Australian Securities & Investments Commission (ASIC) is urging financial services and credit licensees, including insurance companies, to ensure their governance practices keep pace with their accelerating adoption of artificial intelligence (AI).
The Monetary Authority of Singapore (MAS) has announced the establishment of the Global Finance &Technology Network (GFTN) to strengthen Singapore as a global FinTech hub and enhance global connectivity for impactful innovation in financial services.
Igloo, a Southeast Asian InsurTech, is expanding into the direct-to-consumer market with its launch in Indonesia of www.igloo.co.id.
Regulatory push, the advent of rural and social-focused insurance players, digital adoption and innovation are expected to drive the insurance industry, said a report released by the Confederation of Indian Industry (CII) and professional services firm KPMG in India.
Online insurance broking platform company InsuranceDekho is in advanced talks to merge with smaller peer RenewBuy in a cash-and-stock deal, according to two people familiar with the matter.
Ghana's National Insurance Commission (NIC) has granted its approval to the first cohort of five InsurTechs to enter the regulatory sandbox to test innovative insurance solutions in a controlled environment.
Summations and recommendations made at the 19th Annual Gulf Insurance Forum (GIF) held in Dubai on 15-16 October 2024 focused on growing weather-related risks and the best means to confront them. The Forum also addressed the increasing importance of technology in the insurance market.
The East African insurance sector, still dominated by non-life insurance, has been on a rising trajectory, despite macroeconomic and geopolitical challenges in the region, says the global professional services firm, Deloitte.
CEOs in the insurance sector are confident about their company's growth prospects over the next three years despite challenges in digital transformation, talent and sustainability, a survey of 120 sector leaders from across the world finds.
PasarPolis, a Southeast Asian full-stack InsurTech, has announced a major expansion of its strategic partnership with Gojek, Indonesia's top on-demand service and part of the GoTo Group.