Suncorp, one of Australia's leading insurers, is working with technology partners on the modernisation and integration of its core policy, pricing and customer platforms as it continues its journey to becoming a digital insurer.
Amid the growth in demand for reinsurance, driven by four major transitions - climate, energy, digital, and demographic - Singapore will reinforce its status as Asia's leading reinsurance hub through several approaches, according to Singapore deputy prime minister, minister for trade and industry and chairman of the Monetary Authority of Singapore (MAS) Gan Kim Yong.
The chairman of the Nigerian Insurers Association (NIA), Mr Kunle Ahmed, has unveiled a strategy to transform challenges into opportunities for the insurance industry.
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.