Insurers need to balance hyper-personalisation against the risk of fragmenting risk pools into statistically unreliable segments, industry experts say.
Fitch pointed to slower growth and earnings swings as key risks for China and Taiwan’s life insurers, but sees stability for most of the region's life and non-life industry.
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.
