysia CEO Pauline Teoh....
Source : AIRPlus | 28 Aug 2025...It is not too late for senior actuaries to learn to use AI and the technology is unlikely to derail their careers, Uber Technologies vice president of applied science, Dr Frank Chang, said....
Source : AIRPlus | 25 Aug 2025...Actuaries can bring clarity to a world where uncertainty and unpredictability are "through the roof", said Singapore Actuarial Society council member Akash Gupta....
Source : AIRPlus | 25 Aug 2025...The underperformance of Pakistan's insurance industry is symptomatic of deeper structural constraints that continue to hinder the sector from realising its full potential, according to the chairman of the Securities and Exchange Commission of Pakistan (SECP), Mr Akif Saeed....
Source : AIRPlus | 24 Aug 2025...The Financial Supervisory Commission (FSC) is encouraging the insurance industry to establish a 'designated contact person' mechanism for insurance policies to protect the assets of the elderly and people who lack mental capacity....
Source : AIRPlus | 22 Aug 2025...The Office of Insurance Commission (OIC), the insurance regulator, is playing its part to help promote Thailand as a tourism destination, by enforcing measures to ensure tourist safety, security and convenience through the five strategies the Tourism Authority of Thailand (TAT) outlined in 2024....
Source : AIRPlus | 21 Aug 2025...Many countries across Asia have a significant proportion of people aged 65 or over, according to QBE Asia's report, titled "Managing the Risks of an Ageing Workforce"....
Source : AIRPlus | 21 Aug 2025...Technology plays a critical role in service delivery and experiences for high-net-worth (HNW) clients, HSBC Life Singapore CEO Harpreet Bindra has said....
Source : AIRPlus | 21 Aug 2025...Patch management, network segmentation and maintaining up-to-date data backups have been identified as the most effective mitigation strategies that organisations can leverage against widespread malware attacks, according to the findings of a recent survey....
Source : AIRPlus | 20 Aug 2025...The rising frequency and severity of extreme weather events over the past decade, driven largely by climate change, have led insurers to withdraw or significantly limit coverage for vineyards....
Source : AIRPlus | 20 Aug 2025...Conditions in the automobile insurance market are moderate overall, although insurer appetite continues to be shaped by loss trends, according to the "Q2 2025 Global Insurance Market Insights Report", published by Aon....
Source : AIRPlus | 15 Aug 2025...Central Reinsurance Corporation (Central Re) has encountered a modest decline in domestic market share in recent years, given that its portfolio has been skewed toward personal lines while the local market saw more robust growth in commercial lines, according to a report by AM Best....
Source : AIRPlus | 15 Aug 2025...Trends in the Asian insurance market observed earlier in the year have continued unabated into the second quarter of 2025. Clients still benefitted from a competitive market environment, enabling them to secure more favourable risk transfer solutions, according to Aon's head of commercial risk solutions Asia, Mr Jon Pipe, in the company's "Q2 2025 Global Insurance Market Insights Report", published earlier this month....
Source : AIRPlus | 15 Aug 2025...There is a pressing need for healthcare sector transformation, given issues and bottlenecks in the delivery of healthcare services, with a special focus on funded healthcare i.e. by insurance companies, says a report issued by the Securities and Exchange Commission of Pakistan (SECP), which supervises the insurance industry....
Source : AIRPlus | 12 Aug 2025...APAC is experiencing significant growth in cyber claims notifications, driven by the rising frequency and sophistication of cyber incidents, says global professional services firm, Aon, in its "2025 Cyber Risk Report"....
Source : AIRPlus | 12 Aug 2025...The retail health insurance market in Pakistan is disadvantaged and underserved, according to a report released by the Securities and Exchange Commission of Pakistan (SECP), which supervises the insurance industry....
Source : AIRPlus | 12 Aug 2025...AI adoption is well underway in Asian bancassurance, but the transition to agentic AI, where AI actively performs tasks autonomously, is just beginning, according to BCG principal Joshua Tan....
