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Posts Tagged ‘China’

China’s new insurance law will take effect on October 1 2009. The revised law strengthens protection for policyholders, the insured, and beneficiaries. However, it adds operational requirements for insurance companies. For example, the revised law adds a two-year incontestable rule to protect the insured party. It is a very common clause in Western countries, but […]

Jun 22nd, 2009 | Filed under Emerging Markets, Insurance, IT

I recently saw an interesting article that seems quite appropriate for the times we live in. This article was based on a report published recently by Robert Half International, a staffing service. Condensed versions and commentary on this report have been available via a number of search engines in recent weeks. These days we are […]

Mar 11th, 2009 | Filed under Emerging Markets, Insurance, Strategy

I visited the CIO of one of the top five life insurance companies in China recently, and he gave me many insights on IT management. I think his advice could help global vendors understand Chinese insurance companies better, and so I’ve decided to share them here. IT as the Fire Department Most insurance companies in […]

Jan 14th, 2009 | Filed under Insurance
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On a recent trip to South Africa, I was interested to see some innovative ideas targeted at the uninsured, currently around 90% of the population. South Africa, along with other emerging economies, face many structural challenges impeding the broad adoption of insurance. Remote areas of the country have poor road and communication infrastructure. Almost two-thirds […]

Dec 13th, 2008 | Filed under Insurance

Being a Celent insurance analyst based in China, I sometimes meet with Celent customers who visit Beijing and share my insights on China insurance market growth and technology development. Many customers are interested in the potential market size, the competitiveness of the market, and the progress of technology. But recently, when I meet Celent customers […]

Dec 10th, 2008 | Filed under Insurance