China's property insurance market is poised for a five-year expansion, with Hong Kong's Wang Fuk Court fire sharpening focus on the home insurance protection gap that insurers are racing to close.
Bajaj General Insurance deepens its distribution reach into rural and semi-urban India through a tie-up with Vakrangee, amid low market penetration flagged by Economic Survey.
Appointments of Hongjuan Liu and Mark Czajkowski follow Manulife’s recent re-domiciliation and ongoing investment in AI and data initiatives in the region.
Group’s record 2025 results set the stage for a pivotal year ahead, as the pan-Asian life insurer bets on AI, expansion across China’s provinces, and deepening wealth partnerships.
The claimant allegedly relied on ChatGPT-generated legal guidance and filings, forcing the insurer to incur significant legal costs despite a previous settlement agreement.
Through generative AI, the system aims to streamline policy reviews, reinforce existing controls, and support consistency across multinational and captive programmes.
Willis has named Michelle Ng as head of risk and analytics for the Pacific region, the global broker announced on Monday. She succeeded Matt Frost, who has left the company.
Ng joins Willis after six...
