![Insurance Asia Magazine - Issue No. 23 Insurance Asia Magazine Cover - Issue No. 23 Edition](https://files.magzter.com/resize/magazine/1638409320/1733451922/view/1.jpg)
![Gold Icon](/static/images/goldicons/gold-sm.png)
Insurance Asia Magazine - Issue No. 23![Add to My Favorites Add to Favorites](/static/icons/filled.svg)
![](/static/icons/sharenew.svg)
Go Unlimited with Magzter GOLD
Read Insurance Asia along with 9,000+ other magazines & newspapers with just one subscription View catalog
1 Month $9.99
1 Year$99.99 $49.99
$4/month
Subscribe only to Insurance Asia
1 Year$29.98 $16.99
Buy this issue $14.99
In this issue
Months after the CrowdStrike meltdown shook industries worldwide, insurers are scrambling to reevaluate their risk appetites for system failures. With billions in corporate and economic losses, experts say that cyber insurance premiums may rise to cover both hacking incidents and nonmalicious disruptions—a critical shift for businesses navigating an increasingly digital world. Read more on page 12.
Public backlash blocks Income-Allianz merger
The failed merger between Singapore’s Income Insurance and Allianz showed that companies should not solely base their financial decisions on the bottom line; public sentiment is just as important.
![Public backlash blocks Income-Allianz merger Public backlash blocks Income-Allianz merger](https://reseuro.magzter.com/100x125/articles/26159/1919593/K7FONt5_Q1733744635837/PUBLIC-BACKLASH-BLOCKS-INCOMEALLIANZ-MERGER.jpg)
2 mins
DATA PROTECTION LAWS PRESSURE IT SYSTEMS
A growing consensus amongst insurers that integrating technology is proving to be the most challenging aspect, despite their successes built on legacy systems.
![DATA PROTECTION LAWS PRESSURE IT SYSTEMS DATA PROTECTION LAWS PRESSURE IT SYSTEMS](https://reseuro.magzter.com/100x125/articles/26159/1919593/PQ78XbUkC1733744574605/DATA-PROTECTION-LAWS-PRESSURE-IT-SYSTEMS.jpg)
1 min
TOURISM SURGE LEADS TO MORE UNINSURED PATIENTS AT JAPANESE HOSPITALS
As Japan experiences a surge in tourism, the country's top-tier medical facilities are seeing a rise in foreign patients seeking treatment. However, a significant number of these patients are leaving without paying their bills.
![TOURISM SURGE LEADS TO MORE UNINSURED PATIENTS AT JAPANESE HOSPITALS TOURISM SURGE LEADS TO MORE UNINSURED PATIENTS AT JAPANESE HOSPITALS](https://reseuro.magzter.com/100x125/articles/26159/1919593/a1Yu0hmyi1733744771637/TOURISM-SURGE-LEADS-TO-MORE-UNINSURED-PATIENTS-AT-JAPANESE-HOSPITALS.jpg)
1 min
K-pop craze may spur demand for hourly travel cover
Income Insurance is banking on millennials and Gen Zs crazy about K-pop to drive the demand for its hourly travel insurance plan, which has been expanded to over a dozen more destinations in Asia, including South Korea.
![K-pop craze may spur demand for hourly travel cover K-pop craze may spur demand for hourly travel cover](https://reseuro.magzter.com/100x125/articles/26159/1919593/-zTtqtLar1733744721389/KPOP-CRAZE-MAY-SPUR-DEMAND-FOR-HOURLY-TRAVEL-COVER.jpg)
1 min
AIA Investments recognised for global stewardship, strategic partnerships
The company continues to leverage strategic partnerships and a first-to-market Elite Strategy to deliver superior, diversified returns for its customers.
![AIA Investments recognised for global stewardship, strategic partnerships AIA Investments recognised for global stewardship, strategic partnerships](https://reseuro.magzter.com/100x125/articles/26159/1919593/WmC68Zycd1733744803573/AIA-INVESTMENTS-RECOGNISED-FOR-GLOBAL-STEWARDSHIP-STRATEGIC-PARTNERSHIPS.jpg)
1 min
AIA Group's Hong Kong HQ pairs workspaces with modern sports facilities
The revamped office space at Wan Chai now features an indoor track, gym and sports hall.
