AI agents helped realise CNY30.44bn ($4.46bn) in sales in the first three months of 2026 by enabling demand analysis, personalised recommendations, sales pitches, and so on, according to Ping An Insurance (Group) Company of China (Ping An Group) in its unaudited 2026 first-quarter financial statements.
The Australian Prudential Regulation Authority (APRA) has urged a lasting shift in how banks, insurers, and superannuation trustees manage AI-related risks amid its ongoing evolution.
Although cyber remains the top risk for businesses of all sizes, sectors and regions, it was found that 83% of Singaporean business leaders still report confidence in their ability to fully financially recover from an attack. Despite this, 27% of respondents plan to invest in stronger cyber security.
An AM Best survey of carriers and managing general agents (MGAs) to gauge the impact of AI on the insurance industry found that while nearly 60% of respondents expect AI to significantly transform their business models within the next one to three years, data readiness, security and privacy and integration with legacy systems are their largest impediments in deploying AI within their organisations.
More than 70 organisations from over 20 countries across six continents have urged the biggest global insurance and reinsurance groups to stop providing insurance for fossil fuel projects and fossil gas expansion in Southeast Asia's Coral Triangle. These pose significant risks to the most biodiverse marine area on Earth.
Egypt has begun preparations to launch the second phase of its Universal Health Insurance System.
A rapidly evolving geopolitical landscape and advances in AI are reshaping the global order and creating greater complexities for businesses in Singapore and across the region. These were the opening remarks from Singapore's Former Minister for Foreign Affairs and Lee Kuan Yew School of Public Policy Visiting Scholar George Yeo, during his keynote speech at MSIG Singapore's Partners' Day on 15 April.
AI is reshaping customer behaviour and expectations, exposing gaps between technological adoption and existing insurance coverage, as well as heightening the need to address cyber and systemic risks.
Cyber risk has taken on a new threat level, with attackers now following a fast "smash and grab" approach, meaning they do not linger or spy for long. Instead, they typically launch ransomware and cause disruption in about a day, Beazley Security points out.
bolttech has appointed Mr Watanabe Kohei as General Manager for Japan, with responsibility for the Japan business, including P&L across domestic and international operations.