Tag Search Result

Show result per page
Page 1 of 63

Technology tag returned 624 results

  • Cyber attacks hit businesses hard with nearly $5m losses: Study

    Businesses in China, Japan and India are seeing an estimated average loss of nearly 10% of their revenue due to cyber attacks, revealed a new report from global research initiative titled 'The Cybersecurity Imperative'. In fact, annual losses from cyber attacks globally averaged $4.7m in the last fiscal year with over one in 10 firms losing over $10m. This highlights that most companies across industries and regions are witnessing a greater volume of cyber attacks and higher losses per incident.

    Asia | 17 Jul 2019
  • Singapore: Local FinTech introduces 'dynamic' QR code for insurance payments

    Singapore Life is said to have resolved the issue of mismatching premiums and policy numbers with the introduction of its new embedded QR code. Dubbed the scan-and-pay Singapore Life-DBS PayNow QR code, it has been developed via a collaboration between the insurer and local bank DBS for customers across life and term insurance, critical illness and endowment plans verticals. To date, over S$11m ($8.09m) of premiums have been transacted via this feature

    Asia | 17 Jul 2019
  • Air pollution kills more people than smoking

    New data indicates that the impact of the smallest pollution particles, known as PM2.5 - main cause of respiratory and cardiovascular diseases -on human health is much worse than previously thought.

    Asia Risk | 17 Jul 2019
  • Australia: Increasing socially-engineered cyber attacks demands greater protection

    The first quarter of 2019 saw a 17% increase in cyber criminals using impersonation in phishing attacks primarily by imitating well-known brands, revealed new research from cyber security company FireEye which analysed 1.3bn phishing emails. This has stressed the need for organisations to engage in better training and education as well as insurance as a last line of defence.

    Asia | 15 Jul 2019
  • South Korea: IT giant enters insurance business with acquisition of insurance platform

    Kakao Pay, the FinTech division of IT giant Kakao, has acquired insurance platform start-up, Inbyu's shares and secured its management rights, reported The Korea Times. The acquisition is considered a strategic move for the FinTech to enter the insurance business as Inbyu will act as a general agency for Kakao Pay's insurance services.

    Asia | 12 Jul 2019
  • Assurance through data

    This week, we speak to Assurant president, Asia Pacific Manfred Schmoelz on the importance of data, warranties and telematics.

    AIRPlus | 11 Jul 2019
  • Technology is top risk for Asian insurers

    According to a report by the Centre for the Study of Financial Innovation (CSFI) and PwC, technology tops the list of risks in 2019 that insurers need to look out for. Alongside other pressing risks such as cyber and regulation, the Insurance Banana Skins report surveyed 927 industry members across 53 territories, of which 36% were from Asia.

    AIRPlus | 11 Jul 2019
  • India: Regulator grants insurance broking licence to FinTech start-up

    The Insurance Regulatory and Development Authority of India (IRDAI) has granted an insurance broking licence to Nearby Technologies, reported moneycontrol.com. The FinTech will be operating its insurance broking services under the newly-created Nearby Insurance Broking Services division and launch a new brand called InsureNearby. As part of its launch strategy, the start-up has acquired We Care Insurance Broking Services.

    Asia | 10 Jul 2019
  • Moody's and Team8 set up a joint venture for global standard for cyber risks

    Moody's Corporation and Team8, a leading cyber security think tank and company creation platform, have announced the formation of a joint venture to establish a global standard for evaluating and assessing cyber risk for enterprises.

    Asia Risk | 10 Jul 2019
  • New IFRS17 solution to 'bridge gap between risk and finance'

    As the deadline for the new international financial reporting standard (IFRS) rapidly approaches, Aon has introduced a new IFRS17 solution on its ReMetrica capital modelling platform for insurers. This will help them manage the increased volume of data and complexity of calculation required for IFRS17.

    Asia | 09 Jul 2019

    Follow Asia Insurance Review