Anoud Technologies (Anoud Tech), a global InsurTech group based in Qatar, launched its UAE branch last week as part of its strategy to become the IT platform provider of choice for the insurance industry in the MENA region and beyond.
The Global Association of InsurTech Professionals (GAIP) has been launched in Dubai, to bring under one umbrella international InsurTech personalities, innovators, technology providers, investors, senior dignitaries, government authorities, insurance industry regulators, and other key stakeholders.
Consumers in China rank health risk protection as their first priority in insurance purchases, leading to critical illness (CI) insurance being the product with the highest ownership rate in 2023.
The Qatar Central Bank (QCB) yesterday issued instructions to digital insurance companies, aimed at drawing up the regulatory framework for digital insurance activities in the country.
Almost two-third (62%) of insurance executives recognise AI and machine learning technology as elevating underwriting quality and reducing fraud in the insurance industry.
Tokio Marine Holdings has announced that the Group will develop a new "Business Architect" development programme to be provided externally starting from May 2024. It would help to expand its data scientist development programme "Data Science Hill Climb" which has been offered externally since 2020.
Several developments are set to change fundamentally the product logic and pricing model of traditional auto insurance, says the international professional services firm KPMG.
The open "insurance +" ecosystem will span multiple industries and represent an important new market for InsurTech companies, says the international professional services firm KPMG.
Two mainland Chinese-controlled technology-driven insurance intermediaries made the headlines in the past few weeks with the successful launch of their initial public offerings (IPOs) on Nasdaq.
The entry of new players in the list of the top 10 motor insurers in India has changed the competitive dynamics of the country's related insurance industry, said data and analytics company GlobalData.