National reinsurer Malaysian Re has expanded into the family retakaful business with support from Pacific Life Re which will provide technical pricing, underwriting, product development, experience analysis and global insights. Both parties signed an MoU and entered into a partnership to provide sustainable retakaful solutions to family takaful operators.
EY insurance sector leader Asia Pacific Grant Peters told Asia Insurance Review that insurers in the region have a critical role to play in helping society prepare for, and protect against, the threats presented by climate change, cyber crime, disruptive technologies and demographic shifts.
At the Singapore FinTech Festival in November, we spoke to Swiss Re APAC head of digital and smart analytics Yannick Even, on how customer engagement can be improved through the use of data analytics.
Customer experience and operational efficiency are two key pillars that elevate an insurer over its competitors. Despite the intense competition, especially in the medical business in the UAE, opportunities remain for insurers who are investing in technology and talent, said Mr Dimitris Mazarakis, SVP and general manager of MetLife Gulf.
A survey by DHL Resilience360 shows that even as the US - China trade war drags into its 16th month, more than one-quarter of multinational firms have not made contingency plans.
Indonesia is the third-most spammed country in the world according to the latest Truecaller Insights Report published on 3 December 2019. The Swedish-based smartphone application Truecaller said this is a significant jump from last year's 16th position.
FINEOS Corporation chief commercial officer Ian Lynagh shared the solutions to common problems that insurers faced in the digital world, in this interview during the Singapore FinTech Festival, held in November.
In the event of a cyber breach, it is advisable to notify customers even in the absence of legal obligation to do so. Customers being notified can actually assist in mitigating reputation damage, said speakers at the latest Emergence Insurance webinar for brokers.
Ping An's overseas investment arm Ping An Global Voyager Fund has led a $70m Series D funding in Indian auto technology company CarDekho alongside Sequoia Capital and Hillhouse Capital. This is the insurance group's first venture investment in India.
NOVI Health (NOVI), a Singapore-based medical and digital health provider, with a focus on preventing and reversing chronic lifestyle-related diseases, has collaborated with Great Eastern. The collaboration brings its holistic services to enhance the insurer's existing portfolio of health solutions.