Tag Search Result

  • Automotive industry most impacted by product recalls - AGCS

    Product-related risk is one of the biggest perils facing businesses today, with recall exposures having increased significantly over the past decade. And it is the automotive sector that is most impacted by product recalls, followed by the food and beverage sector and then IT/electronics, said Allianz Global Corporate & Specialty (AGCS) in a recent report, based on analysis of claims.
     

    Source : AIR | 01 Jan 2018
  • GIC Re: Underwriting its future

    2017 was an eventful year for GIC Re. In an interview with 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.
     

    Source : AIR | 01 Jan 2018
  • Which will win, cybercrime or cyber insurance?

    Rapid digitalisation and growth of online culture in India has also brought in sophisticated cybercrime. Asia Insurance Review speaks to Mr Sasikumar Adidamu, Chief Technical Officer, Bajaj Allianz General Insurance, to understand how insurers can play an important role in developing a comprehensive cybersecurity framework, including cyber insurance, to tackle cybercrime.
     

    Source : AIR | 01 Jan 2018
  • Digital transformation in Indian insurance

    Can the online model be a panacea for tapping the untapped insurance potential and eliminating insurance distribution bottlenecks in India? We speak to two new-age insurers to understand more about the digitalisation of the Indian insurance landscape.
     

    Source : AIR | 01 Jan 2018
  • Australia: New approaches needed with changing claim trends

    Claim trends are changing among young policyholders. The first private health insurance claims filed by young women today is predominantly a mental health claim while women having their first baby are no longer the hook it once was to buy private health insurance.
     

    Source : AIR | 01 Oct 2017
  • Finalists of Hong Kong Insurance Awards 2017

    The Hong Kong Federation of Insurers (HKFI), the organiser of the Hong Kong Insurance Awards 2017 has announced the top three finalists for each of the 15 categories of the Awards.
     

    Source : AIR | 01 Oct 2017
  • World's first marine insurance blockchain platform launched

    EY and Guardtime has announced the world’s first blockchain platform for the marine insurance sector. The platform was launched in collaboration with A.P. Møller-Maersk A/S, ACORD, Microsoft, MS Amlin, Willis Towers Watson and XL Catlin and after a 20-week proof of concept. 
     

    Source : AIR | 01 Oct 2017
  • Robotics and eldercare's future

    In this second of a four-part series on ageing in Asia, Mr Greg Goodfliesh of RGAx Asia explores the growing impact of robotics.  
     

    Source : AIR | 01 Oct 2017
  • Disrupting the CIO

    The role of the Chief Information Officer was brought into question at Asia Insurance Review’s 6th CIO Technology Summit. He now needs to be an instigator, an integrator and an innovator.
     

    Source : AIR | 01 Oct 2017
  • Helping clients to grow in profitable areas

    In the digital world, many intermediaries face a bleak future and so they would have to reinvent themselves. While reinsurance brokers have a professional and important role to play in the industry, they are not immune to the changes around them. We speak with Mr Tony Gallagher, recently appointed CEO of Guy Carpenter’s Asia Pacific region, about its growth in the retrocession business, what its clients want, its plan for technology innovation and market outlook.
     

    Source : AIR | 01 Oct 2017
  • Cargo still sailing on rough seas - but land ahoy!

    A year ago, the container shipping industry was in the doldrums with oversupply of capacity and lay-up of 7% of the global fleet in capacity terms. Predictions were that the market would only fully recover in 2018. One year on, we speak to some insurance players for their sentiments on the marine cargo market.
     

    Source : AIR | 01 Oct 2017
  • Standard Club: A P&I perspective

    We speak with Mr Akshat Arora, Senior Surveyor at the Loss Prevention division of the Standard Club in Singapore, for a P&I club perspective.
     

    Source : AIR | 01 Oct 2017
  • It's time to join the cyber security conversation

    Highly sophisticated cyber criminals are posing an increasing and significant threat to businesses. Mr Chris Moyer of DXC Technology discusses the steps insurers can take to manage these risks.
     

