A majority (56%) of financial executives involved in insurance decision-making globally expect to generate more than 10% of their revenue from embedded insurance within three years according to a new survey by Chubb Insurance.
Based on information of fraud obtained through AI and ML anti-fraud initiative, India's government run health insurance scheme Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) has collected a penalty amount of INR95m ($1.15m) while 0.53m Ayushman cards have been disabled and 210 hospitals de-empanelled.
The 12 new teams that are joining the 11th cohort of the Lloyd's Lab will work on the new theme Asia-Pacific Climate Risk, Cyber and Sustainability. In addition, Data & Models and New Products will be the other two themes carried forward, with each InsurTech being aligned with one of the three themes.
Places that have experienced more pollution from wildfires and farming have higher rates of dementia according to a new study published by the University of Michigan. The study found that climate change provides a boost to those odds.
The sea-ice surrounding Antarctica is well below any previous recorded winter level according to new satellite data. According to experts, this is a worrying new benchmark for a region that once seemed resistant to global warming.
A new study has revealed that of the nine boundaries of the planetary boundaries' framework, six boundaries have been transgressed, suggesting that Earth is now well outside of the safe operating space for humanity. Only three important health markers are considered safe.
A new industry-wide risk indicator library for operational and non-financial risk (ONFR) has become operational.
In New Zealand vehicle insurance is the number one thing that people complain about to the Insurance & Financial Services Ombudsman Scheme (IFSOS). Vehicle insurance complaints constituted 23% of all complaints the IFSOS investigated in the past year.
The Ministry of Public Health is implementing many different solutions revolving around health insurance data management, including the national health information exchange known as the "Qatar Health Information Exchange Platform" and the Qatar Pharmaceutical Track and Trace System.
Climate change aggravates the risk of fast-spreading wildfires by an average of 25% as compared to pre-industrial era according to a new study.