Global: SCOR appoints new CEO of life and health

...Technology....

IAIS publishes comprehensive application paper on climate risk management

...technology systems and human resources) and business continuity (including outsourced activities), leading to increased operational costs, and may also impact other risks such as reputational or liti...

Middle East: Manual processes and data gaps challenge digital transformation in insurance markets

...technology is fully capable of transforming these processes, the challenge lies in demonstrating to brokers, insurers, and other stakeholders across the insurance lifecycle just how much it can simpl...

Global: Aon announces new appointments

...technology, business services, and client advocacy to continue to improve delivery of the client services operating model. Mr Griffiths will expand his role as gl...

Singapore: Manulife enhances integrated digital wealth platform

...technology and human advisory services. By integrating UT transactions and ILP portfolio management, we are setting new industry standards for digital wealth advisory."...

Egypt: Insurance federation cites areas of focus to promote agricultural insurance

...technology in designing and distributing insurance policies, assessing damages, and disbursing compensation quickly and efficiently. The FEIC said this in a recent newsletter....

Industry highlights this week

...technology sectors. In some groups, healthcare and eldercare subsidiaries account for more than 60% of their non-insurance businesses....

Q1 NEV premiums surge 44% as insurers accelerate into the intelligent driving era

...Technology CEO Zhang Lei believes this suggests a decline in incident frequency relative to policy growth, indicating some level of overall risk mitigation. Insurance practitioners note tha...

Executive salaries plunge across China's insurance sector

...technology-driven operations and growing demand for digital talent have diminished the premium once placed on traditional leadership roles. High salaries are gradually giving way to performance-linke...

Indonesia: Regulator looks to kickstart insurance transformation

...technology and innovation, as well as ensuring a combination of human resources and information delivery. Statistics from the OJK show that as of December 2024, a...

Redefining reinsurance: Qianhai Re's vision for China and beyond (Part 1)

...Step into the fast-changing world of China's reinsurance industry in our exclusive interview with Qianhai Re vice president Ms. Liu Hong. She shares how her company is weaving technology into every part of its operations-from underwriting to risk control-while expanding its footprint across mainland China, Hong Kong, and global markets. Gain insights into China's drive to build a world-class reinsurance hub, and discover how Qianhai Re is bridging regions and driving innovation to shape the future of reinsurance....

Ethiopia: Insurers seek govt support to drive sector's development

...technology across the insurance sector nationwide....

Prospects bright for digital health underwriting

...technology – L&H insurance a case in point, where we see many of these concepts embedded into the underwriting process.”...

China: Zhibao Technology establishes reinsurance operations

...Zhibao Technology, an InsurTech that primarily engages in providing digital insurance brokerage services, has announced the establishment of Zhibao Labuan Reinsurance Company....

Philippines: Pru Life UK targets partnerships with banks, fintechs

...technology (fintech) to access underserved markets beyond its agency model, in an interview with The STAR. While Pru Life UK has a large insurance force, it curre...

Nigeria: Regulator urges insurers to innovate and use technology for rural market growth

...Technology must be leveraged to reach the underserved in rural areas, informal sectors, and younger populations.  “...

China: World's strictest EV battery standards will be effective July 2026

...Technology represents the world’s first standard requiring batteries to prevent fire and explosion even after internal thermal runaway occurs. The most significant change in the new s...

Middle East: MGAs urged to adapt to ESG goals

...technology risks...

China's listed insurers report 2024 investment performance

...technology, consumer goods, and resources, the company plans to allocate more to AI-related investments. Furthermore, there will also be an increase in actively managed equity products from public fu...

Asia and Oceania projected to increase bite of global cyber premiums over next 5 years

...technology were the sectors most affected by cyber attacks in 2024 according to the report....

Thailand: New digital insurance JV launched

...technology and product expertise, we will be a transformative force for the Jaymart Group of businesses, accelerating their push towards digitalisation. A focus will be implementing AI in automation,...

China: Cheche Group to entrench itself deeper in NEV value chain

...Nasdaq-listed Chinese auto insurance technology platform company, Cheche Group, is now aligned with the majority of significant new-energy vehicle (NEV) manufacturers in China, according to its founder, CEO and chairman, Mr Zhang Lei....

Middle East: InsurTech CEO shares knowhow on securing policyholder data

...technology to create transparent, tamper-proof records. These ensure that they are aligned with the principles of takaful....

India: Reinsurance opportunities in a fast-growing market

Nominations are now open for the prestigious Asia Insurance Industry Awards

...Technology Initiative of the Year...

Global insurance protection gap expected to worsen through 2030, finds survey

...technology advancements. The rapid proliferation of unstructured data and the rise of AI are reshaping the industry landscape and harnessing data presents insurers with a unique opportunity to enhanc...

