Life and Health

singlife-teams-up-with-microsoft-to-encourage-and-develop-ai-use-by-asean-tech-startups

Singlife & Microsoft partner to promote AI adoption among ASEAN insurtech startups

July 7 2023

The Singlife Connect Plus programme seeks to provide legal and compliance assistance, mentorship, and access to their products and services to eight startups.

generali-expands-global-reach-and-strengthens-asian-presence-with-acquisition-of-asset-manager-from-taiwans-cathay-life

Generali to expand global reach and strengthen Asia presence with acquisition of Conning

July 7 2023

The acquisition of the asset manager from Cathay Life is subject to regulatory approvals, but is expected to be completed in the first half of 2024.

chubb-life-nz-earns-outstanding-ratings-reinforces-position-in-new-zealand-insurance-market

Chubb Life NZ earns excellent ratings, reinforces position in New Zealand's insurance market

July 7 2023

Despite some challenges in 2021 and 2022, AM Best awarded Chubb Life NZ's ratings thanks to factors including its diversified distribution approach and prudent underwriting management.

iags-completes-renewals-with-global-reinsurers-after-finalising-5-year-deal-with-hannover-re

IAG completes renewals with global reinsurers after finalising 5-year deal with Hannover Re

July 7 2023

The Australian insurer renewed its 2.5% whole-of-account quota share arrangement with Hannover Re, marking the completion of all four of its reinsurance arrangements with global reinsurers.

OneDegree secures venture debt financing from HSBC

July 7 2023

Alvin Kwock, Co-Founder, said that the capital will provide flexible ways to support business growth on OneDegree's path to profitability.

Tokio Marine Holdings enhances insurtech partnerships with new intelligence platform

July 6 2023

The platform, developed in collaboration with the UK's Tällt Ventures, will help to identify potential business partners for the Japanese insurer.

hong-kong-legco-passes-bill-which-provides-legislative-framework-for-risk-based-capital-regime

Hong Kong LegCo passes bill which establishes framework for Risk-Based Capital regime

July 6 2023

2024 is the target for implementation of the RBC framework, which will replace the existing rule-based capital adequacy regime.

proprietary-or-open-source-on-ai-thats-a-key-question

Proprietary or open-source? A key question on AI

July 6 2023

At the Digital Insurance Conference APAC 2023, insurers weighed in on the role of AI in the industry.

IAG staff raised doubts about algorithm six years prior to board hearing: Report

July 6 2023

A flaw of the algorithm led to IAG being hit with a landmark AU$40m (US$26.6m) penalty last week.

Indonesia insurtech Futuready shuts down

July 6 2023

Tech in Asia were the first to report that the online broker had ceased operations, which a note on Futuready's landing page confirms.

Peuli Das joins Future Generali India Life Insurance as Chief Insurance Officer

July 5 2023

Das was recognised as one of India's Top Women in Finance in 2020 and joins from Accenture where she was Managing Director.

australian-insurance-brokers-penalized-au13-5m-us9m-for-unconscionable-conduct-and-financial-services-law-violations

Australian insurance brokers penalised AU$13.5m (US$9m) for unconscionable conduct and financial services law violations

July 5 2023

Select, BlueInc and IMS sold insurances issued by St Andrew’s Life Insurance.

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