AIA Thailand’s Post

🎓 Invest in Yourself: The Value of Qualifications for Insurance Advisers and Financial Planners In markets where qualifications aren't mandatory, why should insurance advisers or financial planners bother obtaining them? Here are some compelling reasons: 1️⃣ Professionalism: Qualifications demonstrate a commitment to professionalism, boosting credibility and trustworthiness. 2️⃣ Competitive Advantage: Stand out from the crowd. Having relevant certifications can be a key differentiator, attracting clients who value expertise. 3️⃣ Knowledge and Expertise: Enhance your skills. Qualifications provide structured education, enabling better advice and solutions for clients. 4️⃣ Regulatory Awareness: Stay compliant. Even without mandates currently, qualifications cover regulatory aspects, minimizing risks for both advisers and clients. AND regulatory requirements can change rapidly.... if you think the UAE isn't looking at this, you are wrong. 5️⃣ Personal Development: Stay updated. Pursuing qualifications is professional development, keeping you informed about industry trends and best practices. 6️⃣ Network Building: Connect with peers. Many programs offer networking opportunities, valuable for sharing insights and gaining referrals. 7️⃣ Client Confidence: Build trust. Clients feel more confident entrusting their finances to advisers committed to continuous learning. 8️⃣ Career Advancement: Unlock opportunities. Qualifications can lead to promotions, higher income potential, or specialization in niche areas. Invest in yourself and reap the rewards. Chartered Insurance Institute certifications provide continuous learning which is the key to success in the insurance and financial services industry. For individuals, we have a whole host of study units, workshops, training courses and more to help progress your career and knowledge. For corporates, we can bespoke build training courses for your employees whether it be for formal qualifications or ongoing development. #Insurance #FinancialPlanning #ProfessionalDevelopment #ContinuousLearning #CareerAdvancement #CII #CIIMiddleEast #InvestInYourself #InvestInYourEmployees

🌟 Why Broking? A Stellar Career Path in UK Insurance 🌟 In the heart of the UK's bustling insurance market, broking stands out as a career path laden with opportunity. Here's why: 🔍 Deep Market Insight: Brokers are the maestros of market trends, understanding the ebb and flow of insurance like few others. This knowledge isn't just power—it's a career accelerator. 🤝 Relationship Mastery: Broking is about connections. It's where strong relationships with clients and insurers are forged, and where your network becomes your net worth. 💼 Diverse Opportunities: The beauty of broking? No two days are the same. From commercial risks to personal lines, brokers navigate an array of sectors, ensuring a vibrant and varied professional life. 📈 Career Growth: Ambition finds a home in broking. Whether you aim for leadership or specialisation, the trajectory for growth is as broad as it is exciting. 💡 Innovation at the Forefront: As the UK insurance market evolves, brokers are at the cutting edge, leveraging new tech and data analytics to redefine risk and protection. 🌐 Global Perspective: UK brokers often engage with a global client base, offering a world-class perspective on insurance and risk management. 📚 Continuous Learning: The insurance landscape is ever-changing, and brokers are lifelong learners, continuously updating their skill set to stay ahead of the curve. Broking isn't just a job—it's a dynamic and rewarding career, offering a unique blend of challenges and triumphs. It's where you can make a tangible difference, not just in your life, but in the lives of the clients you serve. #InsuranceCareers #Broking #CareerGrowth

Recent feedback from Actuaries working in Life Insurance With all of the consolidation that has occurred across the life insurance sector, it is increasingly difficult for experienced Actuaries to progress. In recent months I have had multiple conversations with high quality people who aren’t sure about how they progress their careers. For the most part, these people are in roles that offer them more balance than they’ve been used to (especially those who have qualified and are no longer studying). What I have also observed is a level of guilt centred around the feeling they could/ should be doing more. I believe this is due to having worked much harder in the past. It flags a couple of questions: - Is it ok to enjoy a bit of balance during periods of your career? - Do you lose your sharpness if you’re not constantly being stretched? I personally believe it is ok, and it should even be embraced. These periods tend to ebb and flow throughout your career. Make the best of it while you have that balance. Regarding stretching yourself, I believe it is important to find ways to get outside your comfort zone (this is where growth occurs). If you have the time, it’s worth thinking about how you can combine your Actuarial experience with a passion. Examples of this could be contributing to the Institute, mentoring junior Actuaries, learning a new skill that is of interest and could be advantageous in a future role. Regarding progression, it’s a tough one in the Australian market right now. If you’ve ever thought about a move overseas, now would be a great time to explore that further. The Asian market in particular is far bigger and less hindered by regulation. I am hopeful that over time things will improve. In an industry full of smart people, I believe the pressures will result in innovation. #Actuaries #lifeinsurance #employment

