Southeast Asia
bolttech forms JV with Sumitomo on device protection in Asia
bolttech forms JV with Sumitomo on device protection in Asia
They expect the device protection market in the region to outpace global growth.
1 day ago
Regional disaster insurance pools sign $5.4m collaboration agreement
The grant will be used to build a joint learning network.
Southwest monsoon leaves 90% economic losses uninsured in 2024
Key sectors affected were agriculture, energy, and manufacturing.
SEADRIF, FAO partner to assess Agricultural Risk Finance Facility
Both seek to address this by improving access to data, models, and insurance.
Insurtech funding in APAC plunges to $193m in 2024
Seed-stage funding also declined 16% to $7.7m.
Allianz Partners unveils new managing director for greater SEA
He will succeed Steve Watkins, who retires after over two decades.
Lazada partnership offers embedded insurance from big insurers
This integrates insurance solutions directly into Lazada via Peak3's platform.
PH, Indonesia renew agreements to strengthen cross-border cooperation
Key initiatives include expert and staff exchanges and bilateral meetings.
Only 14% of rich people prioritise life insurance despite awareness
41% of SEA saw potential family disputes from lack of a plan as top concern.
Prudential adopts Google’s MedLM to improve claims accuracy
It will use MedLM to analyse documents submitted for health insurance claims.
Complex insurance processes alienate tech-savvy users
About a third of Asian travellers purchase insurance only days before a trip.
SEADRIF meets with the Philippines, in talks of boosting DRFI strategy
Challenges remain such as scarcity of specialist skills and market engagement.
SEADRIF Insurance taps Benedikt Signer for executive director role
He was previously with World Bank’s Disaster Risk Financing and Insurance Programme.
Over 4,000 BFSI assets wrongly exposed in SEA
About 300 internet-facing assets can be exploited.
SEA insurtech funding hits $1.8b
80% of the sector’s funding was secured in the past five years.
Southeast Asia’s insurtech sector hits $2.4b in 2023
It was mainly driven by Singlife’s merger with Aviva Singapore.
Emerging markets in Asia propel health reinsurance growth
In smaller SEA markets, reinsurers continue to support the growth of health insurance.
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He discussed how insurers can leverage GenAI, especially in building new O2O channels to stay competitive in a digital-first world.