![AIA Group's Hong Kong HQ pairs workspaces with modern sports facilities AIA Group's Hong Kong HQ pairs workspaces with modern sports facilities](https://reseuro.magzter.com/100x125/articles/26159/1919593/G6zqy5IDk1733744879117/AIA-GROUPS-HONG-KONG-HQ-PAIRS-WORKSPACES-WITH-MODERN-SPORTS-FACILITIES.jpg)
1 min
CrowdStrike meltdown may push up cyber insurance premiums
Insurers are refining their policies after the global tech outage to better manage risks.
![CrowdStrike meltdown may push up cyber insurance premiums CrowdStrike meltdown may push up cyber insurance premiums](https://reseuro.magzter.com/100x125/articles/26159/1919593/Y2HL8guSB1733745150837/CROWDSTRIKE-MELTDOWN-MAY-PUSH-UP-CYBER-INSURANCE-PREMIUMS.jpg)
2 mins
Zurich powers up its EV coverage with Tesla partnership in Australia
The Swiss insurer is simplifying coverage to help cut the cost of buying an electric car.
![Zurich powers up its EV coverage with Tesla partnership in Australia Zurich powers up its EV coverage with Tesla partnership in Australia](https://reseuro.magzter.com/100x125/articles/26159/1919593/vP4sW5cqD1733745220493/ZURICH-POWERS-UP-ITS-EV-COVERAGE-WITH-TESLA-PARTNERSHIP-IN-AUSTRALIA.jpg)
2 mins
Filipino gamers boost FWD's play for new markets
Besides covering health risks, the insurer plans to support other game genre and aspects of the gaming ecosystem beyond esports.
![Filipino gamers boost FWD's play for new markets Filipino gamers boost FWD's play for new markets](https://reseuro.magzter.com/100x125/articles/26159/1919593/A3pCKOywV1733745329325/FILIPINO-GAMERS-BOOST-FWDS-PLAY-FOR-NEW-MARKETS.jpg)
3 mins
Poor Tech Locks Insurers Into Outdated Systems
Only 56% of local insurance companies in Indonesia use IT, and 38% have not embraced digital marketing channels.
![Poor Tech Locks Insurers Into Outdated Systems Poor Tech Locks Insurers Into Outdated Systems](https://reseuro.magzter.com/100x125/articles/26159/1919593/l2vcNMtWm1733745422054/Artificial-Intelligence.jpg)
3 mins
Five goals help Allianz Lanka meet market needs
The market is expected to climb at a CAGR of 8% which insurers need to take advantage of.
![Five goals help Allianz Lanka meet market needs Five goals help Allianz Lanka meet market needs](https://reseuro.magzter.com/100x125/articles/26159/1919593/XvkPOLMwn1733745486269/FIVE-GOALS-HELP-ALLIANZ-LANKA-MEET-MARKET-NEEDS.jpg)
3 mins
HSBC Life taps key channels to grow its HK footprint
The life insurer wants to offer solutions beyond traditional products, its CEO says.
![HSBC Life taps key channels to grow its HK footprint HSBC Life taps key channels to grow its HK footprint](https://reseuro.magzter.com/100x125/articles/26159/1919593/o7Ed9sKEU1733745581125/HSBC-LIFE-TAPS-KEY-CHANNELS-TO-GROW-ITS-HK-FOOTPRINT.jpg)
3 mins
What Insurers Must Do To Withstand Market Shifts
Whilst the market drives towards growth, new rules shrink insurer presence.
![What Insurers Must Do To Withstand Market Shifts What Insurers Must Do To Withstand Market Shifts](https://reseuro.magzter.com/100x125/articles/26159/1919593/Qci5IC2Bn1733745650069/Insurance.jpg)
3 mins
Paving the way for Gen Al: Technology foundation and strategic sponsorship
One of the ways to win the race to adopt Generative AI (Gen AI) and turn it into a competitive advantage is to have strong support and endorsement from the highest levels of an organisation’s leadership.
![Paving the way for Gen Al: Technology foundation and strategic sponsorship Paving the way for Gen Al: Technology foundation and strategic sponsorship](https://reseuro.magzter.com/100x125/articles/26159/1919593/U0CVuUD081733745765510/PAVING-THE-WAY-FOR-GEN-AL-TECHNOLOGY-FOUNDATION-AND-STRATEGIC-SPONSORSHIP.jpg)
3 mins
AIA Myanmar ranks in top 100 MDRT companies globally, #1 MDRT company for 4th year
This recognition underscores the company's commitment to excellence, innovation, and community impact.