Understanding your financial objectives is not just important; it is vital when purchasing life insurance as a UAE expatriate. This involves identifying your beneficiaries and the financial obligations you must cover, such as mortgages, children's education fees, and daily living expenses. Policybazaar.com Policybazaar.ae Joseph T. #lifeinsurance #insurance #insurancepolicies #fintech #uae #expats #expatriates #expatlife #insurancebrokers #menews247

𝗪𝗵𝘆 𝗽𝗿𝗼𝘃𝗶𝗱𝗲 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗽𝗹𝗮𝗻𝘀 𝘁𝗼 𝗲𝘅𝗽𝗮𝘁 𝗲𝗺𝗽𝗹𝗼𝘆𝗲𝗲𝘀? 🔆 Incorporating International insurance plans into the monthly benefits package for expat employees establishes a reliable income source during challenging times. This strategic step helps mitigate concerns for expat employees, enabling them to concentrate more efficiently on their daily responsibilities. Ultimately, this fosters a positive work environment and promotes overall organizational success. ✨🎉 Group International Insurance plans are flexible and can be personalized to align with the specific financial situations of the company and employees' needs. It is essential to undergo a financial review with one of our expert advisors for a detailed and suitable international group insurance plan. We invite you for a free 30-minute financial consultation on group international insurance for your company. Message us directly or email us at [email protected] 𝗦𝗺𝗮𝗹𝗹 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀: 3-9 Employees 𝗠𝗲𝗱𝗶𝘂𝗺-𝗦𝗶𝘇𝗲𝗱 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀: 10-39 Employees 𝗟𝗮𝗿𝗴𝗲 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀: 40+ Employees #InternationalInsurance #ExpatEmployees #FinancialPlanning #CompanyOwner #Owner #CorporateCompanies #Humanresources #foreignemployee #companybenefits #ExpatsCompanyBenefits

Insurance Considerations And Solutions For US Expats In 2024 – 2024 US Expat Finance Conference

New #IPMI Plan for Indian #Students Overseas by HDFC Life International In this iPMI Global plans and products article, #iPMI report author and market analyst Ian Youngman, takes a look at news, that HDFC Life International has launched a new IPMI plan for Indian Students overseas. Analysis This Indian insurer has beaten IPMI rivals by niche targeting of a growing sector. 32 million Indians are studying overseas. USA, Canada, Australia, UK and Germany are the largest markets. According to the U.S. Department of State’s Bureau of Educational and Cultural Affairs 269,000 Indians were in the USA in the 2022-2023 academic year. The need is the escalating costs of medical care and that many universities demand overseas students must have health insurance. Cover is wider than international students. Short-term cover for 3 months plus is what many competitors do not offer. Read the complete iPMI market intelligence with iPMI Global: https://lnkd.in/eaJXwKSN

🌟 Last year, I had the honour of working with an incredible group of young professionals across the UK insurance market as part of the Chartered Insurance Institute New Generation Programme, considering how we can tackle the pressing issue of attracting new talent. Now, we're excited to share our thoughts! 🌎 It’s no secret that industries worldwide are challenged in attracting the right talent in our ever-evolving world, and insurance is no exception. 🤩 Many of my connections within our wonderfully varied field can attest to the fact that insurance offers a fascinating and meaningful career. But the big question remains: How do we ignite that same excitement in the next generation? 🤝 We believe there’s a more collaborative path forward, with employers across the market joining forces with the CII to amplify efforts to attract young talent, offering the right training and opportunities to showcase just how dynamic and rewarding a career in insurance can be. #InsuranceCareers #TalentAttraction #FutureOfInsurance Thomas Hedges | Chantal A. | Markus Mohr | Benjamin Scotter Dip CII | Akbar Alikhan, MSc., ACII | Meredith Bankes-Hughes Matt Connell | Katherine Kennett CMgr MCMI | Yasmin Carter-Esdale Dip CII | Marcus Li

