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Technology tag returned 373 results

  • Incumbent insurers fall short of delivering value - study

    Most incumbent insurers today are not delivering on fundamentals like quality of products and services and ease of doing business. This has led to consumers, in particular millennials who are young and digitally active, turning towards doing business with new entrants to the industry whom they perceive as being able to create and deliver more value, said a new report from Bain & Company.

    AIRPlus | 16 Oct 2018
  • AIA introduces the first humanoids in Singapore's insurance industry

    AIA Singapore celebrated the official opening of its newly renovated next-generation customer service centre at Finlayson Green on Friday by introducing the first humanoids in Singapore's insurance industry to take on roles in customer service.

    Asia | 15 Oct 2018
  • MENA: World Bank report forecasts regional growth to reach 2.8% by 2020

    Economic growth in the Middle East and North Africa (MENA) region is projected to rebound to an average of 2% in 2018, up from an average 1.4% in 2017, according to a new World Bank report. In its economic outlook, the report also forecasts that regional growth will continue to improve modestly, to an average of 2.8% by the end of 2020.

    Middle East | 10 Oct 2018
  • Mobile money to drive microinsurance growth

    Gone are the days when microinsurance was considered a liability by insurers, as innovative applications of technology today are playing a pivotal role in bringing microinsurance to scale and a profitable portfolio for insurers.

    AIRPlus | 09 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
  • Singapore: Government partnership pairs accredited tech firms with leading insurers to spur sector's digital transformation

    Singapore's Infocomm Media Development Authority (IMDA) has signed a memorandum of intent (MOI) with four leading insurance companies to accelerate the insurance sector's digital transformation.

    AIRPlus | 04 Oct 2018
  • Millennials less financially literate than general population

    Millennials are less financially literate than the general population, according to the Personal Finance Index (P-Fin Index). The questions asked in the P-Fin Index focus on financial literacy and how smartphones are incorporated for financial purposes. It also measures knowledge and understanding which enable sound financial decisions.

    Agents | 03 Oct 2018
  • John Hancock leaves its 156 year past behind, incentivising longer, healthier lives

    The advent of wearables and wellness programmes stirred the life insurance industry somewhat, but the latest announcement from John Hancock in the US has shaken it completely.

    AIRPlus | 02 Oct 2018
  • Actuaries in the age of digital distribution

    There is a huge market for insurers tapping into digital distribution channels. The expected non-life premiums from digital distribution channels over the next five years is estimated at $452bn (personal lines at $289bn, commercial lines/insured SMEs at $86bn, commercial lines/uninsured SMEs at $57bn, new products/emerging risks at $20bn).

    AIRPlus | 26 Sep 2018
  • Keeping pace in an environment of disruption

    The insurance industry needs to embrace digitalisation and technological transformation to keep up with the pace of change in an environment of disruption, said speakers at the Strategic Issues Conference in Bali.

    Agents | 25 Sep 2018

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