Indonesia
Willis Towers Watson names new Indonesia business head
He will also head the corporate risk and brokerage.
Willis Towers Watson names new Indonesia business head
He will also head the corporate risk and brokerage.
Indonesian credit insurers to face increased claims: Fitch
Despite this, they are still expected to comply with regulatory requirements for capitalisation.
Rey Assurance boosts cashless claims with AXA partnership
Rey will work with AXA to remove friction from its cashless claims platform.
Cracked phone screen? Indonesian e-wallet DANA has insurance for that
Users can get coverage for as low as Rp500.
Weaker economic recovery to mute Indonesia’s non-life insurance demand
AM Best predicts a negative outlook for the country’s non-life segment.
Indonesian e-wallet OVO unveils motorcycle insurance for users
It is the first e-wallet in Indonesia to offer motorcycle insurance with monthly premiums.
Indonesian life insurance customers drop 4.7% in Q1 2021
The decline was observed in group insurance.
Indonesia's IFG Life seeks more funds amidst Jiwasraya takeover
Extra funds will come from fundraising or new capital injections.
Indonesia's Tugure eyeing overseas expansion
The move will play a role in its vision to become a regional insurer by 2024, it said.
ZA Tech, PFI Mega Life to drive digitisation of Indonesian insurers
The two firms will cocreate products and digital solution.
Q4 2020 brings prosperity to Indonesian life insurers
Revenue surged 81.7% to $6.4b amidst economic improvements.
Indonesian takaful market gaining ground despite low penetration
The low market share is driven partly by the still-nascent Islamic finance ecosystem.
GWP of Indonesian general insurers to hit $5.17b in 2025
The sector is expected to recover 2.9% in 2021.
Indonesia floats unit-linked certification service for general insurers
The Financial Services Authority is preparing regulations for unit-linked investment products.
Generali Indonesia partners with Munich Re to boost underwriting processes
The latter's cloud-based platform will also help streamline risk assessment.
Indonesia mulls closing state life insurer Asuransi Jiwasraya
Policies will be restructured and then turned over to a new company.
FWD to invest in Indonesia's BRI Life
Existing BRI Life customers will not be affected by the investment.
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1. India's life insurance growth slows to 10.6% in October 2. South Korean insurers brace for profit squeeze amidst rate cuts 3. bolttech secures $50m venture debt from HSBC, expands market 4. Life insurance premiums forecast to grow by 3% yearly until 2026 5. Prudential launches AI lab in SingaporeResource Center
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Humans need to be in insurance’s genAI loop
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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.
