Digitalisation and AI can enhance insurance processes, improve service, manage risks and add value through collaboration and innovative solutions.
There is growing demand and a greater emphasis on insurance products for mental health in Asia, but it is unclear if society — and the industry — is ready to confront the issue and eliminate stigma.
Singapore Deputy PM and MAS chief Lawrence Wong says pilot will help insurers become more familiar with infrastructure investments and encourage them to allocate more of their portfolios to promising decarbonisation projects.
Insurers should take advantage of automation to leverage the data the new standard will produce, said Martyn van Wensveen, a senior management consultant at EY.
At the 2023 Global Insurance Forum, senior executives said the industry can do more for sustainability, with the chair of Zurich commenting, “We can contribute to a lot of solutions.”