Insurance Fraud
MAS crackdown exposes dishonesty amongst ex-agents
These agents were representatives of Prudential and Manulife.
MAS crackdown exposes dishonesty amongst ex-agents
These agents were representatives of Prudential and Manulife.
Hong Kong Insurance Authority warns public of bogus calls
The callers are pretending to be staff from the IA to gain private information.
MAS charges insurance agents for breach of Financial Advisers Act
Their offences included falsification and providing false information.
FSS to take tougher measures on screening of suspicious insurance cases
The South Korean regulator said this is to reduce fraud in the industry.
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1. India's life insurance growth slows to 10.6% in October 2. South Korean insurers brace for profit squeeze amidst rate cuts 3. bolttech secures $50m venture debt from HSBC, expands market 4. Life insurance premiums forecast to grow by 3% yearly until 2026 5. Prudential launches AI lab in SingaporeResource Center
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Humans need to be in insurance’s genAI loop
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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.
