AI has become a common technology in the insurance industry, with a focus on claims processing, according to a new report by Sollers Consulting. However, there are significant differences between companies in their preparedness to deploy AI. The business and IT consulting firm conducted in-depth interviews with leading representatives from 35 insurance companies in five regions across Europe and North America.
Tokio Marine Kiln (TMK), a leading specialist insurer, has launched Enterprise Ctrl, a comprehensive enterprise errors and omissions (E&O) insurance solution that enhances the recently launched TMK Cyber Ctrl+ suite.
Singtel, in partnership with Enterprise Singapore (EnterpriseSG) and the Infocomm Media Development Authority (IMDA) has launched the Singtel Cyber Protect Programme, a strategic public-private collaboration to bolster the cyber resilience of Singapore's small and medium-sized enterprises (SMEs).
Small businesses in Australia are paying up to 30% more for their insurance premiums because of taxes and levies imposed by state and territory governments according to a new report by the Australian Chamber of Commerce and Industry (ACCI).
The Insurance and Social Security Supervisory Authority (ACAPS) is working on implementing a digital system to monitor online content related to insurance products and services.
The Turkish insurance industry is seeing the impact of digital transformation in almost every aspect of insurance functions, from customer relations to preventing insurance fraud, according to Mr Emine Feray Sezgin, vice president of the Insurance and Private Pension Regulation and Supervision Agency (SEDDK).
Fewer than one third of financial services customers are confident that they know how to make a complaint about their financial service provider according to a new report by New Zealand's Financial Markets Authority - Te Mana Tatai Hokohoko (FMA).
Businesses worldwide are rapidly embedding Generative AI (Gen AI) into products, services and internal operations.
Tunisia is preparing to modernise its motor insurance system with the imminent launch of the "Auto Insurance 2.0" system, said Ms Jouda Khemiri, president of the General Insurance Committee (CGA).
The Algerian Union of Insurance Brokers (UACA) has set out four strategic directions to modernise the brokerage sector.