insurance
1 in 5 Australians switch home insurance to save costs
Alarmingly, 3% downgraded or dropped their policy completely.
1 in 5 Australians switch home insurance to save costs
Alarmingly, 3% downgraded or dropped their policy completely.
AIA S’pore taps new tech lead
Afees Ashroff has more than two decades of experience in banking and insurance.
FWD Group maintains MDRT top 10 streak
FWD Group now has 2,089 MDRT members.
Insurance agent barred for misappropriating funds
He allowed premiums totalling $4,623 to be deposited into his bank.
Ant Insurance’s partners see $1.93b in claims
On a year-on-year basis, this was up 30%.
Steadfast Group bags 17th spot in AM Best’s list
The broker was first of three newcomers in the ranking.
Sompo appoints new consumer lines leader for APAC
He has an 18-year experience in the industry.
APAC leads in automotive usage-based insurance market growth
The global market, valued at $58b in 2023, is set to expand to $249b by 2032.
IndiaFirst Life appoints new leaders for expansion
Both are president & chief distribution officer for two different divisions.
Chubb reels in new APAC lead, other leadership
He will be relocating from Miami to Singapore.
Zhonglu Insurance holds strong solvency, faces growth risks
Whilst net earnings improved to $1.7m, sustainability is uncertain amidst non-motor expansion.
Insurance software market to climb 7.8% CAGR by 2028
Australia’s heightened rules pose challenges to insurer requirements.
Crop insurance dwindles in FY 2024, top 4 insurance cut exposure
Gross direct premium underwritten by insurers fell 4.2%.
Australia outlines financial advice and insurance cost recover
Investigated unlicensed activity costs are fairly recovered from relevant sub-sectors.
Toa Reinsurance grows net income by sixfold in FY 2023
Its net written premiums, on the other hand, dwindled 12.5%.
+8 Partners welcomes new advisor for financial strategy
He brings over 20 years of int’l and corporate finance experience.
Gallagher, Tohoku University boost tsunami risk research
The 2011 Tohoku quake and tsunami caused $100b in economic damage.
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1. bolttech secures $50m venture debt from HSBC, expands market 2. Prudential launches AI lab in Singapore 3. Life insurance premiums forecast to grow by 3% yearly until 2026 4. Manulife enters into $5.4b reinsurance agreement with Reinsurance Group of America 5. APAC emerges as leader in renewables insuranceResource 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.