Source : AIRPlus | 12 Aug 2025...The 7.7-magnitude earthquake that struck Myanmar in March 2025 has caused estimated economic losses of $12bn, according to Munich Re NatCatSERVICE's report titled "Natural disasters in the first half of 2025", released in July....
Source : AIRPlus | 12 Aug 2025...The life insurance market in Vietnam showed positive signals in the first half of this year, with total life insurance premium revenue estimated at over VND71.8tn ($2.74bn), representing an increase of 1.9% over the corresponding half of last year, according to preliminary data from the National Statistics Office....
Source : AIRPlus | 06 Aug 2025...Insurance companies in Taiwan posted a combined pre-tax profit of NT$19.4bn ($648.6m) in the first half of this year, according to data released by the Financial Supervisory Commission (FSC). This was 92% lower than the profit reported for 1H2024, and is attributed to currency losses suffered by life insurers....
Source : AIRPlus | 05 Aug 2025...Insurance rates in Asia fell by 5% in the second quarter of this year, according to Marsh's latest Global Insurance Market Index. The pace of decline was bigger than the 4% drop in global commercial insurance rates during the same quarter....
Source : AIRPlus | 04 Aug 2025...Many people in Asia continue to struggle with long-term financial planning, according to Sun Life Asia chief client and distribution officer David Broom....
Source : AIRPlus | 04 Aug 2025...Premium income in the Indonesian insurance market inched up by 0.65% year-on-year (yoy) to IDR166.26tn ($10.15bn) in the first half of 2025, according to data from the Financial Services Authority (OJK)....
Source : AIRPlus | 04 Aug 2025...Insurers have been selling new products that separate death and permanent total disability benefits from supplementary benefits in investment-linked policies, to comply with a new regulation that took full effect on 1 July 2025....
Source : AIRPlus | 31 Jul 2025...The marine insurance sector, traditionally known for being conservative, has undergone rapid innovation driven by recent geopolitical events, the COVID-19 pandemic and supply chain disruptions. This has created opportunities for InsurTechs to address long-standing industry limitations with modern technological solutions, according to OTONOMI CEO and co-founder Yann Barbarroux....
Source : AIRPlus | 29 Jul 2025...Eight out of the nine reinsurance companies established in Indonesia have met the first phase of minimum capital requirements (MCR) for 2026, according to data from the Financial Services Authority (OJK) as of the end of May 2025....
Source : AIRPlus | 29 Jul 2025...The human touch is essential to help generate confidence in insurers among customers, especially during the claims process when policyholders are at their most vulnerable, according to Duck Creek Technologies (Duck Creek) managing director, APAC Christian Erickson....
Source : AIRPlus | 29 Jul 2025...Discussions are underway among stakeholders in the reinsurance sector to develop a plan for the consolidation of state-owned reinsurers in Indonesia....
Source : AIRPlus | 29 Jul 2025...The Ministry of Finance has granted approval to Vietnam Technological and Commercial Joint Stock Bank (Techcombank), a publicly listed bank, to establish a life insurer....
Source : AIRPlus | 24 Jul 2025...The integration of charitable giving, as well as environmental, social and governance (ESG) considerations into wealth management is a rapidly accelerating trend among high-net-worth individuals (HNWIs) in Singapore, says HSBC Life Singapore CEO Harpreet Bindra....
Source : AIRPlus | 24 Jul 2025...The Asia Pacific (APAC) region is seeing significant competition among many international insurers and the increasing numbers of cyber insurance carriers entering from the London market, according to Aon's "2025 Global Cyber Risk Report: Asia Pacific"....
Source : AIRPlus | 24 Jul 2025...The volume and value of merger and acquisition (M&A) transactions across Asia rose in 2024, after M&A activity fell in 2023, according to Aon in a report titled "2025 Transaction Solutions Global Claims Study: Managing Deal Risk to Secure Investments and Enhance Returns"....
Source : AIRPlus | 24 Jul 2025