Morocco is banking on digitalisation as a strategic lever to expand access to insurance, the president of the Insurance and Social Security Supervisory Authority (ACAPS), Mr Abderrahim Chaffai, has said.
The Algerian Union of Insurance and Reinsurance Companies (UAR) plans to digitise the vehicle insurance certificate to allow policyholders to obtain it online, the UAR president, Mr Youcef Benmicia, has announced.
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.
bolttech, a fast-growing global InsurTech company, has closed a $50m venture debt facility with HSBC, the company announces in a statement.
Prudential officially launched the Prudential AI Lab in Singapore, on 19 November 2024, marking a significant milestone in the local insurance sector.
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.