Insurance Asia - Issue No. 22

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Asia's insurance sector faces a challenging year, with thetop 50 insurers in Singapore experiencing a 3.7% asset decline and the top 50 insurers in Hong Kong seeing a 7.7% premium decline. Our analysis delves into the market's current struggles and the strategies being implemented to navigate these tough times. Find out more on pages 20 and 22.

Mid-level snags stall women's C-suit climb

Women’s representation in C-suite roles grew to over a quarter in the past five years. However, this persists to be a needle in a haystack progress with 90% of women under 30 years old are aspiring to level-up.

2 mins

How SMEs boost growth for embedded insurance

Insurers leveraging on embedded insurance’s capability is not enough to deter the widening global protection gap, with Asia Pacific accounting for nearly half of all uninsured risk. Thus, insurers like Zurich forecast a trend where this costreducing industry will grow: small and medium enterprises (SMEs).

2 mins

IA warns of risks in premium financing amidst rate hikes

Hong Kong’s Insurance Authority (IA) cautioned that premium financing, whilst offering potential benefits, carries inherent risks, particularly in periods of rising interest rates.

1 min

Allianz Syariah ramps up Sharia literacy drives

The company organises educational roadshows and offers free sharia insurance in Bogor City.

2 mins

Insurers prep for Asia's regulatory shake-up

Recent regulatory changes in countries like Vietnam, Thailand, and Indonesia are shaping the future of Asia's insurance industry.

2 mins

Travel insurance sales in Hong Kong soar after unprecedented holiday boom

506,953 residents flew out of Hong Kong on 23 December alone, up 1,727.56% from the previous year.

2 mins

Insurance underwriting falters under global stagflation

A Swiss Re Institute analyst underscored that real premium growth in emerging markets, including China, outpaces the more advanced economies.

3 mins

To lead and to lag: APAC insurance's conflicted AI journey

Investments in APAC account for 24% of the total AI market size, yet 41% still cling to outdated tech.

2 mins

Singapore's top 50 insurers see 3.7% YoY asset decline

Experts' industry outlook for 2023-2024 centre on digital evolution with Al, protection gaps, strategic partnerships, and resilience amidst challenges.

3 mins

Hong Kong's top 50 insurers experience 7.7% YoY premium contraction

Analysts said the market's complex financial environment and shrinking population curtailed industry growth.

2 mins

InterContinental SG is saving insurance for a rainy day

NUS Professor Charoenwong discusses the effectiveness and value of a Singaporean hotel's rain insurance offer.

3 mins

How Singlife fights low insurance penetration rates

It offers embedded insurance products through digital wallets like GCash.

2 mins

Why Emerging Markets In The Region Are Most Vulnerable To Insurance Risks

Analysts have named five risks that the Asian insurance sector will have to navigate in the coming months.

3 mins

Vietnam's insurers armour up for tech challenges

Insurers adopting digital tech eye double-digit growth.

2 mins

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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.