China: Cheche Group to entrench itself deeper in NEV value chain

...Nasdaq-listed Chinese auto insurance technology platform company, Cheche Group, is now aligned with the majority of significant new-energy vehicle (NEV) manufacturers in China, according to its founder, CEO and chairman, Mr Zhang Lei....

Middle East: InsurTech CEO shares knowhow on securing policyholder data

...technology to create transparent, tamper-proof records. These ensure that they are aligned with the principles of takaful....

India: Reinsurance opportunities in a fast-growing market

Nominations are now open for the prestigious Asia Insurance Industry Awards

...Technology Initiative of the Year...

Global insurance protection gap expected to worsen through 2030, finds survey

...technology advancements. The rapid proliferation of unstructured data and the rise of AI are reshaping the industry landscape and harnessing data presents insurers with a unique opportunity to enhanc...

Australia: Government plays vital role in promoting private health insurance

...technology approval and costing, preventative service offerings, Medicare strengthening and various tax and financial incentives.”...

DeepSeek's role in China's insurance sector: efficiency gains vs risk challenges

...technology, talent, and processes could negatively impact insurers’ financial performance if results do not materialize as expected. Industry analysts note that the Chinese insurance...

China: DeepSeek helps insurers attain operational efficiencies

...technology gap with larger players. Several Chinese insurers have begun implementing DeepSeek in their operations. AM Best’s commentary, expresses optimism about the opportunities and risks pre...

Uganda: Insurers need to navigate transition to more diversified energy sector

...technology investments, strengthening reinsurance capacity to handle large-scale claims, especially in complex energy projects and enhancing public-private partnerships to support sustainable energy...

Global: Financial professionals feel less prepared than ever to tackle financial crime

...technology is primarily being used to enhance detection capabilities – to identify suspicious behaviour, for network analysis and to identify risk signals. However, only a fifth (20%) believe t...

FinTech and InsurTech partners eye new markets to replicate success in Kenya

...technology companies, and financial institutions to distribute insurance products. Turaco has insured over 3.5m people to d...

ZhongAn reports CNY603m net profit in 2024, with AI driving business innovation

...Technology" strategy. By integrating technological advancements across the insurance process, the company has improved underwriting efficiency and user experience, while promoting inclusivity, d...

Malaysia: Regulator announces appointments

...Technology Committee. Encik Aznan holds a degree in economics and accounting from the University of Bristol, UK. He is currently the chairman of the Board Audit C...

Vietnam: Capital expansion boosts optimism in Vietnam's insurance sector

...technology to attract younger, tech-savvy policyholders. PVI Insurance also made significant strides in 2024, successfully increasing its capi...

Natural resources companies run into hurdles when seeking suitable insurance

...Technology priorities are shifting: 51% rated solar as a top priority in the near and medium term. In the medium to long term, 61% prioritise battery storage solution...

Xiaomi SU7 Ultra's first-year insurance cheaper than gasoline cars

...technology is expected to drive industry transformation while enhancing consumer experience and safety standards....

54 P&C insurers report over 100% combined ratio, but losses ease

...technology, and asset allocation, not only expanded their market share but also secured solid operating profits....

Hong Kong: Prudential announces appointments

...Technology. In her new role, Ms Lee will be responsible for all legal matters and the company secretary function of Prudential, providing strategic legal advice t...

India: Prudential launches global services hub

...technology, AI and data and operations professionals in India within the next three years. The facility will focus on developing deeper skills and capabilities in data, AI, software development, auto...

GAIP unveils a slew of initiatives to promote professionalism in InsurTech

...technology leaders. This event, along with the Golden Shield Excellence Awards, will highlight cutting-edge innovations and industry best practices while facilitating high-level discussions on emergi...

Malaysia: Central bank notes encouraging interest in digital insurance and takaful DITO licences

...technology and digital advancements, insurers and takaful operators (ITOs) can address supply and demand challenges, resulting in more personalised and diverse product offerings beyond traditional se...

Insurance carrier M&A activity down in APAC

...technology considerations including cyber resilience.  ...

Kenya: Regulator urges insurers to promote microinsurance

...technology and partnerships to make insurance more accessible, affordable and relevant....

Egypt: Industry body urges insurers to work with property developers to design smart home insurance products

...The Federation of Egyptian Insurance Companies has sounded the need for insurers to cooperate with real estate developers and technology providers to create insurance products for smart homes....

HSBC Life and Gleneagles Hospital Hong Kong reveal latest advances in histotripsy treatment

...technology that enables doctors to target and destroy tumours without the need for incisions, radiation, or needles. Compared to conventional treatment methods, H...

Nigeria: Financial training centre presents "roadmap" for advancing insurance sector

...Key challenges in the Nigerian insurance market include sluggish growth, low penetration rates, and the under-utilisation of technology, according to a report launched by the Financial Institutions Training Centre (FITC)....

