In this Q&A, Shobhit Rattan Gandhi, Emerging Markets Development Director at AXA XL sheds light on what buyers of international programmes need to know about Indonesia.
How will the new microinsurance incubator launched by the World Economic Forum impact on lower-income communities, and what are other insurers doing to cater for this group?
Insurers in the Asia-Pacific region continue to face slower economic growth, low-interest-rates and strict regulation. However, reduced trade barriers and an increase in affluent consumers offer new opportunities. This whitepaper analyses the key factors shaping the Asia-Pacific insurance market.
Fitch Ratings says in a new report that the rating outlook for Indonesia's life and non-life insurance sectors in 2014 is stable, underpinned by steady market growth, manageable exposure to equity risk, and stable operating margins. Topics covered include catastrophe risks and economic conditions.
This monthly report reviews the natural disaster perils that occurred worldwide during July and the economic losses incurred. The report reveals that strong thunderstorms brought record rainfall to Toronto, resulting in Canada’s second billion-dollar natural disaster event of 2013.
Country Profiles provides individual summaries for Lloyd’s key territories. These profiles contain factsheets on the economy, insurance market and Lloyd’s business. This analyst report from May 2013 focuses on Indonesia.
The monthly report reviews the natural disaster perils that occurred worldwide during January 2013. It reveals that torrential monsoonal rains prompted severe flooding throughout the Indonesian capital of Jakarta, killing at least 41 people, whilst estimated insured losses exceeded USD311 million.
This report outlines the non-life solvency requirements for selected countries/regions in Asia Pacific. It provides an understanding and benchmarking of the existing methodologies adopted by regulators. The 2011 report has been updated recently to reflect developments in 2012.
Insurance in emerging markets has experienced strong growth over the past decade and the outlook for the next decade remains promising. Nonetheless, given the expectation of persistent low interest rates at least in the near future, achieving profitable growth will become increasingly challenging.
The global financial crisis has clearly shown that deposit insurers without the basic funding elements in place have found it challenging to maintain public confidence. This paper offers a comparative analysis of deposit insurance systems in 16 jurisdictions of the APRC as of July 31, 2011.