More than four in five insurers (82%) in Singapore say they are ahead of their competitors in adopting digital systems, yet nearly all (98%) acknowledge that legacy technology is constraining business growth, according to research from Clearwater Analytics, a comprehensive investment management technology platform (CWAN).
Aon has announced two senior appointments to support the growing complexity and capital demands of digital infrastructure investment worldwide.
The Ho Chi Minh City Stock Exchange (HoSE) has placed BMI shares of Bao Minh Insurance Corporation (BMI) under warning status, effective 10 April.
The investment performance of insurers and takaful operators (ITOs) will remain sensitive to financial market conditions amid global economic and policy uncertainties, including those arising from the conflict in the Middle East, Bank Negara Malaysia (BNM) said.
Asia-Pacific insurers have sufficient capital buffers to absorb investment and underwriting stresses from the Middle East conflict, in S&P Global Ratings' (S&P) base case.
Taiwanese life insurers' growing exposure to the Middle East could face valuation pressure amid ongoing conflict in the region, though the risks remain manageable for now, according to S&P Global Ratings.
Tokio Marine Holdings (TMHD) has entered into a strategic partnership with National Indemnity Company (NICO), a reinsurance unit of Berkshire Hathaway.
Asia Commercial Bank (ACB) is proposing to amend a plan to establish a non-life insurance subsidiary, with the new proposal to be tabled at the bank's upcoming 2026 Annual General Meeting.
The ongoing Iran-Israel conflict, while not a direct claims event for life insurers, is a macro stressor that is reinforcing the sector's resilience and adaptability.