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InsurTech tag returned 284 results

  • Insurance and the 4th industrial revolution - a brave new world

    Asia Insurance Review's special summit on Industrial Revolution 4.0 and its impact on insurance got off to a rousing start in Seoul yesterday, where speakers delivered a balanced perspective of how the industry can capitalise on the technological, economic and social disruptions that are happening as the world enters its fourth major industrial era since the original industrial revolution of the 18th century. With a world being shaped by a fusion of technologies and the blurring of lines between the physical and digital spheres, the message on the first day of the conference was for the industry to keep an open mind and seize on opportunities to enhance its value proposition.

    Asia | 17 Oct 2018
  • Experiences of first InsurTech company to be approved from the Thai regulatory sandbox

    FairDee is a Thai digital insurance platform that was launched in July. Formed by the Singapore-based Vouch InsurTech and six Thai insurers, the start-up aims to promote safer driving and reduce fraudulent claims by giving up to 30% of annual premiums back to consumers who do not make any claims within that policy year.

    AIRPlus | 15 Oct 2018
  • Hong Kong: Regulator says plenty of room to lower protection gap

    "The next wave of economic growth will be powered by Asia," said Insurance Authority, Hong Kong CEO Clement Cheung. "Many Asian economies are still uninsured and there is plenty of room to lower the protection gap," he said in his regulatory keynote address at the FT Insurance Summit held in Hong Kong yesterday.

    Asia | 12 Oct 2018
  • Global: Pacific Life Re undertakes text mining project to process medical data

    London-headquartered Pacific Life Re and UnderwriteMe, a supplier of automated underwriting systems, are collaborating with the National Centre for Text Mining (NaCTeM) at the University of Manchester in the UK on a project to develop a system which combines text mining and machine learning techniques to process unstructured medical textual data, such as doctors' reports on life and health insurance applicants and claimants.

    Asia | 12 Oct 2018
  • India: E-commerce giant clinches corporate agent licence

    Local e-commerce giant Flipkart has said it will be entering the insurance market after securing a corporate agent licence.

    Asia | 10 Oct 2018
  • Incumbent insurers fall short - Bain & Company

    Incumbent insurers fall short of delivering the value that consumers, especially millennials, expect. This is according to Bain & Company's fourth insurance loyalty report, which found the industry vulnerable to disruption from insurgents unless it can deliver on what matters most to customers.

    Agents | 09 Oct 2018
  • China: Online accident & health insurance sales grow fastest in 1H2018

    Across all categories of insurance products sold online, accident and health insurance grew most rapidly in the first half of this year, with premium income from this class of business reaching CNY7.29bn ($1.05bn), according to data released by the Insurance Association of China (IAC).

    Asia | 09 Oct 2018
  • UAE: AI model helps insurers detect waste in healthcare

    Artificial intelligence (AI) applied by health insurers could help save millions of dirhams a year in fraud and abuse within the UAE healthcare system, analysts say.

    Middle East | 08 Oct 2018
  • InsurTech transactions reach new peak in 2Q2018

    The second quarter of 2018 saw a record high number of 71 InsurTech funding transactions. However, the $579m invested is down 20% against the prior quarter, according to the latest Quarterly InsurTech Briefing from Willis Towers Watson.

    AIRPlus | 08 Oct 2018
  • Role of supervisors and regulators must change with technological trends

    Insurance supervisors must change their approach to not only oversee the prudential and market conduct of insurance companies but also support the industry's development and efforts to implement technology, said Thailand's Office of Insurance Commission secretary-general Dr Suthiphon Thaveechaiyagarn, during his keynote address at the InsurTech Summit Thailand yesterday morning.

    Asia | 05 Oct 2018


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