Insurers will need to adopt AI, geospatial tools and specialist partnerships as conventional underwriting models struggle to keep pace with fast-evolving risks, says Japan's NTT Data.
QBE’s survey finds that nearly half of Hong Kong construction firms lack cyber cover, with supply chain attacks in Hong Kong and Singapore outpacing the global average.
The tie-up will also include community education and outreach aimed at improving understanding of Takaful and boosting financial literacy among underserved groups.
Climate risks and rising costs are widening protection gaps across Asia's insurance market, driving companies to captives and self-insurance and posing a challenge for insurers.
