Concerns rise as Bangladesh moves to liberalise insurance sector under US pressure
The Government of Bangladesh has initiated steps to repeal the mandatory reinsurance clause from the Insurance Corporation Act, following conditions …
Insurance
LIC’s new insurance options combine protection and long-term financial benefits
India’s leading state-run insurer, Life Insurance Corporation of India (LIC), has unveiled two new insurance offerings—Protection Plus and Bima Kavach—aimed …
China Taiping maintains stable rating amid Tai Po fire claims
Fitch Ratings has indicated that near-term insurance claims for China Taiping Insurance Group Ltd. (TPG, A-/stable) are expected to rise …
Insurance Leadership changes in Malaysia, AI transforming insurance
Between 1 and 5 December, significant developments were observed in the Asian insurance sector. Giulio Slavich has been appointed Chief …
NLP becomes indispensable for combating fraud in the insurance sector
Fraud has long been a silent pandemic in the insurance sector, causing financial losses to companies, procedural complications for genuine …
US Conditions May Lead to Reduced Reinsurance Income for State Insurance Corporation
Concerns have emerged that the General Insurance Corporation’s revenue and business may decline after the government initiated steps to repeal …
Wang Fuk Court Fire: Swift Response from Hong Kong Insurers
Hong Kong Insurers Accelerate Relief After Tai Po Fire Following the devastating fire at Wang Fuk Court in Tai Po, …
Insurance Claims Simplified and Accelerated Amid Southern Thailand Floods
Thailand’s government has introduced measures to simplify and expedite insurance claims for residents affected by severe flooding in the southern …
Black Sea Ship Insurance Surges After Attacks, Authorities Warn
Insurance premiums for vessels calling at Russian and Ukrainian ports in the Black Sea have risen dramatically in recent days, …
Agentic AI: Ushering in the Age of Automation in Insurance
Agentic AI Revolutionises Insurance Workflows The insurance sector is witnessing a transformative shift as technology rapidly evolves, particularly with the …