    Source : AIR | 01 Oct 2017
  • First Malaysian InsurTech Collab Takes Off

    KATSANA is on a roll, recently inking MoU with several insurers including Allianz Malaysia, Axiata Business Services and both Etiqa Insurance and Etiqa Takaful, to collaborate on boosting the adoption of usage-based insurance (UBI) in Malaysia. Managing director and co-founder Syed Ahmad Fuqaha shares his plans with us.
     

    Source : AIR | 01 Oct 2017
  • The Future of Consumer Insurance: Diverse, embedded and driven by global data platforms

    Mr Hugh Terry of The Digital Insurer urges insurers to create ecosystems of the future with consumer insurance being diverse, embedded and driven by global data platforms.
     

    Source : AIR | 01 Oct 2017
  • Genetics and Life Insurance: A view into the microscope of regulations

    The use of genetic information for life, disability, critical illness and long-term care insurance is likely to increase in relevance, says Mr Ronald Klein of The Geneva Association.
     

    Source : AIR | 01 Oct 2017
  • Making insurance more ubiquitous

    Mr David A. Chan from Willis Towers Watson says we live in an inimitable age and this can help make insurance a more ubiquitous part of our daily lives.
     

    Source : AIR | 01 Oct 2017
  • Insurance in the time of disruption

    Mr Abhishek Bhatia of FWD Singapore says our industry is on the edge of itself where evolving technology and changing consumer behaviour is reshaping how we do business.
     

    Source : AIR | 01 Oct 2017
  • Evolving to stay relevant

    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.
     

    Source : AIR | 01 Nov 2017
  • InsurTech Fever Hits Japan

    There is plenty of room for new and disruptive tech in Japan’s insurance industry, particularly in the health space, as the market grapples with a rapidly ageing population and a rising trend of obesity. The InsurTech Japan Roadshow, organised by InsurTech Asia Association in October, brought a cluster of eight InsurTech start-ups – from across Australia, Belgium, Canada, Germany, Singapore, Taiwan, UK and the US – to Tokyo for a deep dive discussion on the opportunities that these new-age disruptors present. Here are some key takeaways.
     

    Source : AIR | 01 Nov 2017
  • Innovation in insurance: Are we doing enough?

    Innovation is considered the only insurance against irrelevance. Yet, the insurance industry appears to be taking its time with innovation, while other industries – from transportation to retail – have been moving full steam ahead. Are insurers taking their own industry for granted? Mr Kenneth Koh, Director of Insurance for SAS’ Global Industry Practice shares his views.

    Source : AIR | 01 Nov 2017
  • Digital transformation: A journey to stay relevant

    This interesting take depicting a conversation between DXC Technology and its client, Mr Anshul Srivastav, CIO, Union Insurance Company P. S. C., highlights the role of cloud, digital transformation and its benefits.
     

    Source : AIR | 01 Nov 2017
  • InsurTech: Hype or Substance?

    Whether InsurTech is hype or substance remains to be seen. Particularly in Asia, the value that disruptors bring largely depends on the respective markets’ needs, says Mr Stephen Goldstein, Country Director of US Pivot Ventures, on the sidelines of the InsureTech Connect (ITC) 2017. Here he shares some of the key takeaways – from the world’s largest InsurTech gathering of technopreneurs, investors and insurance industry incumbents – that can be applied to the InsurTech ecosystem in Asia.
     

    Source : AIR | 01 Nov 2017
  • Japan: Regulator warns of Initial Coin Offering risks

    Japan’s Financial Services Agency (FSA) has issued an advisory warning to users and business operators about the risks of Initial Coin Offerings (ICOs), or digital token sales.
     

    Source : AIR | 01 Dec 2017
  • Health & Retirement: Personalised treatment - One size does not fit all!

    Drugs are mostly prescribed on a “one-size-fits-all” basis, ignoring the fact that everyone is different. This was a key focus at the recent Singapore Actuarial Society’s Health and Retirement Conference.
     

