Tata AIG, a private general insurer in India has deployed its innovative digital quote management solution (QMS) for its field force that offers real time quotes and instant, over-the-counter, complete package policies in zero waiting time to its SME clientele.
Synopsys and SAE International, a global association of engineers and related technical experts in the aerospace, automotive and commercial-vehicle industries, released report on the cybersecurity practices of the motor industry in Asia.
More than one third (34%) of Indian organisations are of the opinion that careless or unaware employees are the biggest vulnerability for Indian organisations when it comes to cybersecurity.
Increased connectivity through digital devices, high cybercrime rate, government emphasis on digitisation, European Union's General Data Protection Regulation, increased awareness of making digital payments, increasing use of social media but poor awareness about cyber-security are the main factors that driving cyber insurance purchase in India.
Singapore Insurance Institute (SII) recently hosted its Chinese New Year Luncheon where it also announced some of its key initiatives for the year.
In today's information age, data is everywhere. We're inundated with it. But gathering data is just one piece of a much larger puzzle. Data isn't very useful if nothing is done with it. It's the analysis that leads to using data effectively to make better decisions that is the true key to success.
According to Symantec's 2018 Internet Security Threat Report which tracks the number and type of cyber attacks globally, India ranks second in the world for the number of phishing attacks. Asia Insurance Review spoke with Howden India director and principal officer Mahesh Chainani about what are the main reasons for cyber crimes and how insurance can help in tackling these.
There are many barriers to overcome when an insurance company wants to adopt good data analytics, but it boils down to four essentials - the legal system, the analytics schemes, work flow and culture.
Taiwanese startup BravoAI has been applying computing vision (CV), natural language processing (NLP) and artificial intelligence (AI) technologies to help domestic insurers screen insurance applications and handle insurance claim settlements, cut operating costs, according to company founder and chairman Jack Chao.
The Insurance Council of Australia (ICA) has highlighted the unintended consequences of applying recommendations made by the Australian Competition and Consumer Commission's (ACCC) aimed at large digital platforms (primarily Google and Facebook) to other sectors, notably, insurers.
