Deloitte
Deloitte provides industry-leading audit and assurance, tax and legal, consulting, financial advisory, and risk advisory services to nearly 90% of the Fortune Global 500® and thousands of private companies. Our more than 345,000 professionals deliver measurable and lasting results that help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society and a sustainable world.
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Deloitte Southeast Asia’s Lim Siang Thnia highlights need for insurers to evolve to mitigate risks, maximise growth
As the operating environment changes, insurers should focus on creating a work environment focussing on innovation and digital expertise.
Deloitte Southeast Asia’s Lim Siang Thnia highlights need for insurers to evolve to mitigate risks, maximise growth
As the operating environment changes, insurers should focus on creating a work environment focussing on innovation and digital expertise.
Customised offerings and AI solutions drive growth and customer satisfaction, Deloitte executive stresses
Deloitte executive Lim Siang Thnia highlights the opportunities that insurers can get from new technologies such as generative AI and the metaverse.
Top three things killing the insurance industry
Thanks to these threats, 54% of insurers had an ROE below their cost of equity.
Given the fast-changing market dynamics and regulations, risk chiefs need to step up their game to remain competitive
The need for a risk self-assessment is urgent, says Deloitte’s Wayne Savage.
Moving towards a “higher bottom line” in the insurance sector in Southeast Asia
Insurers in Southeast Asia are bullish about their growth prospects for 2022, despite lingering concerns about the potential impact of COVID-19 variants on overall business recovery and return-to-workplace strategies. But beyond ongoing efforts to adapt to the pandemic’s aftermath, insurance leaders are also confronted with multiple fundamental hurdles that could potentially derail their progress.
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1. Allianz-Income merger in limbo as parties weigh new rules 2. India's life insurance growth slows to 10.6% in October 3. South Korean insurers brace for profit squeeze amidst rate cuts 4. bolttech secures $50m venture debt from HSBC, expands market 5. Life insurance premiums forecast to grow by 3% yearly until 2026Resource Center
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Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
