Saudi Arabia insurer Wataniya Insurance is delivering exceptional car insurance solutions to its customers through a customer-first approach. It continues to set the standard for transparency and innovation in the industry, particularly in the areas of Comprehensive and Third-Party Liability (TPL) motor insurance.
The changing middle class and effects of climate change are forcing the insurance industry into a constant state of transformation, said NEC Asia Pacific's Value Chain innovation Lab senior director of digital finance Kunihiko Amako in an interview with Asia Insurance Review.
Insurance companies in Australia and New Zealand are driving investment into new technologies including AI to become data-driven organisations according to a new report.
Solidarity Bahrain, one of the largest insurers of Bahrain, has introduced a pioneering mobile application, 'Solidarity Drive', aimed at promoting safer driving behaviours across Bahrain.
Watania Takaful Family (WTF) has announced a new strategic partnership with Aura, the state-of-the-art health insurance platform, to deliver faster and more tailored services for small and medium enterprises (SMEs) in the UAE.
Morocco is banking on digitalisation as a strategic lever to expand access to insurance, the president of the Insurance and Social Security Supervisory Authority (ACAPS), Mr Abderrahim Chaffai, has said.
The Algerian Union of Insurance and Reinsurance Companies (UAR) plans to digitise the vehicle insurance certificate to allow policyholders to obtain it online, the UAR president, Mr Youcef Benmicia, has announced.
Insurance companies in China are entering the intelligent vehicle market as the proportion of new cars equipped with high-level intelligent systems increases.
According to the report titled "Deepfakes in the Financial Sector: Understanding the Threats, Managing the Risks", published by the Financial Services Information Sharing and Analysis Center (FS-ISAC), the word 'deepfake' is a portmanteau of the words 'deep learning' and 'fake'. It also defined deepfakes as "synthetic media produced by GenAI".
The National Insurance Commission (NAICOM) and the Nigerian Data Protection Commission have signed a Memorandum of Understanding (MoU) aimed at strengthening data protection in the insurance sector.