Insurers should take advantage of automation to leverage the data the new standard will produce, said Martyn van Wensveen, a senior management consultant at EY.
Shinhan EZ General Insurance will enter Indonesia through a partnership with PasarPolis's Tap Insure, with an initial focus of servicing Korean firms that operate within Indonesia.
The regulator is aiming to study and propose improvements for the channel, as one of ' reaching the last mile' and making insurance products available to 'every nook and corner' of the country.
AM Best credits KB Insurance Co.'s improved underwriting profitability and robust operational performance as key factors behind reaffirming its A (Excellent) Financial Strength and "a" Long-Term Issuer...
AM Best upgrades ERGO Insurance's credit ratings to A+ (Superior), noting the important role in parent company Munich Re's Southeast Asia growth strategy.
The deal would be the largest foreign investment in India’s insurance sector and follows regulatory changes in 2021 which made foreign ownership possible in the space.
