ZhongAn Online P&C Insurance has announced that its unaudited consolidated net profit attributable to shareholders for the six months ended 30 June 2020 would increase by at least 100% as compared to an unaudited consolidated net profit of approximately CNY94.5m ($13.5m) for the corresponding half in 2019.
Consumers of financial services products have gone increasingly digital in the COVID-19 era, with almost 80% now preferring online access. Customers are also demanding better value for money from providers, a KPMG Australia survey of over 1,500 people has found.
Taiwanese insurance customers with policies from multiple insurers can now update their personal information or file claims by applying through just one of their insurance companies, thanks to blockchain technology.
Dubai-based Felix, an insurance e-commerce and automation platform for insurance brokers, has closed an $800,000 seed round led by a Saudi Arabian investor with participation from the Oman Technology Fund.
The CBIRC has issued a notice to standardise and strengthen the management of Internet insurance sales behaviour and protect the interests of consumers who buy their insurance policies online.
Insurers will need to change how they support agents to help them become more resilient in the face of the COVID-19 pandemic and prepare to thrive in the next normal, according to an article posted on the website of the global consulting firm McKinsey.
China Pacific Insurance Company (CPIC) is planning over the next two to three years to expand its usage of voice analytics and emotion detection solution for risk assessment and fraud detection in additional insurance types and business units.
Insurance-comparison platform GoBear has partnered with cloud-banking platform Mambu and digital credit-scorecard provider CredoLab to spread its lending business across Asia, according to Mambu in a statement on Monday.
Bima Mandi, an InsurTech launched in India, will focus exclusively on rural markets and make available specific products catering to this segment of the population.
Great Eastern has announced a strategic investment of US$70 million in Axiata Digital's financial services (DFS) business, via a newly created holding company wholly owned by Axiata Digital, the digital services arm of Axiata Group Berhad.