ASEAN Insurance Regulators Focus on Climate Risk and Digitalisation.

Jerudong: Climate risk and digitalisation have emerged as significant transformative forces impacting numerous industries, including the financial sector. The Deputy Minister of Finance and Economy, serving as the Chairman of Brunei Darussalam Central Bank’s Board of Directors, emphasized the critical need for a robust and well-functioning financial sector, particularly the insurance industry, to address the challenges and complexities of both current and future landscapes.

According to Radio Television Brunei, Dato Seri Paduka Awang Haji Khairuddin bin Haji Abdul Hamid, speaking at the Opening Ceremony of the 27th ASEAN Insurance Regulators’ Meeting (AIRM) and the 50th ASEAN Insurance Council (AIC) Meeting, highlighted the importance of inter-agency cooperation and stakeholder engagement in tackling emerging issues. The meetings, held at a hotel in Jerudong, aimed to foster dialogue among insurance regulators from ASEAN member states.

Themed ‘Bridging Resilience and Innovation in ASEAN Insurance Landscape,
‘ the annual event provided a platform for discussing key issues to develop and strengthen the insurance industries across the region. The discussions focused on leveraging innovation to enhance resilience in the face of climate risks and digital transformation, underscoring the collective efforts needed to navigate the evolving challenges within the sector.