Branch offices are visited less and less, and many insurance companies have realised that the way consumers access their personal protection has evolved.

This year sees a greater urgency to address the issues threatening the insurance industry. The sector is experiencing a snail’s pace climb in profits, pricing pressures, and slow organic demand.

Climate risk is burning billions in Asia’s insurance industry, with the costliest recorded natural disaster in the region topping $2b.

The increase in profits is still too slow for Taiwan’s insurance industry, with its insurance penetration at 1%. Meanwhile, the looming threat of climate change can blindside Australia’s growing general insurance industry.

We chatted with Fumihiko Harada, CEO of PGA Sompo, on the fateful car accident that propelled him to a career in the insurance industry. Read the exclusive interview on page 14. We also talked with Melita Teo, AIA Singapore’s Chief Customer and Digital Officer, about the company’s new app Xplore with Ally, a smart calculator that helps customers with their financial wellness journey. See the full story on page 16.

Insurance Asia also features its annual Top 50 insurance firms from Singapore and Hong Kong. Digital dominance and healthtech helped Singapore mitigate losses, while health and wellness products remain a priority for Hong Kong. See the complete rankings on pages 28 and 32.

Read on and enjoy!

In this issue, we celebrate the insurance industry’s cream of the crop at the 6th Insurance Asia Awards. We chatted with Sally O’ Hara, CEO of Krungthai-AXA Life Insurance, to talk about the telehealth’s insurance initiative that has given 10 million free health consultations to both customers and non-customers. 

We also sat down with Charles Hung, CEO of Hong Kong’s first digital life insurer Blue, discussing the role of gamification in revolutionising the stagnant insurance industry of Hong Kong; Aaron Tan, CEO and founder of Carro, highlighting Singapore’s first AI-driven pay-per-km insurance and maintenance plan; Darren Tan, co-founder of startup Surer, on creating a digital ecosystem for Asia’s insurance industry; and Daniel Neo, deputy CEO of Sompo International Holdings Retail, explaining how embedded insurance could reach the digitally hungry consumers in APAC.

This issue also highlights the role of commercial insurance in Asia’s lead to a digitalised insurance industry, and the threat of climate change on the Japanese insurance landscape.

Issue No. 19

Issue No. 18

Issue No. 17

Insurance Asia is a biannual publication devoted to insurance companies, investors, professionals, and policymakers. It has a print run of 5,000 copies, distributed to top insurance companies across Asia.

Insurance Asia is part of the media company, "Charlton Media Group," a leading B2B publication and events company in Asia with titles such as Singapore Business Review, Hong Kong Business, Asian Banking & Finance, Asian Power, and Healthcare Asia.

Each year, Insurance Asia holds the Insurance Asia Awards, the region's most acclaimed awards programme for Asia Pacific's most outstanding insurance firms.

Download your favorite titles and read them offline, anytime and anywhere

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines and newspapers from thousands of best-selling titles.

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines from thousands of best-selling titles.

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines from {{magCount}} best-selling international titles.

Name

Please fill out this form if you need any help regarding publishing your content on Magzter

Since we launched, Magzter has been committed to partnering with global organizations to provide the greatest possible newsstand technology & service to our customers. Whether you are looking to offer magazine subscriptions to your customer database or just want to learn more, Magzter is committed to helping your business grow. To find out more, please fill out the questionnaire below:

Insurance Asia - Issue No. 19

Get Insurance Asia along with 8,000+ other magazines & newspapers

Get Insurance Asia

Magazine Description

In this issue