The Qatar Central Bank (QCB) yesterday issued instructions to digital insurance companies, aimed at drawing up the regulatory framework for digital insurance activities in the country.
Almost two-third (62%) of insurance executives recognise AI and machine learning technology as elevating underwriting quality and reducing fraud in the insurance industry.
Tokio Marine Holdings (TMH) has announced that the Group will develop a new "Business Architect" development programme to be provided externally starting from May 2024 and expand its Data Scientist development programme "Data Science Hill Climb" which has been offered externally since 2020.
Several developments are set to change fundamentally the product logic and pricing model of traditional auto insurance, says the international professional services firm KPMG.
The open "insurance +" ecosystem will span multiple industries and represent an important new market for InsurTech companies, says the international professional services firm KPMG.
Two mainland Chinese-controlled technology-driven insurance intermediaries made the headlines in the past few weeks with the successful launch of their initial public offerings (IPOs) on Nasdaq.
The entry of new players in the list of the top 10 motor insurers in India has changed the competitive dynamics of the country's related insurance industry, said data and analytics company GlobalData.
Digital insurer Singlife Philippines has secured funding of PHP600m ($10.67m) from its parent and majority shareholder, Singapore Life Holdings (Singlife or the Group).
Nasdaq-listed Cheche Group, China's leading motor insurance technology platform, has entered into a partnership with Beijing Houji Insurance Brokerage Co, an affiliate of Xiaomi Corporation (Xiaomi Group), as Cheche continues to broaden its partner network with leaders in the new-energy vehicle (NEV) industry.
The "Protection of Policyholder Interest Regulation 2024" takes effect today, 1 April 2024, mandating that all insurance policies be issued in electronic form.