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.
AI, especially GenAI is transforming the India's insurance industry and productivity gains have scored over 30% according to a new report.
The adoption of shariah parametric weather index insurance remains in its early stages in Indonesia when compared to traditional takaful and conventional parametric insurance models, Zurich General Takaful Indonesia (Zurich Syariah) president director Hilman Simanjuntak has said.
On March 11 2025, the Insurance Commission (IC) and the National Privacy Commission (NPC) issued Joint Advisory No 2025-001, or Considerations on the Use of Privacy Enhancing Technologies (PETs) in the Insurance Industry.
The National Anti-Scam Centre's latest Targeting Scams Report found scam losses reported to organisations fell by 25.9% to $2bn in 2024, showing the efforts by government, industry, law enforcement and community organisations are reducing the financial impact of scams on Australians.
The Insurance and Social Security Supervisory Authority (ACAPS) launched the "Emergence" programme to support the digital transformation of the insurance sector.
InsurTechs could ensure the security of sensitive policyholder data on their digital platforms by starting with end-to-end encryption, locking down data both at rest and in transit using industry-leading encryption, according to eSanad Insurance CEO Mr Anas Mistareehi.
The board of directors of the Financial Regulatory Authority (FRA) has issued a decision regarding procedures for registering data on the electronic linkage platform between the regulator and insurance companies.
Less than a third (27%) of respondents in Singapore report high readiness from a data perspective to adapt, deploy, and fully leverage AI technologies, according to the Cisco report, titled "2024 AI Readiness Index - Hype Meets Reality".
China's insurance industry is increasingly adopting artificial intelligence (AI) models such as DeepSeek, with several insurers integrating the technology to enhance operational efficiency. While AI could help smaller insurers compete with larger firms by improving data analytics and customer experience, a new report from rating agency AM Best cautions that it also introduces regulatory and risk management challenges.