There has been a significant surge (62%) in the number of female salesperson (POSPs) in the Indian insurance industry during the financial year 2023-24.
Tawuniya, one of the biggest insurers in Saudi Arabia, has launched an innovative, intensive 12-week virtual accelerator programme - InsurAi - to nurture technology startups across the Middle East and North Africa.
Morocco is banking on digitalisation as a strategic lever to expand access to insurance, the president of the Insurance and Social Security Supervisory Authority (ACAPS), Mr Abderrahim Chaffai, has said.
The Algerian Union of Insurance and Reinsurance Companies (UAR) plans to digitise the vehicle insurance certificate to allow policyholders to obtain it online, the UAR president, Mr Youcef Benmicia, has announced.
Huize Holding, a Nasdaq-listed InsurTech platform company, has said that it is in the process of applying for an insurance brokerage licence in Singapore, with plans to further develop high-end insurance services in the Southeast Asian region.
Argyle Insurance, an Australian underwriting agency specialising in SME insurance solutions, has secured a strategic investment from Correlation, backers of insurance entrepreneurs around the world.
The National Financial Regulatory Administration (NFRA) has approved a licence for a new insurer to be registered in the city of Suzhou in the eastern province of Jiangsu. The proposed name of the insurer is Suzhou Dongwu Property Insurance Co.
discovermarket, a global InsurTech innovator in embedded insurance solutions, headquartered in Switzerland and Singapore, has announced its official launch in Latin America, beginning with the establishment of a legal entity in Brazil.
Nasdaq-listed Beijing-headquartered Cheche Group, a leading auto insurance technology platform in China, has said that its long-term plans include extending its partnerships with auto manufacturers beyond China.
The future looks promising for the life insurance industry in India with several changes that will transform the way the industry conducts its business and engages with customers, says the India Brand Equity Foundation (IBEF).