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.

CHRIS TAN Digital dilemma: Invest in resilience or risk disruption?

As loss prevention engineers specialising in the resilience of data centres around the world, we have visited our fair share of locations where fire, flood, and other disasters have laid waste to the very data and telecommunications networks that we have sworn to be dedicated to protecting.

Vietnam's insurers armour up for tech challenges

Insurers adopting digital tech eye double-digit growth.

How Singlife fights low insurance penetration rates

It offers embedded insurance products through digital wallets like GCash.

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.

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.

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.

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Investments in APAC account for 24% of the total AI market size, yet 41% still cling to outdated tech.

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.

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.

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.

Allianz Syariah ramps up Sharia literacy drives

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

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.

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).

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.

Asian insurers' AI-readiness dictates their competitive advantage

Experts reveal why insurers that adapted Al earlier are now realising bigger extra earnings or cost reductions.