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Emerging risks | Growth Opportunities | APAC Insurance

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Monday, August 3, 2026

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AI

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SBI Life, IIT Bombay to build AI & cyber defence hub for insurance
July 6 2026
The hub will prioritise safeguarding customer data as rapid digitisation creates an influx of sensitive user information.
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Insurers compete on execution over strategy as AI-powered challengers catch up
July 3 2026
Executives at ITC Asia in Singapore said product cycles of 12 to 18 months are becoming unviable as challengers close capability gaps in months.
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The AI transformation is reaching its limit, insurance executives warn at ITC Asia
July 2 2026
AI progress in insurance is being slowed less by the technology itself than by legacy systems, unresolved accountability questions and procurement cycles that can't keep pace, executives warned
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APAC insurers see AI efficiency gains, but ROI remains hard to prove
July 1 2026
AI’s payback period may be longer than expected, as costs, timelines and benefits remain difficult to separate and quantify, industry experts said at ITC Asia.
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China’s NFRA sets tighter AI rules for insurers, banks
June 29 2026
High-risk uses, including underwriting and claims, will face stricter oversight, human review and privacy safeguards.
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Insurtech Federato expands into APAC, appoints Roland Slee to lead regional operations
June 25 2026
The company is entering the market with its AI-native insurance platform, which is used by Fortune 100 insurers in the U.S.
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BMS opens Mumbai capability centre to scale data, analytics and AI capabilities
June 24 2026
The new Global Capability Centre is being led by Nipun Mapara as managing director, with Sanjeev Poojari serving as head of operations.
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IRDAI to develop AI governance framework through industry working group
June 22 2026
The regulator seeks to establish guardrails for the growing use of AI in the sector.
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Hong Kong insurers deepen AI push as regulator adds three to cohort programme
June 16 2026
The AI Cohort Symposium 2026 saw first-batch participants report gains across underwriting, claims and customer service, while newcomers Manulife, BOC Life and China Life unveiled new plans.
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Gallagher Re warns restricted AI models could force insurers to price “uncertainty” in cyber, AI risk
June 11 2026
Limited access to frontier models like Anthropic's Mythos may leave underwriters relying on proxies rather than direct testing, the reinsurer said.
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