Insurers in Hong Kong are increasingly using AI in sales and underwriting processes, with new tools designed to provide advisers with faster preliminary assessments, reported Hubbis.
Urtrust Insurance Co is expected to maintain its underwriting advantage in the new-energy vehicle (NEV) segment through close partnerships with manufacturers and improved pricing capabilities driven by richer operational data, said Fitch Ratings.
Manulife Financial Asia and Ant Health have entered a partnership to explore solutions in connected health care Hong Kong and mainland China.
Sompo Japan has entered a partnership with satellite-based intelligence data provider, ICEYE to enhance its response to flood events and support customers affected by natural disasters.
The Tunisian Federation of Insurance Companies (FTUSA), in its latest digitalisation move, requires applications for a listing in the register of insurance experts and claims adjusters to be lodged online. The requirement took effect on 1 September.
The Insurance Authority has signed a cooperation agreement with HUMAIN, which specialises in delivering integrated artificial intelligence capabilities globally.
Peak Re has appointed Mr Nattakorn "Natt" Wattanaumphaipong as Head of Distribution and Partnerships and Mr Sanjiv Agarwal as Head of Operations.
Descartes Underwriting, a global provider of corporate parametric (re)insurance solutions for climate and emerging risks, and Generali Global Corporate & Commercial (GC&C), the business unit of Generali Group providing insurance solutions and services to medium and large companies in more than 180 countries, have renewed their strategic partnership.
Australian insurer Suncorp is partnering with Aussie tech company Codafication to support its property claims process.
The Insurance Development and Regulatory Authority (IDRA) plans to bring major reforms in the country's insurance industry, including a crackdown on data manipulation as part of its broader plan to protect policyholder interests, reported the Financial Express.