Despite advances in safety measures and culture, a repeat of the earthquake would cause economic loss of US$331bn and insurance losses around US$140bn, according to Moody's RMS and Swiss Re.
The Hong Kong Monetary Authority has announced it will expand its Fintech 2025 plan beyond banking to include insurance, wealth management, and capital markets.
The Indonesian insurtech said that the lays offs were made following a post-funding assessment, citing the need to improve internal synergies for better future sustainability.