AIA Group's 2023 profit surged 15%, reaching US$3.76 billion, driven by robust sales of insurance policies to mainland Chinese visitors in Hong Kong. The value of new business (VONB) soared by 33% to US$4.03 billion, reflecting strong demand post-Covid border reopenings. Hong Kong's VONB spiked by 82%, spearheaded by sales to mainland visitors. AIA also witnessed growth in key markets like China (20%), Thailand (21%), and Singapore (10%). Mainland Chinese tourists spent US$7.6 billion on Hong Kong insurance policies last year, accounting for over 32% of total sales. This surge followed a shift towards higher-yield investments amidst a weakening yuan. Despite the positive results, AIA's shares dropped over 2.5% post-announcement. Under Lee Yuan Siong's leadership, AIA has expanded through strategic acquisitions, including Blue Cross (Asia-Pacific) and BEA Life. AIA will pay a second dividend of 119.07 HK cents, bringing the full-year payout to 161.36 HK cents. #Growth #Business #Opportunity #Insurance #Asia I South China Morning Post SCMP I Enoch Yiu I AIA Singapore

𝐔𝐧𝐥𝐨𝐜𝐤𝐢𝐧𝐠 𝐆𝐫𝐨𝐰𝐭𝐡: 𝐇𝐨𝐰 𝐌𝐚𝐫𝐤𝐞𝐭 𝐋𝐞𝐚𝐝𝐞𝐫𝐬 𝐀𝐫𝐞 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐢𝐧𝐠 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝'𝐬 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐒𝐞𝐜𝐭𝐨𝐫   Since interest rates began to fall after 2014, the Thai insurance sector has struggled with spread-based products that have failed to keep up. Nearly a decade later, the industry still faces challenges. What’s holding Thai insurers back?   We explored the financial landscape of Thai insurance companies, focusing on two crucial metrics: Year-to-Date (YTD) Growth and Rolling 12 Month Annualized Premium Equivalent (APE) Growth. Here’s what we discovered:   In the competitive Thai insurance market, AIA and FWD Thailand are paving the way with distinct strategies and impressive results. FWD Thailand is redefining insurance with a customer-centric approach focused on simplicity, transparency, and technology. Their "Celebrate Living" campaign showcases this innovative strategy, emphasizing clear communication and accessible services. Additionally, FWD's strong presence in bancassurance and agency channels has driven an 18% rolling 12-month annualized premium equivalent (APE) growth.   AIA Thailand, on the other hand, dominates the market with a 25.64% market share and a network of over 50,000 agents. In 2023, AIA achieved a 21% increase in the value of new business, reaching approximately $720 million. AIA's financial strength is further reflected in its positive growth in key metrics such as Value of New Business (VONB) and Operating Profit After Tax (OPAT), demonstrating robust performance .   AIA leverages its market position and financial strength, while FWD focuses on customer-centric innovation and effective distribution. Both companies exemplify market leadership and continue to shape the future of insurance in Thailand.   Nine other companies shine brightly, each holding more than 2.5% of the market share. Yet, there are 19 companies fighting an uphill battle.   At 360F, we recognize immense potential within the Thailand market and possess the expertise to spearhead transformation in the Thai insurance sector towards a prosperous future! https://lnkd.in/g7XKtFEB #Insurance #Insurtech #MarketAnalysis #GrowthStrategy #Leadership #Innovation #ThaiInsuranceMarket" #DigitalTransformation #CustomerExperience #BusinessStrategy #FinancialServices #TechnologyInnovation #EmergingMarkets   Michael Gerber, Anirudh Somani, FIA, MQF, Huynh Thanh Phong, Nikhil Advani, Jonathan H, Mike Plaxton, Thomas Wilson, Dr. Christian Roland, Angela Hunter (GAICD), Anil Wadhwani, Bundit Kenny Jiamanukoonkit, Leslie W.