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New data suggests young beats old in appetite for investments.

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

Customer centricity, modern capabilities, and humanising the insurance offerings can make a difference, says the CEO.

Analysts said that investments have been significantly beneficial to insurers, most especially in Singapore and China.

Singlife’s group CEO touched on Singapore’s complex insurance market as well as its pain points as a society in the digital age.

IFRS 17 adoption is seen to improve insight into margins and reserves, increase motivation for long-term profitability, and better global comparability for insurers.

Experts shared the reality of cost-efficiency whilst minimising the protection gap.

The insurtech eyes expansion in Asia, leveraging on the symbiotic relationship of digital and traditional insurance to tailor policies for diverse markets.

InsurSaathi comes with an in-built insurance training module, all done remotely.

CEO Risye Dillianti harnesses the power of media to expand MNC Life’s outreach and education whilst securing almost 300,000 clients.

The new method of presenting financial reports boosts transparency and market confidence in the insurance industry.

The Singaporean insurer emphasised the role that sustainability compliance plays amongst insurers even as green investments face a supply-demand issue.

Its customer-centric approach results in 60% non-captive customers

Its online platform promotes financial literacy and strategic partnerships, aligned with the government’s insurance agenda.

AI streamlines appraisal and is part of the insurance firm’s P&C business growth, which experienced a remarkable 20% growth in GWP during Q1 of 2023.

Tune Protect’s Prasanta Roy tackles digitalisation and overcoming regulatory challenges for efficient, scalable, and secure services at 2023 Insurance Asia Forum.