Episode 21: Asia In A Rebalancing World, A conversation With Ben Simpfendorfer, Oliver Wyman Forum Asia-Pacific Leader

In this episode of Reinventing Insurance, Ben Simpfendorfer from the Oliver Wyman Forum joins our host, Paul Ricard, to discuss Asia’s role in a rebalancing world and the megatrends that are shaping the future of insurance. Based in Hong Kong, Ben brings over 25 years of experience working in Asia and the Middle East, and has extensive knowledge ofthe local markets. He is a regular commentator on Bloomberg and CNBC and a key opinion leader on LinkedIn with over 440,000 followers.As the world continues to evolve in this uncertain economic and geopolitical environment, insurers must be proactive in adapting to supply chain impacts, demographic shifts, and theneed for technological advancements. Remaining agile and embracing innovation is crucial for capturing new markets and addressing the diverse needs of consumers across Asia.In this episode, Paul and Ben share their perspectives on:The collision of mega trends, supply chain shifts, and emerging markets for insurers in Asia. The Gen Z factor, demographic change, longevity, and the aging population offer insurance opportunities for new product and service offerings.The increase in mergers and acquisitions, and partnerships within the insurance industry.Climate change, the green energy transition, and the need for adaptation and resilience.Moving towards a transformation-led approach to generative artificial intelligence (AI).