Artificial Intelligence
4 in 5 insurers plan to increase AI investment over next year
4 in 5 insurers plan to increase AI investment over next year
36% of respondents are also prioritising efforts to build trust.
4 hours ago
Philippine banks and insurers called to pursue human-centred AI adoption
AI adoption should be centered on financial inclusion, customer experience, and personalisation.
2 days ago
Manulife’s AI-investments to deliver threefold ROI by 2027
The company realised over $600m in benefits in digitalisation efforts last year.
6 days ago
Ping An integrates AI, big data roles in latest recruitment
The AI aims to assist in job matching, interviews, and salary negotiations.
WTW launches AI tool radar vision for insurers
It aims to improve underwriting profitability and reduce costs.
Insurers shift from traditional to real-time risk analysis
Thanks to increased AI-adoption, threats are also rising with phishing attacks up 135% in 2 months.
A fourth of the insurance industry lacks AI-experienced talent
Other concerns include a lack of customer understanding.
APAC insurers wary of geopolitical instability in next two years
Cyber threats, on the other hand, are a moderate to severe risk.
Chinese consumers most receptive to AI-driven premiums
Australians were the least receptive.
8 in 10 insurers plan to increase tech investment this year
36% of insurers prioritise AI and machine learning.
Insurers in ANZ leverage AI amidst tightening margin
Due to inflation, extreme weather events, and evolving consumer expectations.
Australia’s life insurers top global data readiness
Worldwide, data readiness was the primary obstacle to maximising AI.
Kotak Life launches AI-powered HR assistant
Its chief human resources said it aims to modernise HR services.
How can insurers seize opportunities amidst heightened volatility?
Key strategies include diversification and setting up rigorous capital models.
D&O market faces risks due to insolvencies, AI, geopolitics
Securities class actions have risen by 43% year-on-year in Australia.
Suncorp partner with Duck Creek Technologies to digitalise operations
It aims to replace multiple on-premises legacy systems.
Australian council backs tech-neutral consumer laws for AI
The council also urged the government to avoid regulatory duplication between the ACL and existing financial legislation.
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1. Singapore moms juggle family tasks and money matters 2. Philippine banks and insurers called to pursue human-centred AI adoption 3. Aon acquires Mitsubishi Chemical's insurance agency business 4. Singapore life annuity insurance market to grow by $603m by 2028 5. PH banks and insurers face MSME credit gap, AI fraud, climate riskResource Center
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