Australian Securities & Investments Commission (ASIC) is urging financial services and credit licensees, including insurance companies, to ensure their governance practices keep pace with their accelerating adoption of artificial intelligence (AI).
The Monetary Authority of Singapore (MAS) has announced the establishment of the Global Finance &Technology Network (GFTN) to strengthen Singapore as a global FinTech hub and enhance global connectivity for impactful innovation in financial services.
Ghana's National Insurance Commission (NIC) has granted its approval to the first cohort of five InsurTechs to enter the regulatory sandbox to test innovative insurance solutions in a controlled environment.
China's first urban agglomeration weather insurance joint innovation engineering centre was inaugurated at the 2024 Shanghai International Reinsurance Conference on 23 October.
Coalition has appointed to its Australian cyber security team Mr Alec Snazelle as managed detection and response analyst in Canberra, Mr George Oosthuizen as security support analyst in Melbourne and Mr Glen Scott as senior security analyst in Perth.
Summations and recommendations made at the 19th Annual Gulf Insurance Forum (GIF) held in Dubai on 15-16 October 2024 focused on growing weather-related risks and the best means to confront them. The Forum also addressed the increasing importance of technology in the insurance market.
Life insurers are ready to leverage generative AI to innovate their policyholders' experience and optimise operations according to new research by Capgemini.
CEOs in the insurance sector are confident about their company's growth prospects over the next three years despite challenges in digital transformation, talent and sustainability, a survey of 120 sector leaders from across the world finds.
Giving everyone the opportunity to access their own data openly, transparently, and securely by linking the data with the banking sector, which is the centre of financial services, will lead to the development of financial products and services that better meet consumer needs, according to the Office of Insurance Commission (OIC).
Stolen customer data including medical reports from India's biggest standalone health insurer, Star Health and Allied Insurance, is publicly accessible via chatbots on Telegram, reported Reuters.