The Shenzhen Municipal Financial Regulatory Bureau has proposed an action plan for the insurance industry to support technological innovation and industrial development.
More than nine in 10 (93%) of APAC insurers admit that legacy technology constrains their business growth, even as 87% claim digital leadership over competitors, according to new research by investment management platform Clearwater Analytics.
The real challenge for insurers adopting AI does not lie in the availability of technology, but rather in the lack of expertise and institutional capabilities capable of operating and managing the technology, according to the Insurers' Federation of Egypti (IFE).
Economic losses from natural disasters in APAC last year totalled at least $76bn, which is 41% below the 21st-century average, according to a new report by Aon.
The results of a survey, in which about 100 insurance experts in the Egyptian market identified prospects, opportunities and challenges in the insurance industry in 2026, show that they predict moderate to strong premium growth for the year.
The Turkish insurance sector has shifted its focus to domestic and national technology initiatives in its digital transformation journey.
A new report has said that without action, global warming is now likely to reach 2°C before 2050. This is a level associated with catastrophic impacts on societies and economies worldwide, with major disruption to water and food systems, migration, and human health.
OnRe, a global property and specialty reinsurer tokenised with ONyc, has announced a strategic partnership with Rhodium Re, a Dubai-based managing general agent (MGA), to expand global underwriting distribution for ONyc.
The acceleration in technological advancement, especially in artificial intelligence and image and sound processing, has led to increasing digital challenges, most notably the phenomenon of deepfakes, according to the Insurers Federation of Egypt (IFE).
French global reinsurer SCOR has joined a consortium of more than 10 leading (re)insurers to back a groundbreaking, aggregated global insurance facility for AI and data centre infrastructure.