The Financial Services Authority (OJK) continues to strengthen the insurance industry by ensuring that industry players are ready to implement the Statement of Financial Accountant Standards (PSAK) 74 concerning Insurance Contracts starting 1 January 2025.
Shift Technology, a provider of AI-driven decision automation and optimisation solutions for the global insurance industry, has announced that The General Insurance Association of Singapore (GIA) will extend its use of Shift Claims Fraud Detection on behalf of its member insurers.
A new report by Global Federation of Insurance Associations (GFIA) has identified and quantified the most significant - and growing - annual global protection gaps: $1tn for pensions; $900bn for cyber; $800bn for health and $100bn for natural catastrophes.
Improving employee wellbeing can enhance company performance by at least 11% and up to 55% according to Aon's 2022-2023 Global Wellbeing Survey.
The total number of plastic particles floating in the world's oceans across all five sub-tropical gyres, costal Australia, Bay of Bengal and the Mediterranean is estimated to be a minimum of 5.25tn particles weighing 268,940 tons according to a new research published by the journal PLOS One.
Asia Pacific CEOs are more optimistic about growth in their regions as compared to global CEOs. They see upskilling, automation, digital and cloud transformation, rebalancing supply chains and decarbonisation as their top investment priorities according to PwC's 26th Annual Global CEO Survey.
A detailed "future flood map" of Britain has revealed that annual damage caused by flooding in the country could increase by more than a fifth in today's terms over the next century.
arrowing protection gaps has become even more important due to the rise in recent years of four global mega trends that affect them either directly or indirectly, according to the Switzerland-based Global Federation of Insurance Associations (GFIA).
Two insurance protection gaps, identified by the Global Federation of Insurance Associations (GFIA), are of particular concern for New Zealand in the area of general insurance, says the Insurance Council of New Zealand.
S&P Global Ratings says it has revised the outlook to 'Stable' from 'Positive', and affirmed its global scale ratings on various South African insurers.