The most AI-trusting people hail from emerging digital growth markets such as India, Indonesia, Philippines, Nigeria, Mexico, and Argentina, according to an analysis by Swiss Re Institute (SRI).
Bowtie, Hong Kong's first virtual insurer launched four years ago, has grown together with industry peers to triple the market share of the direct distribution channel to 8.5%.
InsurTechs have been under increasing pressure to demonstrate a plan for profitability as investors tighten their wallets to fund startups.
The Moroccan Federation of Insurance and Reinsurance Companies (FMSAR) is determined to launch a project to issue motor insurance policies online in the second quarter of this year, the association says in its latest bulletin.
The UAE insurance sector continued to grow in 2022, with the number of licensed entities increasing by 5.53% to 553 in 2022 from 524 in 2021, according to the Central Bank of the UAE (CBUAE).
ZhongAn Insurance and ZhongAn Technology have released the first-ever white paper on artificial intelligence generated content (AIGC) technology and the integration of AI into the Chinese insurance sector.
PICC P&C, China's largest non-life insurer, and China Re P&C have signed an agreement to establish a product innovation laboratory. The move signifies that cooperation between the two parties has reached a new level and entered a new stage.
The IRDAI is working to implement, by 1 August, two high-tech projects - Health Claims Exchange and Bima Sugam - to deepen insurance penetration and simplify claims procedures.
The end of the COVID-19 pandemic has seen a boom in tourism that in turn drove growth of online travel insurance sales in the first quarter of this year in both the life and P&C insurance branches.
Global specialty (re)insurer Canopius has announced it is the first carrier on the Lloyd's Asia platform to underwrite its digital asset custody product from Singapore, and provide coverage regionally.