As the world emerges from the global financial upheaval of the last one-and-the-half years, IDC Financial Insights is taking the opportunity to convene our Asian Insurance Congress 2010, a knowledge-centric and networking conference for insurers across this region. This Congress will be the platform for industry executives to engage with prominent thought leaders as they share their views and experiences in building up successful operations in rapidly growing and diverse insurance markets in the Asia/Pacific region.
The Asian Insurance Congress is now into its third installment, having had two very successful runs in Singapore and Malaysia under the previous banner of the InsureTech Summit. These events saw 150 senior insurance executives and key vendors benefit from thought-provoking sessions led by industry leaders, and from ample networking opportunities afforded.
The Asian Insurance Congress 2010 is themed: The Insurer’s Winning Formula: Mastering Equilibrium, Embracing Challenges and Exploiting Possibilities.
So what does the future hold for the industry?
While the industry’s resilience was undoubtedly tested during the economic fallout, insurers have nevertheless weathered the economic malaise with immense vigilance and fervor. Today's global economic climate may still be fraught with unpredictability, profound challenges and changing regulatory landscapes, but new business opportunities abound in both matured and emerging insurance markets.
Now is the opportune time for insurers to revolutionize their business strategies and architectures to steer themselves back to a growth trajectory. Insurers that are staying one step ahead of competition are those that are: able to create a more dynamic business framework via the assistance of technology, taking on operational improvement initiatives, exploring alternative distribution channels while staying customer-centric, and placing more rigor on compliance and risk mitigation techniques, amongst others.
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