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Inside Ant Insurance’s strategy to digitise claims with foundational AI

August 2 2024

Ant Group is leveraging technology and vast Alipay user base to streamline claims and attract new demographics for carriers in China.

korean-life-and-non-life-insurers-struggle-to-finalise-mampa-deals

High valuations stall insurance industry M&A in Korea

August 2 2024

The country’s life and non-life M&A market continues to stagnate despite broader economic deal-making activity.

Ayman Kandil appointed President and CEO of AXA Philippines

August 1 2024

Kandil brings over 25 years of insurance industry experience to his new role, which he will commence in October.

Insurers have settled 96% of Auckland Anniversary and Cyclone Gabrielle claims: ICNZ

August 1 2024

Approximately 96% of total claims and 85% of claims value have been paid out from New Zealand's 2023 twin catastrophes.

few-reinsurers-willing-to-underwrite-asia-pac-cyber-risk

Reinsurers' reluctance to underwrite Asia Pac cyber risk is limiting market growth

August 1 2024

Few global reinsurers ‘willing’ to underwrite Asia Pac cyber risk, says Greg Carter of AM Best.

h1-2024-nat-cat-losses-exceed-five-ten-and-thirty-year-averages-munich-re

US$67bn in H1 nat cat losses significantly higher than ten-year average: Munich Re

July 31 2024

Japan's Noto Peninsula earthquake was costliest nat cat globally, while a landslide in PNG resulted in the largest loss of life.

Hong Kong Insurance Authority to introduce fees for intermediary licence applications

July 31 2024

Application fees set to begin following the end of an initial five-year waiver period.

Suncorp transitions to dedicated trans-tasman insurer following completion of bank sale

July 31 2024

The AU$4.9bn (US$3.2bn) sale to ANZ means the group can deliver greater value to its customers and shareholders, said Group CEO Steven Johnston.

Accounting challenge for Japanese insurers from a ‘disorderly’ JGB yield rise

July 31 2024

The use of a mixture of market and book values for Japan’s current accounting and solvency regulatory regimes could put short terms strain on insurers’ balance sheets.

guy-carpenter-estimates-5-to-10-rise-in-global-property-cat-limit-purchases-in-h1-2024

Guy Carpenter estimates US$35bn-US$40bn rise in global property cat limit purchases for H1

July 31 2024

Rising exposures, inflation, and recovering reinsurance profitability drives 5% to 10% increase in property cat capacity purchased.

Zurich Australia receives 'Employer of Choice' citation for gender equality

July 30 2024

Insurer awarded citation by the Australian Government Workplace Gender Equality Agency.

sedgwick-launches-energy-claims-solutions-for-asia-alongside-two-senior-hires

Sedgwick launches solutions for Asia Pacific energy sector, announces key hires

July 30 2024

Neil Best and Liew Boon Tat join Sedgwick to help provide adjusting and claims solutions for the energy and natural resources sector in APAC.

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