Digital transformation is no longer an option, but a "necessity to survive and thrive", according to EY Partner Bernadeth Saoria Gultom at the 28th Indonesia Rendezvous, which ran from 9 to 12 October in Bali, Indonesia.
Technology investments have led to operational efficiencies and product innovation in the life insurance segment in New Zealand, said AM Best.
Suncorp, one of Australia's leading insurers, is working with technology partners on the modernisation and integration of its core policy, pricing and customer platforms as it continues its journey to becoming a digital insurer.
Amid the growth in demand for reinsurance, driven by four major transitions - climate, energy, digital, and demographic - Singapore will reinforce its status as Asia's leading reinsurance hub through several approaches, according to Singapore deputy prime minister, minister for trade and industry and chairman of the Monetary Authority of Singapore (MAS) Gan Kim Yong.
The chairman of the Nigerian Insurers Association (NIA), Mr Kunle Ahmed, has unveiled a strategy to transform challenges into opportunities for the insurance industry.
Australian Securities & Investments Commission (ASIC) is urging financial services and credit licensees, including insurance companies, to ensure their governance practices keep pace with their accelerating adoption of artificial intelligence (AI).
The Monetary Authority of Singapore (MAS) has announced the establishment of the Global Finance &Technology Network (GFTN) to strengthen Singapore as a global FinTech hub and enhance global connectivity for impactful innovation in financial services.
Ghana's National Insurance Commission (NIC) has granted its approval to the first cohort of five InsurTechs to enter the regulatory sandbox to test innovative insurance solutions in a controlled environment.
China's first urban agglomeration weather insurance joint innovation engineering centre was inaugurated at the 2024 Shanghai International Reinsurance Conference on 23 October.
Coalition has appointed to its Australian cyber security team Mr Alec Snazelle as managed detection and response analyst in Canberra, Mr George Oosthuizen as security support analyst in Melbourne and Mr Glen Scott as senior security analyst in Perth.