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This year sees a greater urgency to address the issues threatening the insurance industry. The sector is experiencing a snail’s pace climb in profits, pricing pressures, and slow organic demand.

Climate risk is burning billions in Asia’s insurance industry, with the costliest recorded natural disaster in the region topping $2b.

The increase in profits is still too slow for Taiwan’s insurance industry, with its insurance penetration at 1%. Meanwhile, the looming threat of climate change can blindside Australia’s growing general insurance industry.

We chatted with Fumihiko Harada, CEO of PGA Sompo, on the fateful car accident that propelled him to a career in the insurance industry. Read the exclusive interview on page 14. We also talked with Melita Teo, AIA Singapore’s Chief Customer and Digital Officer, about the company’s new app Xplore with Ally, a smart calculator that helps customers with their financial wellness journey. See the full story on page 16.

Insurance Asia also features its annual Top 50 insurance firms from Singapore and Hong Kong. Digital dominance and healthtech helped Singapore mitigate losses, while health and wellness products remain a priority for Hong Kong. See the complete rankings on pages 28 and 32.

Read on and enjoy!

Insurance Asia Magazine Description:

Insurance Asia Magazine is a half-yearly magazine that covers the latest news, trends, and developments in the insurance industry in Asia. The magazine is published by Charlton Media Group and is available in print and digital formats.

Insurance Asia is aimed at senior management in Asia's insurance companies, as well as government officials, industry experts, and investors. The magazine provides readers with in-depth analysis, expert insights, and practical advice on how to succeed in the increasingly challenging and competitive Asian insurance market.

Each issue of Insurance Asia features a mix of editorial content, including:

* News and analysis: The magazine provides comprehensive coverage of the latest news and trends in the Asian insurance industry, including new product launches, regulatory changes, and financial results.
* Interviews: Insurance Asia features interviews with key decision-makers in the Asian insurance industry, including CEOs, CFOs, and government officials.
* Special reports: The magazine regularly publishes special reports on specific topics related to the Asian insurance industry, such as digital insurance, climate risk, and regulatory compliance.
* Case studies: Insurance Asia features case studies of successful insurance companies and initiatives in the Asia Pacific region.
* Product reviews: Insurance Asia reviews the latest insurance products and services.
* Columns and features: The magazine features columns and features on a variety of topics related to the insurance industry, such as risk management, underwriting, and claims.

Insurance Asia is a must-read for anyone who wants to stay up-to-date on the latest happenings in the Asian insurance industry. The magazine is known for its high-quality journalism, its in-depth analysis, and its expert insights.