    Source : AIR | 01 Dec 2017
  • The capital efficiency gap

    Underinsurance is a problem, but not all of it represents a protection gap. Mr Greg Lowe at Aon and Mr George Attard at Aon Benfield Analytics International explain.
     

    Source : AIR | 01 Dec 2017
  • Insurers and InsurTechs - A symbiotic partnership

    Asia Insurance Review speaks to four leading Indian InsurTech companies to find out how they define their role in the Indian insurance ecosystem.
     

    Source : AIR | 01 Dec 2017
  • RegTech embedded in insurance transformation

    Insurers are often hindered by the need to address ongoing regulatory challenges and associated rising compliance costs. Mr Paul Brenchley and Mr Murray Raisbeck from KPMG look at this issue. 
     

    Source : AIR | 01 Feb 2018
  • Getting to know your customer with Big Data

    A century ago, the world’s most valuable resource was oil. Today in the digital era, it is data. Harnessing the power of data as an asset has become one of the key strategies for insurers. Dr Yuhui Yao of FWD Group elaborates.
     

    Source : AIR | 01 Feb 2018
  • A Big Data revolution in Supply Chain Financing - Pipe dream or new paradigm?

    While data sophistication increases exponentially in most industries, one industry remains so plagued by data scarcity that it is rejecting a whopping 57% of the requests of its Small and Medium Enterprises (SME) clients. That industry is trade finance. Ms Caroline Paulhan of Euler Hermes explores.
     

    Source : AIR | 01 Feb 2018
  • Securing the edges of the insurance enterprise

    Insurance companies must take a new approach to protect the wealth of personal data streaming in from vehicles, smartphones and a myriad of IoT devices. Mr Chris Moyer of DXC Technology elaborates.
     

    Source : AIR | 01 Feb 2018
  • Japan: Insurers launching more offerings to safe drivers

    Insurers are offering lower premiums on an increasing number of new auto insurance products, in cases where the driver meets certain safety criteria. 
     

    Source : AIR | 01 Feb 2018
  • Rajesh Sud: 17 going on 18!

    Mr Rajesh Sud, Executive Vice Chairman & MD of Max Life Insurance Company, is among the rare breed of CEOs to have survived in the top management space for over 17 years in one of India’s leading life insurance companies. He has seen the development of the life industry from close quarters since its liberalisation in 2000 and gives us his perspective of the industry.
     

    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
  • CII aims to help bridge Indonesia's 'Insurance Gap''

    The Chartered Insurance Institute highlighted the opportunity Indonesia’s ‘Insurance Gap’ presents to the insurance profession in Indonesia, if it can build greater capacity and awareness.
     

    Source : AIR | 01 Mar 2018
  • India: Insurance mart could expand by 230% to US$280 bln in 3 years

    India’s Vice President M Venkaiah Naidu has said that the domestic insurance industry is expected to grow to US$280 billion by 2020 from $84.72 billion in 2017 as the country is poised for higher economic growth.
     

    Source : AIR | 01 Mar 2018
  • Singapore: InsurTech newbie provides cover for Internet economy

    Singapore-based InsurTech company Axinan is creating products that are easily integrated into online marketplaces and platforms. It is focused on building innovative, high frequency/low premium services for the Internet economy.
     

    Source : AIR | 01 Mar 2018
  • Cybercrimes make healthcare sick

    Modern healthcare industry is highly evolved. However, with petabytes of sensitive and vital data, it has become vulnerable to cyber-crime prowlers. Employees have emerged as the weakest link in the chain. Continuous training and reskilling of human resource, at all levels can thwart at least 95% of cyber-attacks.
     

    Source : AIR | 01 Mar 2018
  • Look out for these what-if scenarios - WEF's 10 potential future shocks

    The growing complexity and interconnectedness of our global systems can lead to feedback loops, threshold effects and cascading disruptions. Sudden and dramatic breakdowns – future shocks – become more likely, according to the Global Risks Report 2018 published by the World Economic Forum.
     

