Economic pressures and climate change round out the top five risks for the sector. Insurers should strengthen governance and operational controls as cybercrime remains the biggest threat facing the industry…
Read article →Insurers can draw from guidance used in other jurisdictions. The Philippine insurance sector has an opportunity to strengthen trust and expand financial inclusion by improving how it identifies and supports…
Read article →Stricter anti-money laundering and disclosure rules are slowing onboarding. Insurers serving Asia’s ultra-rich families face growing operational and regulatory pressure as cross-border wealth transfers attract tighter scrutiny. Stricter anti-money laundering…
Read article →Embedding insurance into everyday transactions can also improve affordability. Insurers need to simplify products and make them easier for customers to understand if they want to expand coverage, industry executives…
Read article →bolttech found 39% were already hit by digital crime across the region. Asia-Pacific’s (APAC) cyber protection gap is widening as many consumers expect cybercrime to affect their households, but their…
Read article →The organisation studied hazard exposure and consumer risks across 60 jurisdictions. Despite rising costs, insurance remains underutilised as less than half of natural hazard losses were only insured in 24…
Read article →The companies said the added modelling is meant to support portfolio level hazard analysis. AXA Climate’s climate risk platform, Altitude, and Fathom said they are expanding their collaboration to further…
Read article →She previously led APAC Trade Credit sales at AIG before joining the firm. Coface, a trade credit risk management firm, has appointed Priscilla Ng as Commercial director for Singapore. Priscilla…
Read article →Philippi will become executive officer and chief strategy officer for int’l operations from 1 April. MSIG Asia CEO Clemens Philippi will take on a new group role at MS&AD Insurance…
Read article →Female agency recruits surpass men at Allianz Life Malaysia amidst shift to flexible careers. Allianz Life Insurance Malaysia Berhad (Allianz Life) reported that women made up 53% of new agency…
Read article →
