This new company, yet to be named, will provide critical underwriting capabilities, underpinned by cutting-edge AI technologies, to help accelerate growth of the insurance and capital market ecosystem in the Gulf region and support the continued evolution of regional capital markets.
Insurers should deploy automation and Gen AI to compensate for expertise shortages and to drive efficiencies as populations age and mobility patterns shift in Asia and globally, according to the "2025 World Property and Casualty Insurance Report" by Capgemini Research Institute.
Zhibao Technology Inc (ZBAO), a Nasdaq-listed company, recently released its financial data for the first half of the 2025 fiscal year, showcasing its growth. The company's operating revenue for the period reached CNY146.4m ($20.14m), marking a 74% year-on-year increase. Operating profit also surged by CNY12.18m.
bolltech yesterday announced its partnership with Sumitomo Corporation, one of Japan's largest trading houses. The two companies will enter a joint venture to deliver technology-enabled embedded solutions to distribution partners across a number of markets in Asia.
Regulators in different parts of the world have very different thoughts and approaches to AI, McKinsey & Company senior partner Violet Chung indicated.
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interest in digital solutions, resistance to change still exists, stemming from the use of, and familiarity with, outdated technologies and workflows.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.