Australia: Government plays vital role in promoting private health insurance

...technology approval and costing, preventative service offerings, Medicare strengthening and various tax and financial incentives.”...

DeepSeek's role in China's insurance sector: efficiency gains vs risk challenges

...technology, talent, and processes could negatively impact insurers’ financial performance if results do not materialize as expected. Industry analysts note that the Chinese insurance...

China: DeepSeek helps insurers attain operational efficiencies

...technology gap with larger players. Several Chinese insurers have begun implementing DeepSeek in their operations. AM Best’s commentary, expresses optimism about the opportunities and risks pre...

Uganda: Insurers need to navigate transition to more diversified energy sector

...technology investments, strengthening reinsurance capacity to handle large-scale claims, especially in complex energy projects and enhancing public-private partnerships to support sustainable energy...

Global: Financial professionals feel less prepared than ever to tackle financial crime

...technology is primarily being used to enhance detection capabilities – to identify suspicious behaviour, for network analysis and to identify risk signals. However, only a fifth (20%) believe t...

FinTech and InsurTech partners eye new markets to replicate success in Kenya

...technology companies, and financial institutions to distribute insurance products. Turaco has insured over 3.5m people to d...

ZhongAn reports CNY603m net profit in 2024, with AI driving business innovation

...Technology" strategy. By integrating technological advancements across the insurance process, the company has improved underwriting efficiency and user experience, while promoting inclusivity, d...

Malaysia: Regulator announces appointments

...Technology Committee. Encik Aznan holds a degree in economics and accounting from the University of Bristol, UK. He is currently the chairman of the Board Audit C...

Vietnam: Capital expansion boosts optimism in Vietnam's insurance sector

...technology to attract younger, tech-savvy policyholders. PVI Insurance also made significant strides in 2024, successfully increasing its capi...

Natural resources companies run into hurdles when seeking suitable insurance

...Technology priorities are shifting: 51% rated solar as a top priority in the near and medium term. In the medium to long term, 61% prioritise battery storage solution...

Xiaomi SU7 Ultra's first-year insurance cheaper than gasoline cars

...technology is expected to drive industry transformation while enhancing consumer experience and safety standards....

54 P&C insurers report over 100% combined ratio, but losses ease

...technology, and asset allocation, not only expanded their market share but also secured solid operating profits....

Hong Kong: Prudential announces appointments

...Technology. In her new role, Ms Lee will be responsible for all legal matters and the company secretary function of Prudential, providing strategic legal advice t...

India: Prudential launches global services hub

...technology, AI and data and operations professionals in India within the next three years. The facility will focus on developing deeper skills and capabilities in data, AI, software development, auto...

GAIP unveils a slew of initiatives to promote professionalism in InsurTech

...technology leaders. This event, along with the Golden Shield Excellence Awards, will highlight cutting-edge innovations and industry best practices while facilitating high-level discussions on emergi...

Malaysia: Central bank notes encouraging interest in digital insurance and takaful DITO licences

...technology and digital advancements, insurers and takaful operators (ITOs) can address supply and demand challenges, resulting in more personalised and diverse product offerings beyond traditional se...

Insurance carrier M&A activity down in APAC

...technology considerations including cyber resilience.  ...

Kenya: Regulator urges insurers to promote microinsurance

...technology and partnerships to make insurance more accessible, affordable and relevant....

Egypt: Industry body urges insurers to work with property developers to design smart home insurance products

...The Federation of Egyptian Insurance Companies has sounded the need for insurers to cooperate with real estate developers and technology providers to create insurance products for smart homes....

HSBC Life and Gleneagles Hospital Hong Kong reveal latest advances in histotripsy treatment

...technology that enables doctors to target and destroy tumours without the need for incisions, radiation, or needles. Compared to conventional treatment methods, H...

Nigeria: Financial training centre presents "roadmap" for advancing insurance sector

...Key challenges in the Nigerian insurance market include sluggish growth, low penetration rates, and the under-utilisation of technology, according to a report launched by the Financial Institutions Training Centre (FITC)....

Proposal for AI unemployment insurance gains momentum in China

...The chairman of iFlytek, a leading Chinese voice recognition technology company, Liu Qingfeng, has called for the establishment of AI unemployment insurance to support an AI-friendly labor market and ensure social stability amid rapid technological advancements....

Ping An partners with JBA Risk Management to enhance flood risk assessment

...Ping An Insurance (Group) Company of China has entered a flood maps licensing agreement with UK-based flood scientists JBA Risk Management to support its underwriting and risk management capabilities. The move by the technology-powered financial services group reflects the increasing importance of flood risk assessment in China, amid a rise in both the frequency and severity of flood events....

Ping An enhances recruitment experience with AI

...technology to perform keyword matching and semantic analysis on resumes, accurately identifying students who meet the job requirements. These AI innovations not only reduce the workload of HR staff a...