Staff Reporter
Cyberattacks, data breaches top business risks in India: survey
Cyberattacks, data breaches top business risks in India: survey
Business interruption stands as the second-highest risk whilst talent retention challenges rank third.
Singlife launches two upgraded plans, focusing on affordability and cancer cover
The insurer is in partnership with IHH Healthcare Singapore.
S'poreans find wealth does not equate to financial resilience: Survey
Lower-income respondents (60%) better at covering short-term financial obligations than high-income counterparts (52%).
1 in 2 Singaporeans prefer using online websites to buy travel insurance
43.7% of Singaporeans travel 2-3 times annually.
NorthStandard forges partnership with AI platform for safer marine navigation
The global marine insurer will include the AI-based solution in its digital resources.
MS Amlin rebounds in 2023
The (re)insurer registered a net loss of $60m in 2022.
SG-based bolttech steps into the Middle East
It plans to explore beyond the usual insurance offerings.
APAC segment leads Canopius' premium growth with 35% increase
Canopius' APAC segment saw its contract written premiums reach $295m.
Munich Re HealthTech taps Bilal Ramadan as CEO
Ramadan succeeds Gerry Raftopoulos, who served the HealthTech arm for 28 years.
Global cyber insurance market to skyrocket by $42.81b by 2027
Surge in cyber-attacks prompts increased demand for cyber insurance to safeguard against financial and reputational risks.
HSBC Life tops Hong Kong’s insurance industry in 2023
HSBC Life’s business premium amongst the biggest market share contributors.
GenAI Set to heighten cyber risks, Lloyd’s warns
The impact on the cyber threat landscape has been limited so far due to safety mechanisms.
HDI Global makes board changes
David Hullin, a member of the board, overseas ASEAN affairs.
Life insurance sector for India remains subdued, February sparks 48.4% premiums
Year-to-date, new business premiums of Indian life insurers narrowed their decline to 0.2%.
Aon adopts AI-drive platform to amplify risk and business strategies
It plans to offer personalised data-driven insights at the portfolio, fleet, and driver levels.
South Korea joins multilateral agreement for strengthened financial regulation
The committee consists of capital market supervisors and regulators from 22 countries in the region.
Region takes lead in usage-based insurance, market to expand 26.2% CAGR
Globally, the market should see $267.4b by 2032.
Commentary
AI isn’t replacing insurance, it’s finally making it work