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Capital pressures linger as insurers adopt new accounting rule in South Korea
Capital pressures linger as insurers adopt new accounting rule in South Korea
IFRS 17 adoption is seen to improve insight into margins and reserves, increase motivation for long-term profitability, and better global comparability for insurers.
Nature’s wrath pushes insurers to reshape risk adaptability
Experts shared the reality of cost-efficiency whilst minimising the protection gap.
Cover Genius redefines insurance with embedded protection technology
The insurtech eyes expansion in Asia, leveraging on the symbiotic relationship of digital and traditional insurance to tailor policies for diverse markets.
How InsurSaathi is fast-tracking onboarding of new agents in rural India
InsurSaathi comes with an in-built insurance training module, all done remotely.
MNC Life Assurance employs media advantage for market expansion
CEO Risye Dillianti harnesses the power of media to expand MNC Life’s outreach and education whilst securing almost 300,000 clients.
PSAK 74, transforming insurance practices in Indonesia for the better
The new method of presenting financial reports boosts transparency and market confidence in the insurance industry.
Great Eastern bridges sustainability and insurance through portfolio integration
The Singaporean insurer emphasised the role that sustainability compliance plays amongst insurers even as green investments face a supply-demand issue.
Ciputra Life goes beyond its captive market by addressing customer pain points
Its customer-centric approach results in 60% non-captive customers
Qoala on a tech-driven mission to insure more Malaysians
Its online platform promotes financial literacy and strategic partnerships, aligned with the government’s insurance agenda.
Zurich Indonesia’s AI upgrade speeds up vehicle policies
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 leads the way in cloud-powered insurance services
Tune Protect’s Prasanta Roy tackles digitalisation and overcoming regulatory challenges for efficient, scalable, and secure services at 2023 Insurance Asia Forum.
FWD Insurance Indonesia provides customer-friendly flagship product
Through innovative approaches, this insurance company achieved a net premium of IDR1.88t (US$124.7m) in 2022.
Zurich Malaysia aims for positive sustainable impact with refreshed ESG framework
Insurer’s 2023-2025 framework hopes to foster sustainability.
The future of Asian insurance: sustainable, digital, generation “Z”
Insurance leaders and experts shared the common denominators that insurers are struggling with along with the future of the industry and who it is for.
Allianz Indonesia taps millennial agents and digitalisation to reach more customers
Of its 40,000 agents, 60% belong to the next generation—the younger, tech-savvy, and diverse workforce.
InsuranceDekho building one-stop-shop to solve India’s fragmented insurance ecosystem
The insurtech firm secured $150m in Series A funding round
Great Eastern digitises processes to reach untapped Indonesian insurance market
This effort succeeded in optimising their financial performance with a net profit of $ 1.98m (IDR 31b)
Commentary
For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness