Insurers need to balance hyper-personalisation against the risk of fragmenting risk pools into statistically unreliable segments, industry experts say.
Commissioner Alan Kirkland said insurers "still have more work to do" to strengthen oversight of independent experts and improve their claims handling processes.
Advanced analytics and data abundance have transformed insurance pricing from basic portfolio management into a strategic cornerstone across value chains.
Anshin Life’s latest coinsurance agreement follows asset-intensive reinsurance deals it announced with Pacific Life Re and Resolution Life in late May.
