ZhongAn Online P&C Insurance's operating performance, going forward, would remain subject to investment volatility as well as business risk in the turnaround strategies of its banking and technology segments, in the view of AM Best.
Insurance agents are asking themselves questions about the impact of adopting digital tools on the profession, according to National Union of Insurance Agents of Tunisia (Snagat) secretary-general Moncef Felli.
Technology investments have led to operational efficiencies and product innovation in the life insurance segment in New Zealand, said AM Best.
The National Federation of Insurance Agents and Brokers (FNACAM) has signed strategic partnership agreements with two payments companies, CashPlus and Barid Cash.
Suncorp, one of Australia's leading insurers, is working with technology partners on the modernisation and integration of its core policy, pricing and customer platforms as it continues its journey to becoming a digital insurer.
Pacific Life Re and Kakao Pay Insurance have signed a Memorandum of Understanding (MoU) to provide sustainable and innovative life insurance solutions in South Korea.
Australian Securities & Investments Commission (ASIC) is urging financial services and credit licensees, including insurance companies, to ensure their governance practices keep pace with their accelerating adoption of artificial intelligence (AI).
The Monetary Authority of Singapore (MAS) has announced the establishment of the Global Finance &Technology Network (GFTN) to strengthen Singapore as a global FinTech hub and enhance global connectivity for impactful innovation in financial services.
Igloo, a Southeast Asian InsurTech, is expanding into the direct-to-consumer market with its launch in Indonesia of www.igloo.co.id.
Regulatory push, the advent of rural and social-focused insurance players, digital adoption and innovation are expected to drive the insurance industry, said a report released by the Confederation of Indian Industry (CII) and professional services firm KPMG in India.