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Insurtechs spotlight significance of esg data and health innovations for carriers rein asia

Emerging risks | Growth Opportunities | APAC Insurance

Insurtechs spotlight significance of esg data and health innovations for carriers rein asia
Monday, July 13, 2026

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Fraud
us-insurers-sue-china-construction-bank-for-us13m-over-vesttoo-loc-fraud
Buckle, Gateway insurance sue China Construction Bank for US$13m over Vesttoo LOC fraud
May 29 2026
The latest claim adds to multiple similar actions against China Construction Bank Corporation, with estimated exposure of around US$2.81bn.
south-koreas-fss-refunds-krw1-36bn-in-auto-insurance-fraud-surcharges-to-2289-victims
South Korea’s FSS refunds KRW1.36bn in auto insurance fraud surcharges to 2,289 victims
April 22 2026
The FSS says it will also transfer long-term unclaimed surcharges to the Korea Inclusive Finance Agency from May 2026.
south-koreas-major-non-life-insurers-break-1-trillion-won-in-overseas-premiums-for-2023-report
General Insurance Association of Korea, criminology institute join forces to combat rising insurance fraud
January 9 2026
The collaboration aims to curb social costs, protect policyholders, and strengthen the stability and fairness of Korea’s insurance system.
ica-shift-technology-exl-collaborate-on-ai-driven-fraud-detection-platform
ICA to partner with Shift Technology, EXL on industry fraud detection platform
November 24 2025
The new platform will enable Australian insurers to share data and detect fraudulent claims in real time, with an initial focus on motor insurance.
indonesias-telkomsel-partners-with-igloo-to-offer-embedded-cybersecurity-gadget-cover-to-150m-users
Igloo partners with Indonesia’s Telkomsel to offer embedded cybersecurity, gadget cover to 150m users
September 23 2025
With the roll out, prepaid users can gain access to low-cost cyber, gadget, travel and phone screen cover via the MyTelkomsel app.
former-china-construction-bank-manager-charged-with-bribery-linked-to-vesttoo-related-fraud
Vesttoo creditors sue Aon, China Construction Bank
August 15 2025
The lawsuit claims Aon and CCB enabled the creation of fake LOCs that triggered Vesttoo’s bankruptcy and widespread insurance sector losses.
ai-driven-fraud-surge-tests-apac-insurers
Surge in AI-driven fraud tests APAC insurers
May 8 2025
Rising sophistication and volume of AI-driven claim submissions puts upward pressure on costs and premiums.
china-launches-new-system-to-report-medical-insurance-fraud
China launches new system to report medical insurance fraud
April 8 2025
NHSA introduces WeChat-based reporting for medical insurance fraud with rewards for valid leads.
south-korea-identifies-krw1-15-trillion-in-insurance-fraud-cases-in-2024
South Korea identifies US$790m in insurance fraud cases in 2024
March 11 2025
The FSS plans stricter oversight, awareness campaigns, and collaboration with authorities to combat evolving fraud schemes.
koreas-fss-uncovers-broker-led-insurance-fraud-ring
Korean regulator unearths broker-led insurance fraud ring
May 30 2024
Korean regulator and police uncover a 2.1bn won (US$1.5m) fraud operation involving brokers, hospitals, and fake patients.
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