China yesterday proposed relaxing some rules concerning the transfer of data abroad in a move likely to bring some relief to foreign and Chinese companies in the country who trade overseas, reported Reuters.
Some of China's cross-border data transfer regulatory requirements are not very clear or practical, which creates significant uncertainties and, in many cases, results in unfair disadvantage for foreign-invested insurance companies due to expansive interpretation, says the Insurance Working Group (IWG) of the European Chamber in China.
The Insurance Authority (IA) has rolled out the Open Application Programming Interface (API) Framework (the Framework) and the Central Register for the insurance sector, providing guidance and necessary facilitation to market participants as they implement Open API.
Economic unrest is expected to threaten security in Asia Pacific more than anywhere in the world and on par with Sub-Saharan Africa according to the first edition of World Security Report published by the British multinational security company G4S.
Technological addiction not only exacerbates young people's mental health problems, it also worsens their loneliness and body image issues according to a new report by AXA Hong Kong and Macau.
A new report has revealed that 82% of workers in Asia have a high (35%) to moderate (47%) mental health risk, which highlights a growing concern of workplace wellbeing in Asia.
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.