Thailand's insurance regulator, the Office of the Insurance Commission (OIC), has signed a Memorandum of Understanding (MoU) on data linkage for insurance with the Department of Energy Business at the Ministry of Energy.
More people are turning to generative AI for financial decisions, according to the findings of a study by Sun Life.
Over the past year, a series of "first-ever" technology insurance products has been launched, which are targeted at specific emerging technologies, the applications thereof and various scenarios.
Nasdaq-listed Cheche Group, a leading auto insurance technology platform in China, has sealed a strategic cooperation agreement to develop digital insurance services.
Dubai Insurance, a leading insurer in the UAE, yesterday announced it had launched the first digital wallet for crypto assets in the UAE insurance sector, developed in partnership with Zodia Custody.
Climate reporting and AI are immediate growth opportunities for the actuarial profession, according to the incoming President of the Actuaries Institute, Mr Scott Reeves.
Insurance executives plan to increase spending on AI in 2026 despite facing critical skills shortages that threaten their ability to scale the technology, according to a new report by Accenture, a global professional services company.
The Shenzhen Municipal Financial Regulatory Bureau has proposed an action plan for the insurance industry to support technological innovation and industrial development.
More than nine in 10 (93%) of APAC insurers admit that legacy technology constrains their business growth, even as 87% claim digital leadership over competitors, according to new research by investment management platform Clearwater Analytics.
The real challenge for insurers adopting AI does not lie in the availability of technology, but rather in the lack of expertise and institutional capabilities capable of operating and managing the technology, according to the Insurers' Federation of Egypti (IFE).