Magazine

Jan 2018

Read the latest edition of AIR and MEIR as an Interactive e-book

The brave new world of insurance

COVER STORY - The Insurance Evolution

Simplicity, convenience and transparency are what consumers are looking for in their insurance products in both life and non-life. Such expectations are spurred by the technological revolution happening in their lives as with greater awareness and more information at their fingertips, consumers are changing the way they think, research and buy protection. 
 
   The brave new world of insurance is customer-driven, who in turn are driven by the emerging technologies. Making that customer experience “memorable with quality” is the key.


Listing and liberalisation

COUNTRY PROFILE - India

2017 was an eventful year for the Indian insurance industry. Listing was the key order of the day, drawing great public attention and greater interest in insurance. The marketplace is in a whole new era, with growth expected to be phenomenal, given...

Going beyond finance and actuarial: What IFRS 17 means for insurers' financial reporting data, systems and processes

INSIGHTS - IFRS 17

Mr Martyn van Wensveen of EY focuses on the data, systems and process changes Asian insurers will need to implement to comply with the new International Financial Reporting Standard (IFRS) 17.

Featured Articles


All Stories

The Insurance Evolution

  • Magazine article aboutThe-brave-new-world-of-insurance

    The brave new world of insurance

    Simplicity, convenience and transparency are what consumers are looking for in their insurance products in both life and non-life. Such expectations are spurred by the technological revolution happening in their lives as with greater awareness and...

  • Insurance comes to life for consumers

    Asia Insurance Review speaks to both consultants and carriers on the type of changes that the life insurance industry in Asia will continue to experience into 2018.

  • Racing towards the future

    With 2017 being a tumultuous year for the industry, we look at the upcoming year for prospects and avenues of growth. From InsurTech to building talent for the future, the insurance industry is well-geared to take advantage of the opportunities of...

Interviews

Guest Editorial

  • Magazine article aboutRM-Vishakha-Balancing-gender-imbalance

    RM Vishakha: Balancing gender imbalance

    Gender and diversity is an intricate and nuanced matter for business and HR leaders to be mindful about. Specifically, in the context of the Indian insurance landscape, the key themes centre on creation of organic considerations for women across...

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Life & Health

Country Profile

India

  • Magazine article aboutListing-and-liberalisation

    Listing and liberalisation

    2017 was an eventful year for the Indian insurance industry. Listing was the key order of the day, drawing great public attention and greater interest in insurance. The marketplace is in a whole new era, with growth expected to be phenomenal, given...

  • Indian non-life insurance industry: Performance and potential

    The Indian insurance industry has been on a roll for the last 17 years. It is now on a threshold to make the big jump into the super league. Mr R Chandrasekaran of General Insurance Council of India outlines what the non-life insurance industry has...

  • GIC Re: Underwriting its future

    2017 was an eventful yearfor GIC Re. In an interviewwith Asia Insurance Review,Mrs Alice G Vaidyan, Chairman-cum-Managing Director, GIC Re, assesses their achievements during the year and their plans for the years ahead.

Spotlight

Myanmar

Going Digital

  • Magazine article aboutMAS-rolls-out-big-guns-at-largest-global-FinTech-show

    MAS rolls out big guns at largest global FinTech show

    The week-long 2017 Singapore FinTech Festival saw a total of more than 30,000 participants from over 100 countries and culminated in US$2 billion being made available for start-ups. We bring you the highlights.

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  • Jirnexu: Changing the digital experience

    Jirnexu, Southeast Asia’s only full stack FinTech startup, was recently approved by BNM to compare, sell, process payments, and issue e-policies for insurance products under their regulatory sandbox. We talk to Mr Lucas Ooi, co-founder of...

  • Disruption is already happening in insurance

    The Digital Insurer (TDI) Asia Conference, held in Singapore at the end of 2017, focused the insurance industry once again on the importance of customer-centricity and rapid innovation across the sector.

Insights

Think Tank

  • Magazine article aboutThe-Low-For-Long-challenge

    The "Low For Long" challenge

    Mr Daniel M. Hofmann of The Geneva Association traces how the current low interest rate environment could place the socio-economic roles of life insurers at risk.

Marine Focus

Business Interruption

News

Asian

People on the move

Diary

P&I

  • Magazine article aboutA-turning-point-ahead-Asia-shining

    A turning point ahead: Asia shining

    P&I clubs remain cautiously optimistic, observing the shipping recovery trend, as premiums still face pressure and some segments continue to struggle. They reported a mixed bag of results. But it is clear that Asia, more than ever, is rising in...

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Curtain raiser

India Rendezvous

  • Magazine article aboutIndustry-finds-hope-in-the-recommendations-

    Industry finds hope in the recommendations!

    It looks like happy days are here again for the reinsurance fraternity in India, as the Reinsurance Expert Committee (REC) has recommended that after GIC Re, insurers should be allowed to obtain the best terms simultaneously from Indian reinsurers,...

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  • From India to the world

    J B Boda is India’s oldest reinsurance broker, having started operations in 1943, and has today established itself as a major player around the world. The company’s Chairman, Mr Atul Dhirajlal Boda, speaks on the journey so far and the...

Corporate Risk Management Interview

Editor's Message

  • Magazine article aboutEditor-s-Message

    Editor's Message

    It’s a brand new year sparkling with hope and anticipation. January always starts with great expectations and a sense of a new beginning, fresh ideas and initiatives. Everyone is resolved to make the year different – all...

AIR+ (New)

  • Magazine article aboutBOT-or-not-AI-and-the-future-of-Singapore-s-Insurance-Industry

    BOT or not? - AI and the future of Singapore's Insurance Industry

    The world of life and health insurance is poised on the edge of a potential revolution, thanks to advancements in AI. With a healthy dose of human intuition, logic and imagination, this will be a brave new world of exciting possibilities for...

  • Guy Carpenter expects reinsurers to remain sensible in Jan negotiations

    Guy Carpenter’s President (International), James Nash, expects reinsurers to take a “rational” approach during the January 2018 renewals considering the relative strength of their aggregated balance sheets.

  • All round growth

    AXIS Re had recently acquired Novae Group plc, a diversified specialty (re)insurer that operates through Lloyd’s of London. Asia Insurance Review speaks with Mr Richard Milner, President and Chief Underwriting Officer, AXIS Re, APAC and...

Winners Special

EAIC Update

AIC Focus