![AIA Myanmar ranks in top 100 MDRT companies globally, #1 MDRT company for 4th year AIA Myanmar ranks in top 100 MDRT companies globally, #1 MDRT company for 4th year](https://reseuro.magzter.com/100x125/articles/26159/1919593/ZIdZzMfBZ1733746049190/AIA-MYANMAR-RANKS-IN-TOP-100-MDRT-COMPANIES-GLOBALLY-1-MDRT-COMPANY-FOR-4TH-YEAR.jpg)
2 mins
AIA Singapore elevates industry standards with triple win at Insurance Asia Awards 2024
AIA Singapore has once again affirmed its leadership and commitment to advancing the insurance sector in Singapore by securing top accolades at the Insurance Asia Awards 2024.
![AIA Singapore elevates industry standards with triple win at Insurance Asia Awards 2024 AIA Singapore elevates industry standards with triple win at Insurance Asia Awards 2024](https://reseuro.magzter.com/100x125/articles/26159/1919593/RcNXuW7Zb1733746156918/AIA-SINGAPORE-ELEVATES-INDUSTRY-STANDARDS-WITH-TRIPLE-WIN-AT-INSURANCE-ASIA-AWARDS-2024.jpg)
2 mins
Digital tools aid but fail to close inclusivity gaps
Inclusivity is not just about access, but also about financial sophistication.
![Digital tools aid but fail to close inclusivity gaps Digital tools aid but fail to close inclusivity gaps](https://reseuro.magzter.com/100x125/articles/26159/1919593/fHh8hKje71733746235894/DIGITAL-TOOLS-AID-BUT-FAIL-TO-CLOSE-INCLUSIVITY-GAPS.jpg)
3 mins
Insurance Asia Awards 2024 spotlights groundbreaking innovation
The Insurance Asia Awards, the most prestigious awards programme in the Asia Pacific region, recognised and celebrated insurance companies that have achieved outstanding milestones, set new benchmarks, and demonstrated remarkable innovation in the industry.
![Insurance Asia Awards 2024 spotlights groundbreaking innovation Insurance Asia Awards 2024 spotlights groundbreaking innovation](https://reseuro.magzter.com/100x125/articles/26159/1919593/D3cUw-brw1733746376598/INSURANCE-ASIA-AWARDS-2024-SPOTLIGHTS-GROUNDBREAKING-INNOVATION.jpg)
2 mins
A legacy of excellence
Client-centric approach, innovative solutions, and strong leadership drive Peak Re's success.
![A legacy of excellence A legacy of excellence](https://reseuro.magzter.com/100x125/articles/26159/1919593/Oi-Pco7FJ1733746925934/A-LEGACY-OF-EXCELLENCE.jpg)
3 mins
The happiness message behind a unique family relay race
The Happy Ekiden semi-professional relay race by MB Ageas Life is a significant highlight of the \"Healthy Happiness\" campaign, resonating strongly within the community.
![The happiness message behind a unique family relay race The happiness message behind a unique family relay race](https://reseuro.magzter.com/100x125/articles/26159/1919593/MtwveXAzc1733747013383/THE-HAPPINESS-MESSAGE-BEHIND-A-UNIQUE-FAMILY-RELAY-RACE.jpg)
2 mins
Pru Life UK named International Life Insurer of the Year - Philippines for four consecutive years
This victory highlights the company's exceptional impact on the insurance industry and its customers.
![Pru Life UK named International Life Insurer of the Year - Philippines for four consecutive years Pru Life UK named International Life Insurer of the Year - Philippines for four consecutive years](https://reseuro.magzter.com/100x125/articles/26159/1919593/ValRRDYHv1733747098343/PRU-LIFE-UK-NAMED-INTERNATIONAL-LIFE-INSURER-OF-THE-YEAR-PHILIPPINES-FOR-FOUR-CONSECUTIVE-YEARS.jpg)
1 min
Prudential Vietnam wins hat-trick at the Insurance Asia Awards 2024
The company clinched a trio of accolades, including International Life Insurer of the Year, ESG Initiative of the Year, and Claims Initiative of the Year.
![Prudential Vietnam wins hat-trick at the Insurance Asia Awards 2024 Prudential Vietnam wins hat-trick at the Insurance Asia Awards 2024](https://reseuro.magzter.com/100x125/articles/26159/1919593/6izdR9Gvb1733747177654/PRUDENTIAL-VIETNAM-WINS-HATTRICK-AT-THE-INSURANCE-ASIA-AWARDS-2024.jpg)
2 mins
Dai-ichi Life Insurance Myanmar has been recognised for Insurance Initiative of the Year 2024
With a robust expansion strategy, innovative financial solutions, and a commitment to community wellbeing, the company is strengthening Myanmar's insurance sector.
