Four Chinese government ministries or agencies have set out 20 measures to accelerate the high-quality development of sci-tech insurance that plays an important role in risk dispersion and financial support for technological innovation.
The Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA), and the Mandatory Provident Fund Schemes Authority (MPFA), in collaboration with the Hong Kong Cyberport Management Company Limited (Cyberport), announced on 5 March the launch of the GenAI Sandbox++ initiative.
The Insurance Regulatory Commission of Sri Lanka (IRCSL) has unveiled the Centralised Insurance Data Repository. Done in collaboration with the Credit Information Bureau of Sri Lanka (CRIB), the initiative was conceptualised under the leadership and guidance of IRCSL Chairman Dr Ajith De Mel.
The Chinese government has issued new guidelines to accelerate the high-quality development of sci-tech insurance, among broader efforts to strengthen technological self-reliance.
The Competition Commission has recommended that the Competition Tribunal approve the proposed acquisition by Orient Victoria and KP Partners of King Price Financial Services (KPFS) and Porcupine Union, without conditions.
Thailand's insurance regulator, Office of Insurance Commission (OIC), has modernised its data infrastructure using solutions from NetApp.
Fairfirst insurance has partnered with SLT-Mobitel mobile to launch the country's first-ever mobile billing solution for motor insurance.
Sukoon Insurance has announced a suite of AI-driven solutions for motor insurance renewals.
The Iraqi government has rolled out the Dhamani digital health platform built to bring health insurance and medical records into the digital age.
A heated race is currently taking place in the insurance industry to launch insurance apps on AI platforms.