A new large AI model with inputs of data relating to certain specific symptoms of patients, can generate alerts about potential rare genetic disorders such as Rett syndrome or Angelman syndrome, or complex neurodevelopmental conditions within seconds.
The Insurance Brokers Association of India (IBAI) has announced the launch of its chapter at GIFT City. With insurance brokers contributing nearly 40% to the general insurance business and aspiring to expand their presence in life insurance, IBAI's presence at IFSC will help amplify its impact on the industry's next phase of growth.
Future Generali India has launched an AI platform that aims to simplify the process of assessing appropriate cover for an individual's health insurance requirements.
Despite strong regulatory frameworks and rising interest in digital solutions, resistance to change still exists, stemming from the use of, and familiarity with, outdated technologies and workflows.
Recently, Shenzhen Financial Regulatory Administration announced that six Shenzhen-based property insurers jointly issued the country's first cross-border e-commerce credit guarantee policy. The launch marks the official start of Shenzhen's pilot program for using insurance innovation to support the cross-border e-commerce sector.
INSTANDA, a policy administration and digital distribution platform for the global insurance market, has appointed Mr Jerry Hall as head of business development, APAC.
A promising area in insurance is digital health underwriting, where insurers use electronic health records - increasingly adopted across APAC - to conduct underwriting assessments more efficiently, according to Swiss Re head of life and health reinsurance APAC excluding China, Ms Daisy Ning.
The Moroccan Insurance Federation (FMA) has revealed several initiatives it is working on to improve efficiency and modernise the industry.
The National Insurance Commission (NAICOM) has said that technology must be used to deepen rural insurance penetration across Nigeria.
Liva Insurance, a leading GCC insurance provider, and Relm Insurance, which is dedicated to emerging sectors, yesterday announced that they have secured UAE Central Bank approval for their dedicated multi-line insurance solution for Web3 businesses.