While AI can transform how insurers serve customers, it should never be used just for the sake of it, bolttech CEO APAC Philip Weiner says.
The Insurance Regulatory Authority (IRA) has issued a guidance note on cyber security for the insurance industry, pointing to heightened exposure to cybersecurity threats and data breaches as the insurance sector in Kenya undergoes rapid digital transformation.
There is no doubt that artificial intelligence is taking the world by storm and disrupting markets. Insurers are increasingly tapping into its potential across the value chain to boost operational efficiency and customer experience. But AI's remarkable efficiency has come with equally substantial energy usage. Can insurers harness AI's potential to make efficiency gains powerful enough to match the energy demands of the technology?
Insurance coverage should be made mandatory by law for robot users, covering all types of damages that may arise from their use, according to an academic.
The Insurers Federation of Egypt (IFE) has revealed that it is considering issuing new types of insurance policies, including pay-as-you-drive (PAYD) insurance and smart car insurance.
On June 26, ZhongAn Online, China's first internet-based insurer, announced plans for a share placement to raise approximately HK$3.9bn ($500m), pricing the shares at HK$18.25 each.
Tencent and Taikang Insurance Group have signed a new comprehensive strategic cooperation agreement to further advance digital transformation in insurance and healthcare services. According to local media reports, the agreement was formalised on June 27 at Shenzhen Qianhai Taikang Hospital.
The Insurance and Social Security Supervisory Authority (ACAPS) has launched a tender exercise inviting bids for conducting a study on the methods of monitoring and using artificial intelligence (AI) and new technologies in the insurance sector. The tender exercise was launched on 23 June 2025.
As the adoption of artificial intelligence (AI) systems accelerates globally, the International Association of Insurance Supervisors (IAIS) released on 2 July the final version of an application paper on supervision in this field to support the insurance industry. The association says in the paper that no new standards are proposed at this stage.
Only about one fourth (26%) of executives surveyed in Singapore consider cyber risk as their greatest threat, however, 87% believe they are prepared to counter the cyber risks, indicating a false sense of security according to a new report by specialist insurer Beazley.