Economic unrest is expected to threaten security in Asia Pacific more than anywhere in the world and on par with Sub-Saharan Africa according to the first edition of World Security Report published by the British multinational security company G4S.
Technological addiction not only exacerbates young people's mental health problems, it also worsens their loneliness and body image issues according to a new report by AXA Hong Kong and Macau.
Less than half (49.4%) of the Southeast Asians participating in a survey perceive climate change with high urgency levels, even as the region experiences extreme weather disasters fuelled by global warming.
A new report has revealed that 82% of workers in Asia have a high (35%) to moderate (47%) mental health risk, which highlights a growing concern of workplace wellbeing in Asia.
Global insurer Generali and the United Nations Development Programme (UNDP) have launched the "Insurance Innovation Challenge Fund", with the initiative to be started in Asia.
Malaysia's takaful industry has been promoting values-based intermediation to spur innovation and support the development of takaful. While the takaful market in Malaysia has experienced growth in the past year, operators face several challenges to innovate and scale their business.
Singapore-headquartered international InsurTech, bolttech, has added leading-impact investment firm LeapFrog Investments as a strategic investor in an extension of its Series B round. LeapFrog's $50m investment adds to bolttech's recent Series B funding round, now totalling $246m, the largest ever Series B round for an InsurTech.
Based on information of fraud obtained through AI and ML anti-fraud initiative, India's government run health insurance scheme Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) has collected a penalty amount of INR95m ($1.15m) while 0.53m Ayushman cards have been disabled and 210 hospitals de-empanelled.
A study by private life insurer SBI Life and Deloitte has revealed that 71% of uninsured Indians feel insurance is a critical lever for building financial immunity
The 12 new teams that are joining the 11th cohort of the Lloyd's Lab will work on the new theme Asia-Pacific Climate Risk, Cyber and Sustainability. In addition, Data & Models and New Products will be the other two themes carried forward, with each InsurTech being aligned with one of the three themes.