Humanoid robot insurance has transitioned from an experimental niche to a specialised sector backed by significant policy momentum. As the Chinese government ramps up its high-tech initiatives, the insurance industry is moving in lockstep to secure the future of "embodied intelligence."
More than four in five insurers (82%) in Singapore say they are ahead of their competitors in adopting digital systems, yet nearly all (98%) acknowledge that legacy technology is constraining business growth, according to research from Clearwater Analytics, a comprehensive investment management technology platform (CWAN).
Organisations globally are continuing to accelerate AI adoption, even as security and compliance risks remain well recognise, according to a study by TrendAI, the enterprise AI security division of Trend Micro.
Blend Insurance Solutions has appointed Ms Melanie Hoffmann as Head of Accident and Health (A&H). Her appointment comes as Blend undergoes a total overhaul of its workflow, moving toward an AI-native ecosystem designed to strip away the operational friction that slows down underwriting.
Aon has announced two senior appointments to support the growing complexity and capital demands of digital infrastructure investment worldwide.
Xceedance, a global provider of technology-driven business solutions for the insurance industry, has appointed Ms Vijay Laxmi Tarafdar as Associate Vice President, Client Partner for Australia and New Zealand.
The frequency and intensity of severe convective storm (SCS) events have increased significantly, leading to insured losses in billions of dollars globally, according to new analysis by Allianz Commercial.
Artificial intelligence is expected to lead to more flexible, relevant, and customer-centric insurance products. This is according to PolicyStreet Co-founder and Chief Product Officer Winnie Chua, who said that for many insurers, the shift is not just about efficiency but also about fundamentally rethinking how coverage is designed and delivered.
The Thai insurance regulator, the Office of Insurance Commission (OIC), has asked Google to help formulate guidelines to prevent and suppress insurance-related offences in the form of fake applications or offerings of unlicensed foreign insurance companies that are operators not supervised by the Commission.