Insurance companies in China are entering the intelligent vehicle market as the proportion of new cars equipped with high-level intelligent systems increases.
According to the report titled "Deepfakes in the Financial Sector: Understanding the Threats, Managing the Risks", published by the Financial Services Information Sharing and Analysis Center (FS-ISAC), the word 'deepfake' is a portmanteau of the words 'deep learning' and 'fake'. It also defined deepfakes as "synthetic media produced by GenAI".
The National Insurance Commission (NAICOM) and the Nigerian Data Protection Commission have signed a Memorandum of Understanding (MoU) aimed at strengthening data protection in the insurance sector.
The Moroccan insurance sector is reinventing itself by accelerating digital transformation and increasing use of artificial intelligence.
About two-thirds (66%) of insurance agents in China in 2024 believe that AI will have a large or significant impact on insurance sales, an increase of nearly two percentage points from last year, according to a white paper on the intermediary market.
Prudential officially launched the Prudential AI Lab in Singapore, on 19 November 2024, marking a significant milestone in the local insurance sector.
bolttech, a fast-growing global InsurTech company, has closed a $50m venture debt facility with HSBC, the company announces in a statement.
The life insurance industry is "undergoing a profound transformation driven by an unpredictable world and the rapid evolution of intelligent technologies", according to a report, "Life Insurance x AI", published by Eliot Partnership and Snowflake.
Researchers have used machine learning to design a more cost-efficient insurance contract that could better protect farmers against weather risks arising from climate change.
The current technology-neutral Australian Consumer Law (ACL) should be maintained and applied to new and emerging technologies as it already is, says the Insurance Council of Australia (ICA).