Manulife Asia welcomes new chief distribution officer

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Manulife has announced the appointment of Pankaj Banerjee as its new chief distribution officer in Asia, effective today.

Banerjee joins the Asia Division Executive Committee reporting to Anil Wadhwani, chief executive officer of Manulife Asia. He will also be a member of the company’s global leadership team.

In this role, he will focus on strengthening Manulife’s bancassurance capabilities by growing, developing and digitising its agency force across Asia markets.

He succeeds Vibha Coburn, who currently serves as the CEO of Manulife Malaysia.

Prior to his appointment, Banerjee was the CEO of Prudential Life Assurance Cambodia for almost four years before

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Creating digital customer experiences that build trust

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In an upcoming webinar, Dewar and two other industry leaders in IA (intelligent automation) will discuss ways the insurance industry can meet this technology challenge. The webinar will explore how end-to-end digitisation gets done, the role of RPA (robotic process automation) and AI (artificial intelligence).

Read next: Innovation key for future success

The Blue Prism VP specializes in working with senior leaders across the insurance industry to help them understand and identify new opportunities for leveraging IA.

In the webinar he’ll be joined by Mel Toms (picture immediately above), head of business transformation and change at Zurich Financial Services

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Crawford executive named Woman of the Year at global awards

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Crawford & Company, the world’s largest publicly listed independent provider of claims management and outsourcing services to carriers, brokers and corporations, has announced that Marie Velez (pictured above), vice president of finance at Crawford & Company in Latin America, has been named Woman of the Year at the Stevie International Business Awards.

All individuals and organisations worldwide are eligible to submit nominations for the awards. The 2021 International Business Awards received entries from organisations in 63 countries and territories. The Women of the Year category recognises the most highly accomplished women leaders from a variety of different industries.

“I am

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Reinsurers look to be downplaying risks by up to 50%, S&P warns

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According to the report, this scenario pointed to a material increase in the amount of capital reinsurers and insurers would need for their catastrophe exposures – which was a one-in-250 catastrophe charge based on S&P’s risk-based capital model – to the tune of US$21.7 billion aggregate for the industry. This would increase the modelled exposure to a one-in-10-year event by at least US$7.4 billion in aggregate.

“Unmodelled risks and the inherent difficulties in attributing extreme events to climate change create the risk that climate change may not be fully reflected in catastrophe modelling, particularly in the short term,” wrote Dennis

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