The COVID-19 pandemic has pushed health and wellbeing to the forefront of consumers' concerns and there is an urgent need for cost-effective healthcare backed by insurance, said speakers on the opening day yesterday of the Virtual Asia Conference on Healthcare and Health Insurance.
Life insurance policies in Taiwan will gradually become paperless, according to the director-general of the Insurance Bureau of the Financial Supervisory Commission (FSC), Ms Shih Chiung-Hwa.
ZA Tech Global has opened its first Asia Fintech Centre (AFC), which will specialise in solving specific use-cases in insurance and financial services in collaboration with industry partners, according to an announcement by the firm.
The future of the traditional insurance players is playing out on the mobile, according to Mr Aurelien Duval-Delort, founder of Bizao, a mobile payment services operator in Africa.
Four start-ups have been selected under the second edition of the InsurTech accelerator programme 'Max Life Innovation Labs 2.0'.
Indian online insurance platform Policybazaar is planning an initial public offer that could raise about $500m, reported Bloomberg quoting according to people familiar with the matter.
China's online property insurance industry saw a decline in earnings last year, industry data showed.
A complete digital transformation of the insurance sector is unlikely at present, even though the COVID-19 pandemic has accelerated digitalisation in the sector.
Insurance companies and brokers must go further to support the fast-growing digital health and wellness sector with more specialist coverage that meets its specific risk requirements and helps companies to navigate the complex risk landscape.
The Financial Services Authority (OJK) has issued a regulation on the implementation of risk management in the use of information technology by non-bank financial institutions (NBFIs), including insurance companies.