Digital footprint data is seen to improve cyber claim prediction beyond traditional underwriting factors such as revenue, industry and geography, according to research by Gallagher Re and cyber risk intelligence firm KYND.
AXA Hong Kong and Macau has signed a Memorandum of Understanding (MOU) with BytePlus to integrate AI and large language model (LLM) solutions into its operations. The announcement comes as the insurer seeks to accelerate digital transformation and responsible AI adoption across the insurance value chain.
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.