Thought Leadership

By Min Hung Cheng 13 August 2025 Parametric insurance, a relatively new insurance mechanism that pays out upon predefined events rather than actual assessed losses, has been garnering attention as a potentially transformative tool for risk management. However, industry discussions have highlighted several notable barriers: basis risk, regulatory uncertainty, consumer awareness challenges, and data scarcity. […]

By Min Hung Cheng 10 July 2025 In 2024, the Global Asia Insurance Partnership (GAIP) convened its inaugural GAIP Summit, with the support of the Insurance Development Forum. The summit was dedicated to addressing Asia's widening protection gaps. Over two days of insightful dialogues and intensive panel discussions, policymakers, regulators, industry leaders, and academic experts

Video 1: Motivation for Action at the National Strategic Level https://youtu.be/Y8EbDEXN9l0 Video 2: The Need for an Integrated Approach https://youtu.be/TUnGDfV-g8M Video 3: An Overview of the Integrated Approach https://youtu.be/iOxqNV0-C2k Video 4: Understand and Quantify Key Risks, and Identifying Stakeholders https://youtu.be/ff8pJzKshN8   Catalysing Resilience and Well-being   Turning Intentions into Resilient Outcomes

By Min Hung Cheng 5 May 2025 The March 28, 2025, earthquake that struck central Myanmar was one of the most devastating in the country's modern history. A 7.7-magnitude tremor shook the Sagaing Fault, flattening buildings across Mandalay, Sagaing, Naypyidaw, and surrounding regions. The number of casualties reported varies across sources, ranging from 3,770 fatalities

By Min Hung Cheng 27 January 2025 Blended finance is increasingly recognised as an effective mechanism to mobilise private sector capital for public good. However, the insurance sector's role in blended finance has remained limited, primarily as investors or insurers. Insurers contribute by providing coverage for assets or projects involved in blended finance transactions, enhancing

Estimates suggest that only 15% of Asian assets have appropriate coverage for disaster risks. How can these “protection gaps” be filled? Yoshihiro Kawai, Chair of Global Asia Insurance Partnership and Tetsushi Sonobe, Dean of ADBI discuss the issue and how a new joint project aims to increase risk resilience.

Challenges, basically are opportunities, so we think about these two things together. In this era of increased risk, increased exposure, the move to price risk more effectively, and to price the benefit of resilience across different assets and from different areas is probably going to be one of the most important things the industry can

By Min Hung Cheng 9 October 2024 In June this year, I had the privilege of attending the Insurance Development Forum (IDF) Summit in London, where I had a front-row seat to a very inspiring opening panel discussion helmed by the esteemed speakers of H.E Mia Amor Mottley, Prime Minister of Barbados, Michel Liès, Chairman

By Joey Zhou and Shinichi Kamiya 2 July 2024 Climate change, technological advancements, the pandemic, emerging risks, regulatory changes, workforce dynamics, and shifting consumer behaviours are driving transformative changes in the insurance industry. Adapting to these shifts is crucial for insurers to remain competitive and effectively meet customer needs in a rapidly evolving business landscape.

Beyond the insurance industry, I can see that there are still a handful of people, organizations or even government agencies who don't see insurance as a form of risk management or even a solution provider.  Through COVID however, things got slightly better as those with insurances benefited much more during this crisis as compared to