The year 2017 was another record-breaking year of insured losses, but Asia managed to catch some respite with economic and insured losses substantially lower than previous years. Allianz Re regional CEO Kenrick Law takes stock of Asia's performance last year as he outlines the trends potentially set to dominate the industry in 2018.
Hong Kong, Japan and Singapore are Asia's most resilient countries, ranking in the top 30 of the 2018 FM Global Resilience Index.
Mr Tom Jutte, President-Director of PT Maskapai Asuransi Nasuha, looks at the growth of health care in Indonesia, and is optimistic about the prospects for the health insurance industry there.
The reinsurance industry is forecast to post more than 10% growth this year in terms of premiums, according to the Indonesian General Insurance Association (AAUI).
The threat of terrorism and the political agenda in Indonesia until 2019 will trigger an increase in demand for terrorism insurance, says Mr Robby Loho, chairman of the Indonesian Insurance Industry Development Consortium-Terrorism and Sabotage (KPIAI-TS).
Prospects for life insurance business in Indonesia are looking up because of the country's potential for economic growth and the staging of regional elections that would stimulate public consumption.
President Joko Widodo has signed a long awaited regulation that sets the maximum foreign ownership limit in insurance companies at the prevailing 80%.
How many insurance agents is enough to serve a market and close the protection gap?
The Ministry of State-Owned Enterprises is continuing to work on forming state-owned insurance holding companies. The goal is to enhance the companies' capability to raise capital and achieve greater operational efficiency.