Underwriting/Actuarial

AI tools are streamlining claims and boosting profitability says President of Tokio Marine Newa

September 27 2024

The Taiwanese insurer has utilised AI and data analytics to transform underwriting and claims processing in Taiwan’s highly competitive insurance market.

tokio-marine-to-offer-per-hour-car-insurance-for-ride-hailing-operators-report

Tokio Marine to offer hourly car insurance for ride-hailing operators: Report

September 18 2024

The new product is set to launch in January and will be the first of its kind in Japan.

two-years-on-key-points-of-discussion-remain-for-australian-cyclone-reinsurance-pool

Two years on, key points of discussion remain for Australia's Cyclone Reinsurance Pool

September 6 2024

Pool achieves broad coverage, but debate about coverage periods, loss types continue, and exact consumer savings are hard to quantify, says Finity.

Australia's Actuaries Institute elects Maathu Ranjan as 2025 Vice President, paving way for 2027 Presidency

September 5 2024

Ranjan's election underscores her commitment to evidence-based policy and multi-disciplinary collaboration, the Institute said.

updated-australian-rainfall-anp-runoff-guidelines-forces-flood-risk-rethink

Updated Australian Rainfall & Runoff guidelines forces flood risk rethink

September 3 2024

Experts agree the new guidelines are overdue and crucial for adjusting flood data to account for the impacts of climate change.

australian-flood-estimation-guidelines-revised-to-reflect-climate-change

Australian flood estimation guidelines revised to better account for climate change

August 29 2024

Updated Australian Rainfall & Runoff guidelines say unadjusted historical observations are no longer suitable for flood estimations.

Data-driven decision-making key to sustain profitable growth in insurance industry: Aon

August 29 2024

Aon's analysis of 100 global (re)insurers suggest there are common traits among high performers, including advanced data analytics capabilities.

General insurers warned that unqualified expert opinions are being used in claims decisions

August 28 2024

Australia's Code Governance Committee report says it reveals "a landscape where external experts provide opinion outside the scope of their expertise, potentially leading to poor claims decisions, disputes...

korean-insurers-reviewing-ev-policies-and-premiums-amid-fire-incidents

Korean insurers reviewing EV policies and premiums: Report

August 26 2024

Korean insurers likely to raise rates, amid general EV growth and recent high-profile incidents.

msig-singapore-and-embed-global-deploy-whatsapp-chatbot-to-automate-sme-insurance-quotations

MSIG Singapore and Embed Global deploy WhatsApp chatbot to automate SME quotes

August 21 2024

Businesses partner to develop chatbot solution which connects with the carrier's underwriting model and uses AI to provide instant quotes.

hiscox-partners-with-google-cloud-for-new-generative-ai-enhanced-underwriting-model

Hiscox partners with Google Cloud on generative AI-enhanced underwriting model

August 20 2024

Hiscox's new AI model aims to streamline sabotage and terrorism insurance quotes.

pricing-tech-and-consortiums-key-to-capacity-crunch-as-indonesias-mandatory-tpl-looms

Pricing, tech, and consortiums key to solving capacity crunch as Indonesia's mandatory TPL looms

July 10 2024

Motor insurers are anticipating opportunities that will arise from mandatory third-party liability, but changes have the potential to reshape the market.

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