IIS Executive Insights Life & Health Expert: Ronald Klein, Executive Director, BILTIR
ETHIOPIA’S MEGADAM GENERATES A FLOOD OF ILL WILL
Asia’s insurance sector has shown deep potential. Rising incomes, favourable demographic patterns and markets yet to be fully explored have made the region attractive to insurers and investors, both domestic and international. But the new decade has started on a challenging note. The impact of the COVID-19 outbreak has upended the insurance business, along with others, dramatically compounding the ill-effects of US-China trade tensions and a global economic slowdown.
What are you most proud of accomplishing in your career?
When I joined Zep-Re, it was a small, unrated regional reinsurer that relied mainly on statutory cessions from a few countries. When I retired, it was a trusted, innovative, successful reinsurer covering Africa and South Asia. We did this by caring for our clients.
How did participating in the LOT program contribute to your career development?
The Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science (GSRM) was founded in 1901 as the Insurance Society of New York and over the years evolved into The College of Insurance (TCI). In June of 2001, TCI merged with St. John’s University, becoming the School of Risk Management, Insurance and Actuarial Science (SRM), part of The Peter J. Tobin College of Business. On the occasion of celebrating Mr.
Tan Bin Ru, CEO (Southeast Asia), OneConnect Financial Technology
Insurance players have been watching from the sidelines how their banker cousin is taking on digital disruptions. While digital disruption isn’t entirely new, the Covid-19 pandemic now gives the insurance giants a harder nudge to digitalize. There is no better time than now to rethink the values and products needed to serve the new age customer smartly.
Michael Morrissey, Special Advisor, International Insurance Society, Inc.
Both online activity and cyber-attacks have increased since the start of the COVID-19 pandemic, according to numerous sources. Public policymakers face myriad questions related to risk management and insurance, which have come to the fore as a result of these increases.