The disasters encompassed diverse events, including an avalanche in Nyingchi, Tibet, heavy rains in Henan Province affecting the harvest, and Typhoon Doksuri leading to catastrophic floods in the Hai River...
The solution will use TPIsoftware's InsureBrick framework to build a customised system aimed at enhancing the P&C insurer's efficiency, flexibility, and customer service.
China's insurers saw its investment portfolio grow by over 10% last year, however insurers are grappling with dwindling yields, limited investment options, and negative spreads due to declining interest...
Despite observations of potential risks, China Life Insurance's robust performance and substantial government support earn it a continued A+ rating from Fitch.
With a global economic deceleration looming, Allianz Trade sees India as a key propeller for growth — driven by rising middle class, consumer spending, and buoyant IT exports.
Digitalisation and government intervention are revolutionising the crop insurance markets in China and India, and the approach offers a model to help Southeast Asia bridge their agricultural protection...
AM Best continues to project a negative outlook for Indonesia's non-life insurance sector, citing increased reinsurance credit risk and pressure on underwriting margins as key factors.
The round brings total funding for the insurtech to nearly US$40m, as it aims to scale its SME-focused, subscription-based healthcare insurance offering.
