InsurTechs have been under increasing pressure to demonstrate a plan for profitability as investors tighten their wallets to fund startups.
China's ZhongAn Insurance, together with ZhongAn Technology, has published a white paper on generative AI technology.
Asia could face serious and urgent water challenges ahead as climate change impacts the continent's 10 mighty rivers that flow through 16 Asian countries according to a new report.
Traditional insurance brokers primarily focuses on securing insurance coverage for their clients, but the broker of the new age must be more than that, said Singapore Insurance Brokers' Association president Ng Leng Leng.
China is gearing up for another summer of scorching temperatures in 2023. Major Chinese cities have issued heat advisories warning their citizens that potentially record-breaking temperatures are set to pose a threat to electricity supply, crops, and the country's economy.
Asia Pacific insurers' underwriting fundamentals are likely to remain steady despite short-term volatility in investment markets caused by higher interest rates, Fitch Ratings says. At the same time, headwinds from the COVID-19 pandemic and related measures are easing.
Members of the Asia Guarantee and Credit Insurance Association (AGCIA), the first association for guarantee and credit insurance insurers in Asia, could cooperate with each other to develop a customised credit insurance scheme for Asia, suggested Mr Nguyen Quang Hung, deputy CEO of BaoViet Insurance.
New York-listed Brown & Brown, a Florida-headquartered leading brokerage firm, has entered into an agreement to acquire Kentro Capital, which includes Nexus Underwriting, an independent specialty managing general agent (MGA).
FWD Group Holdings (FWD) is expanding its financial literacy programme, JA SparktheDream, to span seven markets in Asia as part of its 10th anniversary year community initiatives. Developed in partnership with Junior Achievement Asia Pacific (JA), the programme integrates financial, social and life skills education for students to help boost financial literacy in the region.
Global specialty (re)insurer Canopius has announced it is the first carrier on the Lloyd's Asia platform to underwrite its digital asset custody product from Singapore, and provide coverage regionally.