EY

40% of Gen Z are worried about making poor financial choices.

The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.

38% of APAC insurers are implementing AI tools, higher than the global average of 22%.

The expert said the life and health insurance and retirement industries will witness transformative changes in the coming years.

Thanks to these threats, 54% of insurers had an ROE below their cost of equity.