2013 has been another busy year for Singapore’s insurance sector as it continues to evolve as a regional hub writes Justin Harper.
The long-running conflict over motor third party liability insurance between the Russian government and insurance companies initially rocked the industry boat - however, in general, the insurance market remained steady this quarter (though not without some casualties).
The extent to which insurance can and should be used to help manage climate risk has long been debated, and as leaders met in Warsaw for the United Nations convention on climate change last week, it was once again on the agenda.
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India is also need a cat pool system immedaitely. (Our penetration of insurance on non life is very low when compared to other countries.)
The next meeting of the Claims Club Asia will take place on 19 November in Hong Kong.
The Claims Club Asia is delighted to announce the launch of the inaugural Claims Awards Asia 2013.
19 Nov 2013
The Commercial Underwriters Forum will take place on 24 October in London.
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Insurance companies have high digital ambitions but have failed to take action and embrace the digital world.
Insurers and reinsurers will benefit from the next, and much more transformative, USD100 billion of alternative capital that will enter the reinsurance business over the next five years. Aon Benfield's report examines the trends seen in the global reinsurance industry during the first half of 2013.
The insurance claims process in the London market has seen relatively little change since the 17th century. However, innovative insurers are driving change as they aim to gain a competitive advantage. This paper studies how technology will revolutionise claims management practices by 2020.
As online fraudsters have become more sophisticated in their activity, the threat of cyber crime has grown exponentially. Despite several high-profile cyber attacks on major corporations, the insurance industry is still behind the times when it comes to cyber liability. How can it catch up?