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  • Philippines: Regulator urges insurers to offer terrorism cover

    The Insurance Commission urged insurance companies to develop products that will afford protection against losses and damages as a result of acts of terrorism.
     

    Source : AIR | 01 Oct 2017
  • Singapore: Call made for bond default insurance

    Singapore’s watchdog for minority shareholders and a leading law firm are proposing an insurance scheme to protect bond investors from default.
     

    Source : AIR | 01 Oct 2017
  • Regulatory changes the way of non-life

    China’s non-life insurance industry has traditionally been underpinned by motor insurance, but that is changing. We spoke to Mr Qin Lu, CEO for both Aon Benfield Greater China and Aon Risk Solutions, China at the recent Rendez-vous de Septembre for his perspective on the industry’s new growth opportunities and the impact of regulatory developments on the mainland.
     

    Source : AIR | 01 Nov 2017
  • Samsung Re: Expanding beyond group business

    Samsung Re has been keeping a low profile since its inception in 2011 but of late, the reinsurer has adopted a new strategy to expand its operations beyond its group business and into newer territories across Asia. We speak to Mr Tae Y Choi, CEO, Samsung Re at the SIRC, to find out the plans and strategies ahead for the company.
     

    Source : AIR | 01 Dec 2017
  • Bangladesh: Insurance industry takes flight

    Regardless of Bangladesh’s political and economic challenges, the insurance industry has huge potential for growth and shows no signs of slowing down in the year ahead. The market currently has two state-owned companies, 45 private non-life and 31 private life insurers.
     

    Source : AIR | 01 Dec 2017
  • Insuring Live Sporting Events: An Olympic-sized risk?

    In the lead up to the Winter Olympics in Pyeongchang later this month, we speak to Mr Michael Furtschegger from AGCS on the risks and exposure of hosting live sporting events and the important role insurance can play.
     

    Source : AIR | 01 Feb 2018
  • The rise of the connected vehicle - and what it means for warranties

    Motor car warranty needs to evolve as the automobile industry changes to one of connected vehicles. Mr Manfred Schmoelz of The Warranty Group says as more cars are connected, these cars will have the capability to identify components at risk of failure before it happens.
     

    Source : AIR | 01 Mar 2018
  • Asia: InsurTech investments surging strong

    InsurTech funding in 2017 rose 36% from the year before to reach US$2.3 billion, according to the latest data published by Willis Towers Watson.
     

    Source : AIR | 01 Mar 2018
  • Embracing the bright yet challenging future on renewable energy

    Taiwan’s Renewable Energy Development Plan targets 20% of its power to be generated from renewable energy by 2025. Mr Patrice Nigon of Swiss Re discusses how they are supporting these endeavours to develop clean energy. 
     

    Source : AIR | 01 Jun 2017
  • Lloyd's underwriters told to stop insurance linked to NRA

    Lloyd’s of London has said it will direct underwriters to terminate all insurance offered, marketed, endorsed or otherwise made available through the National Rifle Association (NRA) of America.
     

    Source : AIR | 01 Jun 2018
  • Marketing insurance in the digital age

    Disruptions may come and disruptions may go but someone still has to market insurance products and promote the brand. Welcome to the hard-boiled world of marketing, advertising, promotion and corporate communications in the untamed digital frontier of the future.
     

    Source : AIR | 01 Jun 2018
  • Innovating for sustainable aquaculture growth

    Asia is home to several of the world’s largest aquaculture production countries including China, Indonesia, India, Vietnam, Philippines, Bangladesh and South Korea. Mr Yu Deng of Swiss Re discusses the expanding sector and how insurance programmes can be tapped for its sustainable growth. 
     

    Source : AIR | 01 Aug 2017
  • Nepal: Beema Samiti slashes premium rates for Riot Strike and Terrorism

    Beema Samiti (Insurance Regulatory Authority of Nepal) has reduced premiums for Riots, Strike Damage under Fire Tariff by 25% and for Malicious, Sabotage and Terrorism by 50%. The new premium rates came into effect from 16 July. Earlier, the regulator had also reduced private car own damage premium rate to the tune of 25% to 35%.
     

    Source : AIR | 01 Aug 2017