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Is BSP’s cyber resilience plan the key to protecting finance in 2025?
The central bank plans to mainstream cybersecurity in schools to close the skills gap.
Is BSP’s cyber resilience plan the key to protecting finance in 2025?
The central bank plans to mainstream cybersecurity in schools to close the skills gap.
What two challenges impede the finance sector’s ESG goals?
Industry experts agreed that the sector must aim for objectives that extend beyond immediate business interests.
Large cyber claims jump 14% as privacy breaches worsen in 2024
Costs could skyrocket from €20,000 to €20m if left unchecked.
Lloyd’s projects $14.5t loss from hypothetical global conflict
The scenario highlights the vulnerability of global trade.
New HSBC plan multiplies coverage up to six times
The plan also offers enhanced critical illness coverage.
MoneyHero, bolttech new car insurance platform to expand in two markets
MoneyHero’s insurance segment accounts for 7% of total revenue in 2023.
Indonesia's insurers battle rising non-performing loans
Its first quarter performance showed promise.
Insurance cover rises, yet a quarter of Australians still unprepared
More than one-third of respondents had a storm action plan in place.
Will low premiums persist in offshore energy insurance?
Neither frequency nor severity of claims significantly impacted market capacity.
Taiwan insurers post $9.47b pre-tax profit in August
Its non-life insurance segment witnessed a twofold increase.
Insurance scrutiny intensifies on coal, wildfire risks
However, power Industry business interruption sectors see improved pricing.
New Beazley Quantum targets corporations with over $1b turnover
This initiative injects $100m in fresh capacity into the cyber insurance market.
FWD, Roche partnership targets early diagnostics
The partnership will run for three years.
Allianz Life sets sights on doubling business with Kingmaker training
It also offers 24-month financial support of $2,809.
Hong Kong Fintech Week 2024 kicks off on 28 October
InvestHK expects to draw about 30,000 attendees from 100 economies across the globe.
Singlife, SAL launch mental health scheme for lawyers
The programme will be offered to more than 13,000 legal professionals.
HSBC appoints William Chan as investment head for global insurance
He leads a team of investment specialists in Hong Kong.
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1. Singapore’s life insurance slated for $43b premiums in 2029 2. Aon to acquire Mitsubishi Chemical Group’s insurance agency 3. APAC emerges as leader in renewables insurance 4. MAS updates rules on life insurance product launches 5. Rising healthcare costs drive growth in Indian insurance: McKinseyResource 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.
