GenAI could unlock around $2.1-3.2bn in economic value for African insurers, with opportunities across the value chain, according to an estimate by the global management consultancy McKinsey & Company.
The Executive Yuan of Taiwan has approved a draft bill that would give individuals the option to opt out from having their National Health Insurance (NHI) records used for nonmedical purposes according to a report in The Taipei Times.
Indian health insurance customers' expectations, driven by rapidly evolving digital mindset are rapidly changing according to a new survey by consumer insights firm Hansa Research.
Modern technological tools must be integrated into the insurance business in Arab markets, and operators have to exert greater efforts to deal with the challenges that emerge with the use of technology, said the General Arab Insurance Federation (GAIF) secretary-general Chakib Abouzaid.
A new integrated air, space and ground monitoring system to better detect and prevent major geological disasters has been rolled out by China.
The insurance sector in Jordan has huge potential, with active regulatory reforms that will strengthen insurers' performance, especially when backed by technological developments, which will open the door for the country to become a regional hub, the governor of the Central Bank of Jordan said.
Online health insurer Bowtie Life has developed Hong Kong's first fully online medical underwriting system, designed to instantly evaluate applicants' health conditions, according to co-founder and co-CEO Fred Ngan.
This new company, yet to be named, will provide critical underwriting capabilities, underpinned by cutting-edge AI technologies, to help accelerate growth of the insurance and capital market ecosystem in the Gulf region and support the continued evolution of regional capital markets.
Insurers should deploy automation and Gen AI to compensate for expertise shortages and to drive efficiencies as populations age and mobility patterns shift in Asia and globally, according to the "2025 World Property and Casualty Insurance Report" by Capgemini Research Institute.
Zhibao Technology Inc (ZBAO), a Nasdaq-listed company, recently released its financial data for the first half of the 2025 fiscal year, showcasing its growth. The company's operating revenue for the period reached CNY146.4m ($20.14m), marking a 74% year-on-year increase. Operating profit also surged by CNY12.18m.