Nearly half have used gen AI in choosing financial products. Over 1 in 2 Singaporeans who use generative AI chat tools do so to compare financial products, including insurance, according…
Read article →Sompo has also acquired a Brazilian company. The insurance industry from 20 to 24 July saw lower catastrophe losses, rising transaction risk claims, and continued merger and acquisition activity. Asia’s…
Read article →Consistent internal generation and low underwriting leverage support its financial position. United Overseas Insurance Limited’s (UOI) could expand its regional business in line with opportunities arising from the wider strategy…
Read article →More than half expect government schemes to fund future care needs. Planning for long-term care remains low amongst Singaporeans, as only 19% of respondents understand and have planned for their…
Read article →Diversified earnings and stronger investment returns supported group profitability in 2025. Munich Reinsurance Company’s (Munich Re) risk-adjusted capitalisation remains at the strongest level under Best’s Capital Adequacy Ratio (BCAR) and…
Read article →He will take up the Hong Kong-based role on 1 September. Sun Life has appointed Lee Sarkin as vice-president for data and artificial intelligence (AI) in Asia, effective 1 September.…
Read article →Firms will collaborate on analytics, technology, and advisory tools. FWD Singapore and Ascend Asia Financial Services Group have signed a long-term strategic partnership to expand access to insurance and investment…
Read article →Rising tourism and exposure to natural disasters are increasing protection demand across APAC. The global travel credit insurance market was valued at $14.1b in 2023 and is projected to expand…
Read article →Cardholders can seek reimbursement when goods arrive damaged or fail to arrive. Chubb Philippines and buy-now-pay-later platform, Atome Philippines, partnered to launch a shopping insurance plan with personal accident benefits…
Read article →The target specialises in property surety and financial lines for corporate clients. Sompo International Holdings Ltd. has agreed to acquire Fator Seguradora in Brazil through a wholly owned subsidiary, the…
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