    Source : AIR | 01 Mar 2018
  • Top connected risks trends in 2018 - Russell Group

    The relationship between public capital and private capital, macroeconomic risks and protectionism and data privacy are among the key connected risks trends that corporates need to be aware of in 2018, says a white paper from risk management and services software company Russell Group.
     

    Source : AIR | 01 Mar 2018
  • Product Bytes

    Source : AIR | 01 Mar 2018
  • Lloyd's: Seeking sustainable pricing for all

    On the sidelines of the 11th India Rendezvous 2018 in Mumbai, Ms Inga Beale, CEO of Lloyd’s of London, shared with us her thoughts on the global (re)insurance markets, especially in emerging Asia, and their focus on achieving a sustainable pricing for all. 
     

    Source : AIR | 01 Mar 2018
  • India's actuarial pioneers

    K A Pandit Consultants & Actuaries is India’s oldest actuarial firm and it is celebrating its 75th Anniversary this year. The firm is today a major player in the Indian market where it operates in the life insurance, non-life insurance and employee benefits space, and is also a member of Abelica Global, a global consortium of actuaries. We speak to Mr Dharmendra K Pandit, partner, on the journey so far and the role of actuaries in today’s highly automated industry.
     

    Source : AIR | 01 Apr 2018
  • AXIS Re: Committed to Asia

    AXIS Re combines the agility of a mid-sized company with the sophistication of a global player. Set up in 2001, it is now emerging as a serious player on the Asian reinsurance turf as well. Asia Insurance Review speaks with the new CEO of AXIS Re, Mr Steve Arora, to understand more about the reinsurer’s Asian commitment.
     

    Source : AIR | 01 Apr 2018
  • Go Big (data) or go home

    The 3rd Asia Conference on Big Data and Analytics for Insurance heard industry experts exchange insights aplenty from strategy and case studies, to recruitment and even a take glimpse at the next data frontier. Here are our top 10 takeaways.
     

    Source : AIR | 01 Apr 2018
  • What's next for InsurTech?

    Most insurance companies have now come to accept the importance of digital and have sought to incorporate some form of InsurTech as support and enhancement for their operations. But is it sufficient? Can the transformation agenda from analogue to digital progress purely by incorporating digital as a business support function? Or should the concept of integrating InsurTech look beyond the current paradigm of performance metrics and utilise new, forward-looking ones to allow digital as a separate business unit to be judged on its own worth?
     

    Source : AIR | 01 Apr 2018
  • Embarking on the digital trek to healthy growth

    Generali Thai’s Korakrit Khumruangrit rues the facts that Thailand’s non-life insurance market has seen weak growth since 2014 - but says that 2018 should improve as the government ramps up efforts to transform the economy.
     

    Source : AIR | 01 May 2018
  • Insurance Europe issues GDPR data breach notification template

    Insurance Europe, the European insurance and reinsurance federation, has issued a template for reporting data breaches to the UK Information Commissioner’s Office (ICO) under the General Data Protection Regulation (GDPR).
     

    Source : AIR | 01 May 2018
  • UnitedHealth and Humana launch blockchain pilot

    Two of the largest health insurance providers in the US announced in early April that they would pursue a blockchain pilot aimed at improving the quality of healthcare data.
     

    Source : AIR | 01 May 2018
  • News - AI creates new risks, even as it brings benefits to businesses - Allianz

    The widespread implementation of artificial intelligence (AI) applications brings many advantages for businesses,  such as increased efficiencies, fewer repetitive tasks and better customer experiences. However, in the wrong hands, the potential threats could easily counterbalance the huge benefits, as AI is vulnerable to risks especially cyber, said Allianz Global Corporate & Specialty’s (AGCS) The Rise of Artificial Intelligence: Future Outlook and Emerging Risks report.
     

