One of the issues the insurance industry tackled at the Global Insurance Forum 2023 was the importance and benefits of a diverse workforce and how the sector could work towards it.
That was the question CNN Philippines senior news anchor Rico Hizon posed at the recently concluded SIRC 2023.
As Türkiye's insurance market experienced significant growth in premiums in 2Q2023, the regulator Insurance and Private Pension Regulation and Supervision Authority (SEDDK) continues to focus on making these results sustainable and ensuring market discipline. SEDDK president Mehmet Akif Eroglu was delivering a keynote address at the 2nd Türkiye Rendezvous.
Recent events such as the February 2023 earthquake and supply chain disruptions have highlighted the importance of insurance in Türkiye. The insurance industry plays a vital role in mitigating economic issues faced by the country. Speakers at the 2nd Türkiye Rendezvous 2023 share their insights on the market.
Malaysia's takaful industry has been promoting values-based intermediation to spur innovation and support the development of takaful. While the takaful market in Malaysia has experienced growth in the past year, operators face several challenges to innovate and scale their business.
The number of motor claims in Malaysia has skyrocketed in 2022 - signalling a return to pre-pandemic traffic activity. Insurers had to deal with rising repair costs across car brands and models as well. Speakers at the Asia Motor Insurance and Claims Management Conference discussed possible solutions motor insurers can adopt amid a challenging operating environment.
The integration of advanced technologies such as generative AI has paved the way for further evolution, offering improved efficiency, reduced costs and enhanced customer experience. Various AI applications are currently in use in the insurance industry, ranging from underwriting to claims processing. Speakers at the Insurance 2030 conference themed AI, the future revolution and quantum leap, discussed how generative AI can help and change business models, how insurers can leverage AI for more streamlined operations and how AI can enhance customer experiences.