Insurance Business ReviewSEPTEMBER 20256Copyright © 2025 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Managing EditorRaven Mcguire*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEditorial StaffAaron Pierce Ava GarciaAlex D'Souza Abhinov PunnakkalJoshua ParkerSarah FernandesEditorialRaven McguireManaging Editoreditor@insurancebusinessreview.comThe Asia-Pacific region is fast becoming the proving ground for innovation in policy underwriting. With insurance penetration still uneven across markets, rising middle-class wealth, and regulators tightening oversight, underwriting in APAC has shifted from a back-office function to a strategic growth lever.APAC is not a single insurance market. It is a patchwork of highly developed hubs (Japan, Singapore, Australia), rapidly maturing giants (China, India), and underpenetrated economies (Indonesia, Vietnam, Philippines). Policy underwriting services must therefore adapt to both extremes: high-tech, data-driven underwriting in mature markets and simplified, low-cost policy assessment in emerging ones.Digital underwriting platforms are reshaping insurance distribution across APAC. Insurers are deploying AI-driven risk engines, optical character recognition (OCR) for KYC/AML checks, and predictive analytics to streamline policy approvals. In high-volume markets like India and China, automated underwriting has slashed turnaround times from weeks to minutes, especially for life and health insurance policies.Regulators across APAC are sharpening their focus on customer fairness, solvency, and data governance. The Monetary Authority of Singapore (MAS) and Australia's APRA are pushing insurers to ensure underwriting models are transparent and explainable, especially where AI is involved. In China, regulatory tightening has forced insurers to reduce aggressive risk-pricing strategies, while India's IRDAI is nudging toward simplified, digital-first underwriting that balances innovation with consumer protection.A key frontier in APAC underwriting is embedded insurance, policies offered seamlessly at the point of sale (travel, e-commerce, ride-hailing apps). Underwriting here is invisible, powered by APIs and real-time risk scoring. Similarly, parametric insurance, triggered by measurable events (like rainfall levels or flight delays), is emerging in agriculture and travel markets, requiring underwriting services to evolve into event-modelling experts.In APAC, policy underwriting services are no longer about "processing risk." They are about enabling scale, trust, and inclusivity in markets where insurance is both a social need and a commercial opportunity. The winners will be those who can balance automation with judgment, growth with compliance, and scale with personalization.In this edition, we have featured insights from Chun Maw TEY, Head, Group IFRS 9 Model Validation & SG Credit Risk Model Validation, Maybank LW and Silvia Lam Ihensekhien, Director of Information Security and Risk Management, Swire Coca-Cola.Let us know your thoughts!APAC Underwriting Is Shaping Global Insurance TrendsVisualizersMichael WayneChris LynnSEPTEMBER 2025, Vol 04 Issue 12 (ISSN 2837-1771) Published by ValleyMedia, Inc. To subscribe to Insurance Business ReviewVisit www.insurancebusinessreviewapac.com Email:sales@insurancebusinessreview.comeditor@insurancebusinessreview.commarketing@insurancebusinessreview.comAPAC
< Page 5 | Page 7 >