![Dai-ichi Life Insurance Myanmar has been recognised for Insurance Initiative of the Year 2024 Dai-ichi Life Insurance Myanmar has been recognised for Insurance Initiative of the Year 2024](https://reseuro.magzter.com/100x125/articles/26159/1919593/OvjeRH6tF1733747242990/DAIICHI-LIFE-INSURANCE-MYANMAR-HAS-BEEN-RECOGNISED-FOR-INSURANCE-INITIATIVE-OF-THE-YEAR-2024.jpg)
2 mins
Great Eastern grooming financial representatives to become the industry's best
This dedication has helped the company produce top-tier financial representatives who are well-equipped to serve clients and excel in their careers.
![Great Eastern grooming financial representatives to become the industry's best Great Eastern grooming financial representatives to become the industry's best](https://reseuro.magzter.com/100x125/articles/26159/1919593/8GOxrw9Tp1733747325846/GREAT-EASTERN-GROOMING-FINANCIAL-REPRESENTATIVES-TO-BECOME-THE-INDUSTRYS-BEST.jpg)
2 mins
Etiqa Insurance launches Tiq CashSaver: A simple solution for short- to medium-term savings
Tiq CashSaver by Etiqa Insurance offers flexible, accessible endowment plans to build one's financial security and achieve short-term goals.
![Etiqa Insurance launches Tiq CashSaver: A simple solution for short- to medium-term savings Etiqa Insurance launches Tiq CashSaver: A simple solution for short- to medium-term savings](https://reseuro.magzter.com/100x125/articles/26159/1919593/E1ZmYxFkz1733747408367/ETIQA-INSURANCE-LAUNCHES-TIQ-CASHSAVER-A-SIMPLE-SOLUTION-FOR-SHORT-TO-MEDIUMTERM-SAVINGS.jpg)
2 mins
Cathay Life insurance strongly supports anti-drug, anti-fraud initiatives
Cathay Life Insurance secured the ESG Initiative of the Year - Taiwan win at the Insurance Asia Awards 2024 by creating an anti-drug and anti-fraud safety net for all age groups.
![Cathay Life insurance strongly supports anti-drug, anti-fraud initiatives Cathay Life insurance strongly supports anti-drug, anti-fraud initiatives](https://reseuro.magzter.com/100x125/articles/26159/1919593/McqfHIuVY1733747492775/CATHAY-LIFE-INSURANCE-STRONGLY-SUPPORTS-ANTIDRUG-ANTIFRAUD-INITIATIVES.jpg)
2 mins
Cocogen remains committed, compassionate, and genuine amidst insurance innovations
The company was recognised at Insurance Asia Awards 2024 for its commitment to innovation and customer service.
![Cocogen remains committed, compassionate, and genuine amidst insurance innovations Cocogen remains committed, compassionate, and genuine amidst insurance innovations](https://reseuro.magzter.com/100x125/articles/26159/1919593/evTGrmZrM1733747587486/COCOGEN-REMAINS-COMMITTED-COMPASSIONATE-AND-GENUINE-AMIDST-INSURANCE-INNOVATIONS.jpg)
2 mins
Simplifying health and retirement planning
360Health and 360Future provide comprehensive, personalized support for physical, mental, and financial wellbeing, from preventative care to post-retirement life management.
![Simplifying health and retirement planning Simplifying health and retirement planning](https://reseuro.magzter.com/100x125/articles/26159/1919593/So6RvmbQG1733747656543/SIMPLIFYING-HEALTH-AND-RETIREMENT-PLANNING.jpg)
2 mins
One by MetLife app sets new standard in Nepal
With its user-friendly interface and comprehensive services, the app empowers users to take control of their health and financial futures.
![One by MetLife app sets new standard in Nepal One by MetLife app sets new standard in Nepal](https://reseuro.magzter.com/100x125/articles/26159/1919593/637YWlPmU1733747724031/ONE-BY-METLIFE-APP-SETS-NEW-STANDARD-IN-NEPAL.jpg)
1 min
EDUARD SARGSYAN
Intelligent decisioning: The essential element of a modern, customer-centric insurance business
![EDUARD SARGSYAN EDUARD SARGSYAN](https://reseuro.magzter.com/100x125/articles/26159/1919593/Fi-ECXcp-1733747807535/EDUARD-SARGSYAN.jpg)
3 mins
Insurance Asia Magazine Description:
Publisher: Charlton Media Group
Category: Business
Language: English
Frequency: Half-yearly
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.
Cancel Anytime [ No Commitments ]
Digital Only