Towers Watson: 2015 Asia Pacific Benefit Trends
September 22 2015
Across Asia Pacific, employers are continuing to focus on maximising the value derived from the benefits they offer to employees.
Employers face a two-sided challenge. On one hand, benefits are increasingly seen as an integral part of the Employee Value Proposition
— a reward lever that can help attract, retain and engage employees. On the other hand, benefit costs — which already represent a significant
percentage of payroll — continue to rise.
In this context, a “one size fits all” benefit strategy is unlikely to be successful. In order to
be effective, a benefit strategy must be aligned to business objectives, be flexible enough to suit diverse employee needs, and be administered
and communicated in a way that employees find simple and engaging. This is not an easy proposition, but our survey finds that Asia Pacific
employers are taking steps in the right direction, designing innovative and flexible benefits, and using them to help drive business strategy.
-
QBE’s Hammond on transformation and growth
- July 2
The Asia chief executive discusses Covid-19, going digital and restructuring.
-
Swiss Re: Nat cats and man-made disasters in 2018
- April 10
Climate change, increased urbanisation and a growing concentration of assets were on the risk agenda for 2018.
-
Willis Towers Watson: 2019 Asia Market Report
- March 19
Economic uncertainty, more complex risks and tighter underwriting are all influencing Asia's markets.
-
Peak Re: Emerging Asia’s life and health opportunity
- March 11
Life and health premium growth is expected to outpace GDP gains in eight Asian markets.
-
Aon | Navigating shifts in the global and Asia insurance markets
Neelay Patel, Aon head of growth for Asia, says the market in Asia is at an ‘interesting stage of the cycle’.
-
Sompo | Accelerating Sompo Group’s sustainable growth through the evolution of the P&C business
Sompo Holdings is taking significant steps to enhance its organizational structure and business strategy to achieve its ambition to become a Japan-born truly global company.
-
Allianz Life | Reaching for excellence through empowering people
Fostering strong customer relationships, nurturing community well-being and championing employee development through innovative insurance solutions to shape a brighter shared future for all.
-
WTW | Navigating a complex world with endless possibilities
Living with rising uncertainty from new and emerging risks can be turned into strategic opportunities for businesses.
