Kenya's regulatory requirements for digital insurance are set to get stricter as the country's insurance regulator, Insurance Regulatory Authority (IRA) is drafting tougher requirements around cybersecurity, data protection and digital insurance oversight.
Digital transformation has become a prominent trend adopted by health insurers in the UAE, with expectations for this branch of business to see further growth in 2025 and 2026, said several speakers at the 9th Healthcare Conference, held in Dubai last week.
The Algerian Union of Insurance and Reinsurance (UAR) has launched an artificial intelligence (AI) hub specialising in digital innovation and strengthening analytical capabilities in the sector. The initiative was announced by UAR General Delegate Abdelhakim Berrah.
A new cross border digital vehicle insurance plan has been launched for travellers between Saudi Arabia and the UAE and will be available through familiar government digital platforms, enhancing convenience and digital adoption.
At the 19th Shenzhen International Financial Expo ("Golden Expo"), Ping An Group CTO Wang Xiaohang made his first public appearance in the role, outlining his latest views on AI's direction and impact.
These are the highlights for events and updates across the insurance industry this week.
The conversation around flood risk in the (re)insurance industry is "shifting from response to proactivity", according to Dr Andrew Smith, COO of Fathom, a water and climate information company.
The 2025 Hong Kong FinTech Week was held recently at the Hong Kong Convention and Exhibition Centre, marking the event's 10th anniversary and its largest edition to date.
Shenzhen has launched the city's first fast-track settlement channels for commercial insurance claims - "Direct Payment" and "Quick Claims" - through the integration of public data and multi-party collaboration.
The Insurance Regulatory and Development Authority of India (IRDAI) has issued new guidelines establishing a comprehensive regulatory framework to help insurers and distribution channels identify, prevent, and manage fraud-related risks.