Articles

What if you can’t afford to fight Coronavirus?

  As the coronavirus has tiptoed closer to global pandemic status, the world’s major economies are ramping up their spending on defenses.    Italy plans to spend $4 billion on emergency economic measures to tackle the outbreak, while South Korea will set aside at least $5.12 billion...

Climate Risk:Singapore prepares itself with $72B Defense Plan

  Singapore has a reputation for planning ahead. When it comes to climate change, it’s planning for the worst.   While governments around the world are struggling to meet the goals of the Paris agreement — keeping the global temperature increase to about 1.5 degrees Celsius and...

Negative interest rates turn saving, borrowing upside down

  FRANKFURT: Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it's the bank, not the saver, who collects interest.   Welcome to the upside-down world of ultra-low and negative interest rates that is taking hold in many...

Renewable insurance plays an important role in Asia’s energy transition:Willis Towers Watson

  SINGAPORE, Willis Towers Watson today launched its inaugural Renewable Energy Market Review for 2020. The Review identifies several new realities that the industry needs to face up to at the beginning of the new decade.   These new realities include: Geopolitical clouds: Conflicts and other international...

ME’s $2 trillion wealth could just vanish in 15 years

Eco/Invest/Demography, Non-Life       Feb 08, 2020

  The Arab monarchies of the Persian Gulf face a budget reckoning and risk squandering their $2 trillion in financial wealth within 15 years as oilNSE 2.52 % demand nears peak levels, according to the IMF. Global oil demand may start falling sooner than expected, putting...

Digitalisation:Transforming The Insurance Industry

Eco/Invest/Demography, Life, Non-Life       Jan 29, 2020

  Zurich: Digital transformation empowers consumers to be more informed and independent than ever before, and equips insurers with the tools to cater to customers’ current and future needs.    This leads to the development of new data-driven business models, impacting the entire insurance value chain, the...

Prashant Tripathy, Managing Director & CEO, Max Life Insurance

Budget 2020:Indian Life Insurance Industry  

Eco/Invest/Demography, Life, Policy       Jan 24, 2020

  Today the country is looking for a growth oriented budget which could infuse larger positivity into the economy. This makes the Union Budget 2020 all the more critical. As Indian economy is staring at a lowest ever growth rate in over six years, the government...

-   Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance  

Budget 2020:Indian General Insurance Industry

Eco/Invest/Demography, Life, Non-Life, Reinsurance       Jan 23, 2020

  People usually have a perception that if they have kept their money in  a bank, it’s completely safe, which is really not the case. Hence, there is a need to increase the limit of bank deposit insurance which appropriately safeguards the account holders. Currently the...

Benno Keller Special Advisor, Digital and Innovation, The Geneva Association

Promoting Responsible Artificial Intelligence in Insurance

Eco/Invest/Demography, Technology, Trends, Facts       Jan 16, 2020

  Since the end of the ‘AI Winter’, the period from the 1970s to the end of the 1990s characterised by setbacks and disappointment, artificial intelligence (AI) has made remarkableprogress.Today, many insurers are rolling out intelligent systems that automate routine tasks or assist human decisionmaking along...