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This week in insurance: Philippines protection gap flagged, cyber risks intensify, insurers push simpler products
This week in insurance: Philippines protection gap flagged, cyber risks intensify, insurers push simpler products
The country’s life insurance penetration is only at 1.8%.
HDI Global appoints David Wilson as Global Head of Claims Energy & Power
He joins HDI from Allianz with 10-year experience.
Lockton China names Livy Dai as new CEO
He will be based in Shanghai, reporting to Lockton Greater China CEO Alex Yip.
Women take 53% majority as Allianz Life recruitment flips the gender script
Female agency recruits surpass men at Allianz Life Malaysia amidst shift to flexible careers.
MS&AD taps MSIG Asia CEO for global strategy role
Philippi will become executive officer and chief strategy officer for int’l operations from 1 April.
Coface hires 10-year sales veteran Priscilla Ng in Singapore
She previously led APAC Trade Credit sales at AIG before joining the firm.
AXA Climate deepens Fathom tie-up as climate risks rise
The companies said the added modelling is meant to support portfolio level hazard analysis.
24 of 38 OECD nations insure less than half of disaster losses
The organisation studied hazard exposure and consumer risks across 60 jurisdictions.
Prudential launches life plan covering 182 conditions
Product targets critical illness income gaps.
Lioner appoints veteran Brian Kenyon as strategic advisor
Ex-BNP Paribas executive joins trust push.
PH insurers must prioritise simplicity to expand coverage: executives
Embedding insurance into everyday transactions can also improve affordability.
Execution over strategy: The new differentiator for insurance leaders
AI won't replace your advisor, but an advisor with AI will, Sun Life said.
Better protection for vulnerable groups could boost PH insurer trust: AXA
Insurers can draw from guidance used in other jurisdictions.
Cybercrime tops insurance risks as AI heightens threats: PwC
Economic pressures and climate change round out the top five risks for the sector.
Savings vs. shocks: Why a $400b gap threatens PH’s financial future
Pru Life UK warns that without insurance, traditional savings and investments are a "complete waste of time."
How banks and insurers are misreading customer needs
They create lego-like customisable products, but it's the agents stacking the blocks.
Why reinsurers shift focus as annuity deals lose appeal
New annuity flows became more attractive as consumer demand strengthened.
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