    Source : AIR | 01 May 2018
  • Cognitive computing holds promise for life insurance customer service

    DXC Business Process Services’ Wayne Harrington argues that bringing cognitive computing to customer service will allow insurers to deliver a level of digital service comparable to that of any other industry.
     

    Source : AIR | 01 May 2018
  • Dancing in the dark - AI fights the unknown unknowns

    Darktrace’s Mr Sanjay Aurora digs deep into the use of artificial intelligence and machine learning to combat cyber threats that could have applications in the insurance sector.
     

    Source : AIR | 01 May 2018
  • Swiss Re India: Think big, get innovative and go digital

    Indian insurers want numbers! Both literally and figuratively! Expectations of the Indian customer are ever-evolving. She wants simple, one-click innovative customised solutions. Insurers can offer these, the digitalisation way. We speak with Ms Kalpana Sampat, CEO, Swiss Re India branch, and Mr Jonathan Anchen, Senior Vice President, Swiss Re Institute, to elicit their views on how to exploit the vast potential that the Indian insurance market has to offer but is untapped as yet.
     

    Source : AIR | 01 Jun 2017
  • Winning the InsurTech game

    The way in which insurers engage with InsurTech startups will be a major factor separating the winners from the losers, said speakers at Asia Insurance Review’s first InsurTech Summit. 
     

    Source : AIR | 01 Jun 2017
  • Non-life: Market, (un)disrupted

    The disruption discussion has permeated every corner of the insurance world, and Taiwan’s market is no different. How much innovation has taken root? Are local insurers ready to face disruptors? Should regulations be relaxed? Market leaders share their views.
     

    Source : AIR | 01 Jun 2017
  • Startup seeks to re-write tradition

    Diabetic patients have traditionally been shunned by underwriters, but things are about to change – if they have not already started. Health2Sync’s proprietary platform empowers patients to manage their condition, while giving insurers a new way to assess risk and offer protection to a demographic previously considered uninsurable, says CEO Ed Deng.
     

    Source : AIR | 01 Jun 2017
  • A simpler world of insurance

    Asia Insurance Review speaks with Digit Insurance appointed actuary Adarsh Agarwal on its mission to create a new experience for neo consumers – a simpler world of insurance.
     

    Source : AIR | 01 Jun 2018
  • There's more to be done

    A look at how the insurance industry is responding to the growing spectre of climate change as it brings in more devastating natural catastrophes.
     

    Source : AIR | 01 Jun 2018
  • New Zealand: Blockchain solution being developed for insurers

    New Zealand’s largest bank, ANZ, and IBM are working with Suncorp New Zealand to develop a blockchain solution for the insurance industry that will help make the data transfer and payment reconciliation process faster and more transparent between brokers and insurers.
     

    Source : AIR | 01 Jun 2018
  • Thailand: Regulator to set up platform to develop InsurTech

    The Office of Insurance Commission (OIC) will set up and administer the Insurtech Centre of Thailand (ICT) soon for data collection, technology exchange and insurance product development. 
     

    Source : AIR | 01 Jun 2018
  • Study says insurance industry dangerously unprepared for extreme weather

    As historic flooding caused by climate change devastated communities in Canadian states of New Brunswick and British Columbia, new research from the University of Waterloo revealed that the insurance industry has not considered a changing climate in their practices, putting homeowners at financial risk.
     

    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
  • Risk management not keeping pace with tech advances - Marsh/RIMS

    Emerging technologies continue to change rapidly the way businesses operate and interact with customers, but risk management processes are not keeping pace with the associated risks from these disruptive technologies, said a recent report published by Marsh and RIMS, the risk management society. 
     

    Source : AIR | 01 Jun 2018
  • How blockchain could revolutionise the insurance industry

    It seems clear that there are many applications for the use of blockchain technologies in the insurance sector. Mr Faisal Siddiqi of DXC Technology outlines some of the potential benefits - and looks at what the future might hold in store.
     

