Friday, April 27, 2018

Digital

Prudential aims to double earnings in Asia

Prudential aims to double earnings in Asia

The British insurer is aiming to boost investment in technology in the region over the next several years.

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Paytm seeks insurance licence

Paytm seeks insurance licence

The online payments company is set to file an application to operate as a life and general insurer.

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US$375bn awaits insurance innovators, says Accenture

US$375bn awaits insurance innovators, says Accenture

The largest of these revenue growth opportunities will arise in Asia Pacific, a new report says.

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Life firms embracing digitalisation to battle stagnation

Life firms embracing digitalisation to battle stagnation

Insurance companies are integrating technology to prevent loss of market share to startups, says Deloitte.

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China’s Sina to venture into internet insurance

China’s Sina to venture into internet insurance

The tech firm follows in the footsteps of the country’s big three internet players Alibaba, Tencent and Baidu.

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Rakuten takes on Japan’s big three

Rakuten takes on Japan’s big three

The Japanese e-tailer’s acquisition of Asahi Fire & Marine shows how tech players are set to disrupt.

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Korea to increase number of online insurers

Korea to increase number of online insurers

The regulator’s aim is to lower barriers to entry and ramp up competition in the country’s financial sector.

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Muang Thai Life plans more regional expansion

Muang Thai Life plans more regional expansion

It will focus on Myanmar, Indonesia, Malaysia and the Philippines after the success of JVs in Indochina.

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Fintech start-up Jirnexu banks on insurance as growth driver

Fintech start-up Jirnexu banks on insurance as growth driver

The South-East Asian financial technology startup has said that insurance will account for up to 30% of its growth.

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Ping An value hits US$101bn in 2017

Ping An value hits US$101bn in 2017

The stock of Ping An Insurance Group Co continues to soar, despite the lack of hype that insurers have as compared with tech companies.

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Aviva-Cofco launches big data collaboration with Tencent

Aviva-Cofco launches big data collaboration with Tencent

The project will focus on combating financial fraud, developing AI and improving risk management.

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Allianz invests in microinsurance firm BIMA

Allianz invests in microinsurance firm BIMA

The company has invested US$96.6 million in the company, which sells insurance products via mobile phone.

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Half of SMEs will buy insurance online

Half of SMEs will buy insurance online

The insurance market for small and medium-sized enterprises is set to completely change, says PwC.

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Eight Korean insurers tap online-only bank

Eight Korean insurers tap online-only bank

K Bank has released 20 savings and protection “mobilessurance” policies through a mobile app.

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Hong Kong insurers attract buyers seeking M&A-driven growth

Hong Kong insurers attract buyers seeking M&A-driven growth

US and European insurers look to Asia amid low growth and even lower interest rates, according to new research.

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Insurance M&A increases in value

Insurance M&A increases in value

“Fewer in number, but higher in value” says Willis Towers Watson in its recent survey.

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Chinese internet-only insurers still register losses

Chinese internet-only insurers still register losses

The profits of China’s four online-based insurers saw a rise in premium income, but still ended up registering a loss.

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ZhongAn Online to apply AI to improve service

ZhongAn Online to apply AI to improve service

China’s first online-only insurance firm says that it plans to deploy artificial intelligence to improve its offering.

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