Moody's stable outlook for China's P&C insurance sector reflects an industry where underwriting discipline is gaining ground, amid growing asset risk and accelerating market concentration.
Whitepaper finds there has been a tenfold surge in AI lawsuits and notes that traditional insurance often fails to cover key risks from AI errors, hallucinations, and systemic faults.
Nadeem Mokashi appointed head of claims, Jyoti Krishnan as head of liability & specialty, Mayank Sharma as national head of liability and Sunny Goel as strategic business leader.
It has been 25 years since the last major national review of liability laws, with the Insurance Council of Australia calling the case for reform “overwhelming.”