Proposal for AI unemployment insurance gains momentum in China

...The chairman of iFlytek, a leading Chinese voice recognition technology company, Liu Qingfeng, has called for the establishment of AI unemployment insurance to support an AI-friendly labor market and ensure social stability amid rapid technological advancements....

Ping An partners with JBA Risk Management to enhance flood risk assessment

...Ping An Insurance (Group) Company of China has entered a flood maps licensing agreement with UK-based flood scientists JBA Risk Management to support its underwriting and risk management capabilities. The move by the technology-powered financial services group reflects the increasing importance of flood risk assessment in China, amid a rise in both the frequency and severity of flood events....

Ping An enhances recruitment experience with AI

...technology to perform keyword matching and semantic analysis on resumes, accurately identifying students who meet the job requirements. These AI innovations not only reduce the workload of HR staff a...

Asia Pacific insurance execs least likely to view closing protection gap as ethical obligation

...technology improves affordability, how innovation creates more accessible products and the importance of greater engagement with regulators, most organisations have not begun implementing these strat...

UAE: Sukoon set to tap government's insurance initiatives for growth

...technology will remain a priority to allow us to stay ahead of the curve.”...

Singapore companies embrace AI for growth, eye higher ROI and innovation

...technology leader Tan Siew San said....

The risk and rewards of AI use in construction

...technology. Until clear legal frameworks and trust-building protocols are established, stakeholders—including developers, contractors, insurers and regulators—will be hard-pressed to acce...

AXA Climate School fosters young talent in Hong Kong

...Technology, The Hang Seng University of Hong Kong, Hong Kong Baptist University, Lingnan University, Hong Kong Metropolitan University and Hong Kong Shue Yan University. ...

India: Age group between 25 -35 leads in insurance claims

...technology sectors are bundling wellness incentives such as gym memberships and health-tracking apps into their policies to encourage proactive health management. The study found that in te...

Nigeria: Regulator calls on insurance industry to develop cyber insurance

...Technology Development Agency (NITDA) and the Nigeria Data Protection Commission to...

Regulatory updates this week

...Technology, the National Development and Reform Commission and the Ministry of Education, among eight government agencies,...

Baidu founder Robin Li: Motor accident rate of autonomous vehicles 1/14 that of human drivers

...technology are causing a huge impact on the insurance industry. Behind the data for autonomous vehicles is not only a decrease in the rate of traffic accidents but also a sign of a fundamental contra...

Asia Pacific: Despite initiatives to include women, barriers remain

...As the insurance landscape shifts with advancements in technology, evolving client demands, AI innovation and sustainability, the inclusion of diverse perspectives has never been more critical, according to a white paper published earlier this year by Solera, titled "Shifting Gears - The Role of Women in Shaping the Future of Automotive"....

China: Insurance platform for new electric vehicles helps 114,000 units get insured in just 1 month

...An insurance platform dedicated to ensuring proper coverage for new energy vehicles (NEVs), which started operations on 25 January 2025, has successfully helped 114,000 units get insured in the first month that ended 25 February....

Egypt: Insurance federation to work with regulators to develop legal framework for insuring smart ships

...;technology will play a pivotal role in reshaping the insurance industry and new insurance products will be designed that focus on risks such as cyber hacking, software failures and data loss. Th...

MENA: Liva and Relm form partnership targeting emerging innovative sectors

...technology....

Egypt: Insurance federation to work with regulators to develop legal framework for insuring smart ships

...;technology will play a pivotal role in reshaping the insurance industry and new insurance products will be designed that focus on risks such as cyber hacking, software failures and data loss. Th...

UAE: ATOM Insurance and Datafolio join hands to transform insurance operations through technology

...technology enhances capabilities in risk assessment, pricing and operational efficiency, serving leading operators and insurers across Europe and the Middle East....

Saudi Arabia: MedGulf forms partnerships with 3 Chinese insurance giants

...technology to Saudi Arabia, said MedGulf....

Australia: Significant progress in insurance industry revealed

...technology upgrades, will require varying amounts of time for different insurers to achieve. Despite the progress made, insurers still have add...

Egypt: Regulatory chief calls on insurance industry to step up talent development

...technology to achieve the required progress in the sector with the maximum possible benefits....

Australasia: Steadfast appoints new CTO

...Steadfast Group has appointed Mr David Gillespie as CTO, effective May 2025. In his new role, he will spearhead a technology strategy for the Group, which includes enhancing Steadfast's enterprise IT, advancing market-leading Insurtech products and driving the company's digital transformation....

India: Uninsured vehicles are a major safety and financial concern

...technology for efficient policy management are essential steps toward mitigating this challenge.”...

Qatar Insurance Group undertakes strategic investments in InsurTech startups

...technology officer of Digital Petroleum....