Regulators still support insurers and banks cooperating with Internet-based platforms, despite recent anti-trust measures taken in the FinTech sector, reported Reuters quoting Mr Liang Tao, a CBIRC vice chairman.
Insurance companies in South Korea are accelerating efforts to speed up digitalisation of their operations as Internet giant Kakao Corp pushes to establish the nation's third digital general insurer.
More than 81% of respondents surveyed say that technology has improved their access to health services, while 60% believe that it has led to better affordability. These were some of the findings from Prudential Corporation Asia's 'The Health of Asia Barometer' report written by the Economist Intelligence Unit (EIU), which polled 5,000 adults across 13 markets in Asia.
The latest incarnation of India's government-sponsored agricultural insurance programme, PMFBY, has been around for almost five years now. While it has successfully addressed some of the inefficiencies that plagued the sector in years past, there remains room for improvement.
The CBIRC yesterday announced its decision to impose administrative supervision measures against Anxin Property & Casualty Insurance, which is an online-only insurer.
Grab Financial Group (GFG), Southeast Asia (SEA)'s leading FinTech platform, yesterday announced that it has raised over $300m in its Series A funding round, led by Hanwha Asset Management, South Korea's leading asset management company.
The Bangladeshi government is undertaking a BDT6bn ($70.75m) project to ensure faster upgrading and digitalisation of the insurance sector, Mr M Mosharraf Hossain, chairman of the Insurance Development and Regulatory Authority (IDRA), has said.
Over four fifths (81%) of respondents in a regional healthcare survey say technology has improved their access to health services and nearly two thirds (60%) believe it has improved affordability.
BH Assurance, which underwent a rebranding exercise a year ago transforming itself from Assurances Salim, has implemented a digital transformation strategy.
The CBIRC is proposing revised conditions for insurers which engage in Internet life insurance business.