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.
Embedded insurance provider, EIP, has announced its new partnership with Insurtech Third Party Administrator, Nexacore, to deliver end-to-end device protection and extended warranty solutions across Southeast Asia (SEA).
Minister of Investment and Foreign Trade Dr Mohamed Farid has emphasised that digital transformation is a strategic necessity for the growth of Egypt's insurance sector, which requires a stronger private sector to support structural reforms and improve market efficiency.
Beijing is the first city in China to launch the development and application of commercial insurance for intelligent connected new energy vehicles (NEVs). The initiative aims to upgrade existing NEV insurance and enable unified coverage for L2-L4 intelligent connected vehicles, according to Xinhua News Agency.
Insurers today are dealing with overlapping shocks: pandemic after-effects, cyber accumulation, climate volatility, supply-chain fragility and geopolitical spillovers. They encounter 'permacrisis' cycles where the next event begins before the data from the last one emerges.
Zurich Insurance has appointed Mr Digbijoy "Digi" Joseph Shukla as Head of Digital, APAC. In his new role, he will play a central role in shaping Zurich's pan APAC customer and digital agenda, with overall leadership responsibility for Zurich Edge, the company's regional digital and embedded insurance business.