    Source : AIR | 01 Jun 2018
  • AI: Helping people become more human

    Some have viewed companies’ adoption of artificial intelligence (AI) with reluctance, suspicion and fear of being displaced. But software startup Flamingo says the use of AI can make humans more hu-man with its efficiency outcome. 
     

    Source : AIR | 01 Jul 2017
  • Insurance CFOs' challenge - Maximising technology for business

    Moore Stephens Advisory Services Managing Director Patrick Rozario reflects on the 11th Asian Insurance CFO Summit 2017, and says there is now a clear demand and wish for a greater degree of interface across both the transactional and back-office operations.
     

    Source : AIR | 01 Jul 2017
  • Putting the "auto" in automobile

    The automobile industry is set to be changed drastically with the introduction of automated vehicles. We sat down with Mr Richard Jinks, Head of Portfolio Solutions – Insurance at XL Catlin, who has been working with leading robotics researcher Oxbotica on perfecting the formula for driverless cars.
     

    Source : AIR | 01 Jul 2017
  • Delivering real solutions through innovation

    Ms Regine Lai, Managing Director of Insurance Republic, is a Singaporean who has made her entrepreneurial mark across Asia and Europe over the last 10 years; specialising in brand consulting for retail, banking & finance and insurance entities. She recently led the launch of Insurance Republic’s new app, my-insurer.
     

    Source : AIR | 01 Jul 2017
  • Blurred lines: Cyber insurance and the risks that come with it

    Cyber risks are everywhere as the world becomes more digitalised. Ms Cecilia Chang of GC&C Asia says while traditional policies may cover some cyber risks, there are serious gaps in that cover. A comprehensive cyber insurance solution is needed in such cases. 
     

    Source : AIR | 01 Jul 2017
  • Disrupting catastrophe modelling

    Risk Spatial founder Nick Hassam says Open Modelling and Big Data can disrupt the catastrophe modelling process – but who will implement it? founder Nick Hassam says Open Modelling and Big Data can disrupt the catastrophe modelling process – but who will implement it?
     

    Source : AIR | 01 Jul 2017
  • Insurance technology trends and success factors for business transformation

    Mr Daniel Angelucci of DXC Technology explains the two trends that will shape insurance technology and insurance companies for the next few years. 
     

    Source : AIR | 01 Jul 2017
  • MSIG: Speed in the hour of need

    MSIG Asia CEO Alan Wilson says helping customers when they are most vulnerable is key and is what runs through the insurer’s DNA. He explains how the company’s latest digital initiative promises haste in its claims service, so its insureds may be relieved of unnecessary stress in the wake of an accident.
     

    Source : AIR | 01 Aug 2017
  • The CEO's guide: Leading the digital transformation

    We bring you the crucial tips that every CEO today should have to successfully implement digital change as suggested by the Boston Consulting Group.
     

    Source : AIR | 01 Aug 2017
  • 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
  • CAT resilience: Cementing the cornerstones

    Experts and regulators at the 15th Conference on Catastrophe Insurance in Asia exhorted the industry and countries alike to collaborate and beef up disaster risk management in the face of increasingly volatile risks. 
     

    Source : AIR | 01 Aug 2017
  • Asia: CIOs to forge ahead on InsurTech battleground

    The rise of InsurTech has led insurers to change their approach to managing business. The large incumbents face competition from startups springing up across the globe, and need to decide whether to accept them as partners or rivals. 
     

    Source : AIR | 01 Aug 2017
  • Asia: SMART pensions for ageing populations

    The pensions industry is facing a massive challenge. Across Asia, populations are ageing as genetics and technology add years of life, and emphasis is placed on their healthcare. Regulators are cognisant that the pension schemes of yesteryear are no longer sustainable and need to be overhauled. At the same time, affluence has created a higher demand for sophisticated retirement planning and solutions. 
     

    Source : AIR | 01 Aug 2017
  • Thailand: Online car insurance broking startup targets US$3 bln premiums in 1st year

    Carpool Insurance Broker, a Thai InsurTech firm, is aiming for THB100 million (US$3 million) of premiums during its first year of operations.
     

