Insurance
Here are the 5 key technologies in Asian insurers' digitalisation push
Here are the 5 key technologies in Asian insurers' digitalisation push
They lead in investment, in-memory analytics, and cloudbased analytics solutions.
Japanese P&Cs face fierce price war risk
E-commerce giant Rakuten and other players may "threaten" the country's insurance market.
Asia still lags in insurtech amidst 169% growth in deal values
Deals in Asia-Pacific account for only 7% of the the global share.
Are you an ecosystem insurer?
Analysts say that the rewards for working in a digital ecosystem are worth the effort.
Etiqa Insurance Singapore rolls out home protection plan
In the event of a fire, policyholders can receive $3,668 cash allowance within the day.
Etiqa Insurance streamlines motor insurance claims process
The insurer claims to have slashed the approval time from as much as 2 days to 30 minutes.
Fire insurance in Japan receives profit boost to offset dismal auto underwriting
The advisory rate revision will reflect increased losses from natural catastrophe and water leakages.
Life annuity scheme launched for Hong Kong's senior citizens
Men will receive a monthly payout of $5,800 whilst women get $5,300.
RHB launches mobile app for motor insurance and road tax
Users can purchase motor insurance policies within three minutes.
Chinese insurers shun universal life policies to ensure sustainability
These are commonly structured as short-term savings products.
Prudential Singapore rolls out insurance product for critical illness
‘PRUtriple protect’ offers a payout as high as $6.74m.
Japanese insurers embrace third-sector medical policies to weather ultra low rates
They rose 9% whilst individual annuity policies plunged 56% in fiscal 2017.
Allianz Taiwan unveils country's first AI-powered chatbot
‘Allie’ can answer customer inquiries and allow cross platform operations.
Allianz Malaysia profit up 18% to $21.85m in Q1
Strong performance from life and general business buoyed quarterly earnings.
ERGO Insurance and PolicyPal unveils plan to roll out blockchain travel insurance
Customers can enjoy automated claim payouts without the hassle of filing for a claim.
Singapore government unveils revamped insurance scheme for seniors with disability
CareShieldLife will be rolled out by 2020.
Prudential Singapore to pay $100 to customers hit by GIRO deduction
Customers can expect it to be credited to their accounts by 3 June.
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Industry experts push for the rapid progress of unified customer data as a starting point.
