Magazine Table of Contents
Life & Health
PIC Curtain raiser
The 28th Pacific Insurance Conference takes place in Hong Kong this month with the theme “Our World from the Outside In”. With enormous advances driving innovation and commerce around the world, the industry’s mindset should be challenged to see clearly from the “outside in” to maximise the future. This extract from a Bain report reveals the growth of purchaser interest in ecosystem services from the policyholder’s “outside-in” perspective.
Mr Joseph Kwok of Financial Planning Association of Singapore (FPAS) looks at the need for financial planners to stay relevant as customers become more tech savvy and sophisticated in their protection planning needs.
Strategic role of life reinsurers
Ms Navarat Kriausakul of Pacific Life Re Asia explores how reinsurers are increasing their value-add to the insurance value chain by taking advantage of their comprehensive understanding of risks, and adopting a positive attitude towards innovation.
With new technologies and innovations reshaping the insurance risk landscape, it is imperative that insurers embrace these changes and invest in these areas, says Mr Wil Chong of Allianz Re.
Long-term care claims are triggered when policyholders are not able to perform two to three specified Activities of Daily Living (ADLs) but ageing starts way before that. Mr Mick James of RGAx EMEA, asks if long-term care insurance can be developed to protect seniors way before the ADL inability sets in.
Across Asia, the aged 60+ population is increasing at a tremendous pace – six to 10 times faster than population growth. In addition, life expectancy is increasing, with people in the region likely to live until 83 by 2050-55. The 13th Asia Conference on Pensions & Retirement Planning organised by Asia Insurance Review discussed the challenges for this rapidly ageing region.