Frances Gagua
Prudential adopts Google’s MedLM to improve claims accuracy
Prudential adopts Google’s MedLM to improve claims accuracy
It will use MedLM to analyse documents submitted for health insurance claims.
HSBC Life HK nabs ex-Zurich APAC CEO for chief product and in-force officer
Geoffrey Au spent 10 years with Zurich Insurance Group APAC.
Insurtech Igloo officially launches in Indonesia
Indonesians can now compare insurance products of different insurers.
ASIC files case against QBE Insurance for alleged ‘misleading’ discounts
Loyal customers were promised discounts but reportedly did not receive them.
Prudential Hong Kong fast-tracks billing services in 2 Chinese hospitals
Patients can apply for pre-approval of medical expenses.
FWD appoints CEOs for Malaysia insurance, takaful businesses
Mak See Sen and Aman Chowla will take over their CEO roles in November.
Pandemic, competitive rates drive NRI’s term insurance adoption
NRIs in high-income nations seek higher sums.
Malaysia’s Public Bank to buy all shares of general insurer LPI Capital
It will first buy a 44.15% equity interest in the insurer for RM1.72b.
Hong Kong Fintech Week 2024 kicks off on 28 October
InvestHK expects to draw about 30,000 attendees from 100 economies across the globe.
HSBC appoints William Chan as investment head for global insurance
He leads a team of investment specialists in Hong Kong.
Flood impact on Thai insurers ‘manageable’— S&P
The floods have caused Thai banks $13m in losses, the ratings agency said.
Manulife IM appoints Calvin Lim as alternatives investment specialist
Lim was part of the private markets & alternatives team at Bank of Singapore.
AIA SG expands mental health coverage for corporate insurance policies
Over 1.3 million employees are expected to benefit from the expanded policies.
Central bank names Dang Duy Cuong as director of Deposit Insurance of Vietnam
Dang is currently the deputy director general of SBV’s human resource department.
Great Eastern names HSBC banker as new group CEO
Greg Hingston will take the helm once Khor Hock Seng retires on 31 Oct 2024.
MAS revokes insurance broker license of Acesynergy Brokers
ABPL failed to comply with regulatory requirements.
Sun Life Singapore enhances whole life insurance solution for wealthy Asians
Main benefits include death benefit options and extended expiry age.
Commentary
AI isn’t replacing insurance, it’s finally making it work