Monday, November 20, 2017

Data

Philippine insurers to submit regular reports to IMF

Philippine insurers to submit regular reports to IMF

The submissions are intended to enhance data transparency and promote sound statistical systems.

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Big data to lower premiums in Asia

Big data to lower premiums in Asia

P&C pricing in the region is predicted to fall as players welcome a wide range of new technologies.

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HK regulator tells insurers to embrace technology

HK regulator tells insurers to embrace technology

The Insurance Authority has urged insurance companies to harness financial technology and big data analytics.

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Malaysia crafts new privacy rules for banks, insurers

Malaysia crafts new privacy rules for banks, insurers

The act aims to protect data privacy and security by laying down codes of conduct in specific industries.

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Japanese firms turn to health data to set premiums

Japanese firms turn to health data to set premiums

Individualised premiums could be based on exercise times, sleep length, heart rates and other data.

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Consortium to explore use of blockchain in insurance

Consortium to explore use of blockchain in insurance

The Blockchain Insurance Initiative is planning to announce several new members in the next weeks.

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WeLab considers insurance venture

WeLab considers insurance venture

China’s largest mobile lending and credit analytics platform is entering the insurance services business.

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Insurance Development Forum begins work in Singapore

Insurance Development Forum begins work in Singapore

Public and private sector participants engaged in eight working groups at the IIS Global Insurance Forum.

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China’s Huize Insurance completes US$31m series B fund

China’s Huize Insurance completes US$31m series B fund

One of the top online insurance agency platforms in China has received financing from unidentified Chinese investors.

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Aon forms insurance broking JV in India

Aon forms insurance broking JV in India

The partnership with Indian technology firm Catamaran provide risk management and insurance broking.

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Telematics market to hit US$2.21bn by 2020

Telematics market to hit US$2.21bn by 2020

MarketsandMarkets says the telematics market is growing at an annual rate of 20.9%.

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Chinese car insurers to use big data in pricing

Chinese car insurers to use big data in pricing

Usage-based insurance in the Chinese auto sector could be a US$47 billion market by 2020.

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Vietnam urges students to sign up for health coverage

Vietnam urges students to sign up for health coverage

The country’s social health insurance covers 85% of students and pupils but participation is still low.

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Taiwan’s insurance penetration is world’s highest

Taiwan’s insurance penetration is world’s highest

Taiwanese insurance revenues as a share of GDP are the highest in the world, at a record 18.9%.

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Tencent said to invest in new life insurer

Tencent said to invest in new life insurer

China’s largest internet firm is reportedly eyeing a new US$1.5bn venture.

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Solera invests US$5m to support China’s auto insurance market

Solera invests US$5m to support China’s auto insurance market

Company set to open a Beijing research facility through the Solera Technology Center (STC).

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India’s general sector posts 12.3% growth in premium collections

India’s general sector posts 12.3% growth in premium collections

The majority of the premium growth came from the four state-run general insurers.

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AXA launching units in Singapore, Hong Kong and Shanghai

Data Innovation Lab in Singapore to conduct R&D work using data analytics.

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Zainudin Ishak, Malaysian Re

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