Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, yesterday inaugurated the fourth edition of the MENA InsurTech Summit alongside the inaugural MENA FinTech Summit at the Qatar National Convention Centre.
MENA InsureLab, the first dedicated InsurTech venture builder and accelerator in the Middle East and North Africa, has officially launched its operations with headquarters in Dubai.
bolltech yesterday announced its partnership with Sumitomo Corporation, one of Japan's largest trading houses. The two companies will enter a joint venture to deliver technology-enabled embedded solutions to distribution partners across a number of markets in Asia.
South Korea's first digital insurer seven-year-old Carrot General Insurance is set to be absorbed into its parent company Hanwha General Insurance after posting net losses for six consecutive years. Carrot General Insurance was established in 2019.
Recently, Shenzhen Financial Regulatory Administration announced that six Shenzhen-based property insurers jointly issued the country's first cross-border e-commerce credit guarantee policy. The launch marks the official start of Shenzhen's pilot program for using insurance innovation to support the cross-border e-commerce sector.
INSTANDA, a policy administration and digital distribution platform for the global insurance market, has appointed Mr Jerry Hall as head of business development, APAC.
Zhibao Technology, an InsurTech that primarily engages in providing digital insurance brokerage services, has announced the establishment of Zhibao Labuan Reinsurance Company.
The Moroccan Insurance Federation (FMA) has revealed several initiatives it is working on to improve efficiency and modernise the industry.
The Financial Services Authority (FSA) has launched the National Health Insurance Platform (Dhamani), a digital channel to regulate the Omani health insurance market and facilitate operations in the market.
The National Insurance Commission (NAICOM) has said that technology must be used to deepen rural insurance penetration across Nigeria.