In today's fast-changing environment, Japanese insurers must continue to transform in order to maintain competitiveness and grow globally, says the international professional services firm PwC.
Tunis Re, the locally-incorporated reinsurer with a leading position in the Tunisian reinsurance market, is working on adopting and developing technology, including a massive data management project, according to Ms Lamia Ben Mahmoud, CEO of the reinsurer.
Factors such as growing amounts of data, changing customer expectations, competition from newer, non-traditional players in the insurance industry and risk management and mitigation are some drivers behind increased digitalisation and automation in insurers, according to SS&C Blue Prism - ASEAN and Greater China region vice president of sales James Lucas.
Kairos has appointed Mr Andre Siregar as CTO. In his new role, he will work closely with Mr Albret Lim, managing director SEA and Mr Stephen Lee, managing director, banking solutions.
The Tunisian Federation of Insurance Companies (FTUSA) is developing a digital platform which will centralise insurance industry information, according to Mr Hatim Amira, executive director of the organisation.
Saudi Insurance, a body representing the interests of insurance companies in the kingdom, has established a cyber security sub-committee, following approval from the Insurance Authority.
The Securities and Exchange Commission of Pakistan (SECP) has entered the second phase of its end-to-end digital transformation and automation project, LEAP (Leading Efficiency through Automation Prowess), thereby automating its regulatory approvals and licensing regime.
The Insurance Federation of Egypt (IFE) is promoting employer liability insurance, which contributes to helping companies maintain safer workplaces by improving their risk management.
Strengthening protections around AI must start with sharpening or otherwise adjusting existing regulatory frameworks, says the Insurance Council of Australia (ICA).
Insurers in Bahrain are addressing the growing trend of EV ownership although the current number of such vehicles is less than 750 out of a population of 750,000 vehicles in the kingdom.