    Source : AIR | 01 Aug 2017
  • Global: Cyber can be as destructive as hurricanes in terms of losses

    E conomic losses from cyber events have the potential to be as large as those caused by major hurricanes, yet less than 20% of losses are covered by insurance, according to Lloyd’s in a report co-written with risk modelling firm Cyence.
     

    Source : AIR | 01 Aug 2017
  • Risk management across supply chain vital to cyber defence

    The interconnected and unbounded nature of the cyber means that each company is vulnerable to risks from each partner in the ecosystem. Cyber security requires a collaborative effort supported by information sharing, said speakers at the 2nd Asia Cyber Risk Summit. 
     

    Source : AIR | 01 Aug 2017
  • Are there bubbles in Zhong An Insurance's IPO?

    After prolonged speculation of Zhong An Insurance going public, the InsurTech unicorn has finally made a move. The online insurer formally filed for an IPO in the Hong Kong Stock Exchange on 30 June and the news has garnered much attention from not only the insurance community, but also the wider financial services industry, observes Chinese InsurTech platform InsurView.
     

    Source : AIR | 01 Aug 2017
  • Automation Insurance: Threat or Opportunity?

    The future is becoming less predictable every day. If insurers want to stay relevant to tomorrow’s needs, Mr Benjamin Pring of Cognizant says they must build agility into everything.
     

    Source : AIR | 01 Aug 2017
  • Changing the cyber game in Singapore

    The recent launch of Delta Insurance Singapore, a sister company to Delta Insurance New Zealand, introduced the first cyber, technology and financial lines Lloyd’s Coverholder in the country. We sit down with Mr Eugene Cheong, its Managing Director, to find out more about its tech focus and unique approach to cyber insurance.
     

    Source : AIR | 01 Aug 2017
  • Asia: Towards regional disaster risk management

    The four key enablers of technology and data; product innovation; research and development; and an integrated ASEAN market, can be deployed to put Asia in a strong position to address the challenges of effective assessment, management and transfer of disaster risks, said Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, who spoke at the recent 8th Institute of Catastrophe Risk Management (ICRM) Symposium held in Singapore.
     

    Source : AIR | 01 Sep 2017
  • Prevailing through humanity

    Despite disruption, the rise of artificial intelligence, agents and advisers will continue to play an important role in life insurance in the near term. This can be achieved by honing in on the human traits in advice that technology can never quite replace.
     A 
     

    Source : AIR | 01 Sep 2017
  • Are you ready for the insurance world of 2025?

    More insurers are recognising the importance of cognitive technology. But what are the five basic questions to be asked before starting this journey? Mr Kenny Hay of IBM ASEAN offers the answers.
     

    Source : AIR | 01 Sep 2017
  • Loss of Indian science was a gain for the Indian insurance industry

    Asia Insurance Review caught up with Mr Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance Company, who was recognised as a LinkedIn Power Profile for the third consecutive year – a hat trick!  In this exclusive, the insurance stalwart shares his thoughts on a variety of issues including digitalisation and building good corporate culture.
     

    Source : AIR | 01 Sep 2017
  • Hearty hopes for life

    Like the general insurance sector, Malaysia’s life market is undergoing change. However, while the general sector reported sluggish growth, local life insurers fared relatively well in 2016, with new business premiums rising by 6.9% to MYR9.75 billion (US$2.3 billion). LIAM President Toi See Jong and AIA Bhd CEO Anusha Thavarajah take stock of the industry and share their insights on its future direction.
     

    Source : AIR | 01 Sep 2017
  • General insurance: In for DyNAmic changes

    Malaysia’s general insurance sector reported sluggish growth for a second year running, stalled largely by economic headwinds. But insurers are unfazed as they set their sights on embracing market liberalisation and disruption, while noting the market needs to dig deep and transform from within. 
     

    Source : AIR | 01 Sep 2017