The Insurance Federation of Egypt (IFE) has recommended that insurance companies adopt predictive analytics and artificial intelligence to gain insight into customer behavior and preferences.
Local InsurTech Surer yesterday announced a partnership with specialist underwriting firm Delta Underwriting.
Online insurer Go Digit General Insurance filed its draft red herring prospectus (DRHP) with the markets regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).
The Financial Regulatory Authority (FRA) hopes to double penetration in the next four years, as part of the its drive to increase financial inclusiveness, according to Mr Hesham Ramadan, assistant to the FRA chairman.
The Gabonese Federation of Insurance Companies (FEGASA) is currently involved in a drive to establish digital technology in the insurance industry as a strategic lever for economic transformation and social inclusion.
Tokio Marine Asia has formed a strategic partnership with Arbor Ventures, a leading global FinTech / InsurTech-focused venture capital firm, headquartered in Singapore.
The Economic Community of West African States (ECOWAS) plans to digitise the Brown Card in all the countries of the community area.
A report published by reinsurance broker Gallagher Re states that global investment in the InsurTech sector of $2.41bn in Q2 2022 was 8.3% greater than the total in Q1, but still 50.2% below 2021's record-breaking second quarter.
The UAE's largest Shariah-compliant insurer Islamic Arab Insurance Company (SALAMA) has formed a partnership with start-up Wellx, the region's first-of-its-kind wellness-centric health insurance platform.
The life insurance industry is going through a churn, as digitalisation takes centre stage but personal interaction is still vital for its survival.