Singapore
The world's fintech superstars are gathering in Singapore
The third edition of the Singapore FinTech Festival will be held on November 12 to 16.
The world's fintech superstars are gathering in Singapore
The third edition of the Singapore FinTech Festival will be held on November 12 to 16.
Asian life insurers' embedded value surged 19.2% to $480b in 2017
South Korea led the region in terms of highest EV growth.
Vibrant Asian market to buoy insurance sector's investment in technology
The growing economy bodes well for the insurance industry with the rising prominence of blockchain and AI.
Singapore's CPF retains ninth spot in world's biggest pension funds
It lagged behind South Korea's National Pension and China's National Social Security.
AIA Singapore's VNB surges 22% to $178m in H1
The value of annualised new premiums also hit $290m.
Etiqa Insurance offers home-based medical exam for foreign domestic workers
The insurer has tied up with healthtech company Doctor Anywhere.
Singapore's MediShield Life payouts hit $800m in 2017
About 200,000 Singaporeans benefited from the payouts.
Singapore's life insurance business premiums up 20% to $2.02b in H1
There was an uptake in both single and annual premium products.
Aviva SIngapore's life and health VNB surged 47% in H1
Growth was driven by the insurer’s financial advisory channel.
Here are the winners of the Insurance Asia Awards 2018
Over 250 trophies were awarded to winning banks and insurers.
Digital insurance revolution
How long did it take to sell 240,000 insurance policies online in 2017? Most insurance leaders across Asia guess “at least a few weeks.” The reality is that, in the age of digital, it only took a second. The record was set on Alibaba Tmall.com website on 11 November 2017 by Zhong An, Chinese digital-first insurer and the most successful global insurtech so far. The pace of Zhong An growth has given the much-needed wake-up call for the insurance industry.
How robotics and cognitive automation will transform the insurance industry
The use of robots to drive tangible business benefits is very much a reality today. According to Transparency Market Research, the global IT-enabled robotic process automation (RPA) market is expected to reach $5 billion by 2020. RPA is just the beginning; cognitive capabilities that enable machines to perform tasks reserved for human intelligence are now being leveraged with robotics. Robotics and cognitive automation (R&CA) is expected to foster greater collaboration between humans and machine by both automating repetitive tasks and enhancing the quality of jobs.
Breathing life into life insurance
Life insurance companies are under pressure. Their traditional business model is stagnating. Since 2014, premiums for U.S. life insurers have fallen at an average annual rate of 4%, the industry’s return on equity has been flat, and persistently low interest rates continue to depress returns.
Global CEO survey: What we're seeing in the insurance sector
One of the key findings of PwC’s 21st Global CEO Survey is that whilst insurance continues to be one of the most disrupted sectors in the global economy and insurance CEOs are extremely concerned about the pace of technology change and cyber threats, surprisingly, they are also optimistic about their organisation’s revenue growth in the next three years.
Asia at risk with cyber insurance scarcity
The region's cyber insurance take-up rate is negligible at only less than 6%.
Here are the 5 key technologies in Asian insurers' digitalisation push
They lead in investment, in-memory analytics, and cloudbased analytics solutions.
Asia still lags in insurtech amidst 169% growth in deal values
Deals in Asia-Pacific account for only 7% of the the global share.
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Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong
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The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
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Firewalls are never enough