China's insurance claim services for policies sold through the Internet have three major features: they are almost totally online, intelligent, and paperless, according to a study by the Institute of Finance and the Insurance and Economic Development Research Centre, both of the prestigious think tank, the Chinese Academy of Social Sciences.
Insurance customers needs are shifting from passive post-incident claims to pre-medical services and active health management, according to Ping An Insurance (Group) Company of China.
The Turkish insurance industry has assessed that it will be able to pay - by the end of June 2023 - 95% of all claims, including from corporate clients, arising from the 6 February Kahramanmaras-centred earthquakes.
For every NGN100 of premium collected from insurance customers in Nigeria, insurers pay out only NGN24 in customer benefits, according to Mr Debo Ajayi, who is a consulting actuary of TAF Consulting Group.
TARSIM Agricultural Insurance has revealed that it has settled claims of around TRY26m ($1.35m) for livestock losses due to the devastating 6 February earthquakes.
Assure (Singapore) started operating as a direct insurance broker in Singapore on 1 April 2023.
The government is pushing for changes, including higher limits for the ombudsman, to enable insurance disputes to be resolved in a timely manner.
FinTech start-up, OnePay, has developed self-service digital terminals, focused on insurance services in Morocco and Africa.
Companies may face 'heightened' and growing risk of political violence and civil protests driving losses through damage to buildings or business disruption according to a new report by Allianz Global Corporate & Specialty (AGCS).
India's four state-run general insurers are embracing digitisation in their motor insurance business to prevent ceding market share to private-sector rivals.