The potential in financial insurance business is significant in Turkiye, according to Mr Ali Sertac Canal, Deputy General Manager of state-owned Turk Reasurans (Turk Re).
As small and medium enterprises (SMEs) rapidly adopt Artificial Intelligence (AI) and cloud-based infrastructures to scale, they are discovering that these growth engines also act as "risk multipliers", introducing new vulnerabilities into their core operations.
The majority of insurance companies in the Turkish market are "followers" in digital transformation, and the number of companies that have been able to implement digitalisation throughout the entire value chain is quite limited, according to the findings of a study.
The government is spearheading the development of a national insurance information system, the Chairman of the Insurance Regulatory Commission of Sri Lanka Dr Ajith Ravindra de Mel has said.
Four Chinese government ministries or agencies have set out 20 measures to accelerate the high-quality development of sci-tech insurance that plays an important role in risk dispersion and financial support for technological innovation.
The Pensions and Insurance Authority (PIA) has launched the Insurance Regulatory Sandbox for tech firms to test innovative products before they are rolled out in the market.
Alpha Reinsurance Joint Stock Company (AlphaRe) has been officially launched as Vietnam's third dedicated reinsurer.
Competition among insurance companies in the UAE motor insurance market has intensified, increasing in the digital sphere involving online platforms and social media.
Insurance brokers in Bahrain are increasingly integrating digital solutions into their operating models, according to Mr Mahmood Waheed, Head of Reinsurance at Manama-based Patrick York Ireland Insurance & Reinsurance Brokers.
Antananarivo-headquartered pan-African conglomerate AXIAN Group has announced that its subsidiary VIA Assurance has launched operations in Madagascar, following regulatory approval of a composite insurance licence.