Modern technological tools must be integrated into the insurance business in Arab markets, and operators have to exert greater efforts to deal with the challenges that emerge with the use of technology, said the General Arab Insurance Federation (GAIF) secretary-general Chakib Abouzaid.
A new integrated air, space and ground monitoring system to better detect and prevent major geological disasters has been rolled out by China.
The insurance sector in Jordan has huge potential, with active regulatory reforms that will strengthen insurers' performance, especially when backed by technological developments, which will open the door for the country to become a regional hub, the governor of the Central Bank of Jordan said.
Online health insurer Bowtie Life has developed Hong Kong's first fully online medical underwriting system, designed to instantly evaluate applicants' health conditions, according to co-founder and co-CEO Fred Ngan.
This new company, yet to be named, will provide critical underwriting capabilities, underpinned by cutting-edge AI technologies, to help accelerate growth of the insurance and capital market ecosystem in the Gulf region and support the continued evolution of regional capital markets.
Insurers should deploy automation and Gen AI to compensate for expertise shortages and to drive efficiencies as populations age and mobility patterns shift in Asia and globally, according to the "2025 World Property and Casualty Insurance Report" by Capgemini Research Institute.
Zhibao Technology Inc (ZBAO), a Nasdaq-listed company, recently released its financial data for the first half of the 2025 fiscal year, showcasing its growth. The company's operating revenue for the period reached CNY146.4m ($20.14m), marking a 74% year-on-year increase. Operating profit also surged by CNY12.18m.
bolttech yesterday announced its partnership with Sumitomo Corporation, one of Japan's largest trading houses. The two companies will enter a joint venture to deliver technology-enabled embedded solutions to distribution partners across a number of markets in Asia.
Regulators in different parts of the world have very different thoughts and approaches to AI, McKinsey & Company senior partner Violet Chung indicated.
A new large AI model with inputs of data relating to certain specific symptoms of patients, can generate alerts about potential rare genetic disorders such as Rett syndrome or Angelman syndrome, or complex neurodevelopmental conditions within seconds.