Page 65 - LIAM Annual Report 2021
P. 65
AnnuAl RepoRt 2021 63
REPoRt oF thE managEmEnt committEE
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47 asEan insuRancE council mEEting
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Industry leaders from 11 AsEAN countries attended the 47 ASEAN Insurance Council (AIC) Meeting held online on 27 October
2021.
An organisation under AsEAN, the AIC comprises insurance associations of life and general insurers to promote cooperation
among AsEAN insurers.
The half-day meeting, which was hosted by singapore, touched on the activities undertaken during the year such as the 4
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AsEAN Insurance summit, AsEAN green Research hackathon on green Insurance and sustainable Risk Management, AsEAN
Reinsurance Programme and the findings of the AIC Survey on Sustainability and the AIC Survey on Post-Pandemic Insurance
Landscape and Digitalisation.
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Key issues raised at the life and general sectors’ discussion were shared with the AsEAN Insurance Regulators at the 24 Joint
Plenary Meeting held on 28 October 2021 and among the issues raised were inadequacy of climate risk modelling, lack of
customer information and increasing insurance fraud.
