With the TikTok ban driving massive traffic to Rednote (formerly Xiaohongshu), insurance companies and banks are eagerly joining the platform, publishing bilingual content to introduce their services.
The UAE's federal export credit company, Etihad Credit Insurance (ECI), has become the first insurer in the country to join the KYC blockchain platform. The initiative improves KYC compliance, customer data quality, and supports future growth of the network and is led by the Dubai Department of Economy and Tourism (DET).
Thai Setakij Insurance has partnered with online event ticket platform Thai Ticket Major to offer embedded ticket protection insurance, providing customers with refunds if they are unable to attend events.
eCommerce platform Lazada, and technology provider Peak3 have formed a JV to set up a new digital and embedded insurance ecosystem in South East Asia.
The Philippine Crop Insurance Corp. (PCIC) has partnered with G-Xchange to allow farmers to receive indemnity payouts directly through GCash.
Chinese insurance consumers showed the highest acceptance of AI driven insurance solutions whilst Australians were the least receptive to these according to GlobalData 2024 Emerging Trends Insurance Consumer survey.
Thailand based Dhipaya Group Holdings has revealed that the country's non-life insurance industry premium could grow 2.5 times to reach 734bn baht ($21.6bn).
Fujitsu and the National Institute of Informatics of Japan (NII) will collaborate to curb the spread of disinformation, including deepfakes created through generative AI. The two organisations have launched a full-scale industry-academia collaboration to curb the spread of disinformation.
Qatar Insurance Company (QIC) has introduced new features on its mobile application (QIC App), offering drivers and car owners extra convenience to fulfil their car-related needs.
More than three fourth (78%) of the insurers participating in a study, plan to increase their technology spending in 2025. At least 33% expect a 10% to 19% rise and 14% forecasting an increase of 20% or more according to the new study.