Wednesday, September 20, 2017

Digital

AXA and Alibaba agree global strategic partnership

AXA and Alibaba agree global strategic partnership

The companies will seek to work together to co-innovate and develop value-added products and services.

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Discovery enters Japan market with Sumitomo, Softbank

Discovery enters Japan market with Sumitomo, Softbank

South Africa’s third-biggest insurer plans to introduce its health reward programme, Vitality, with its new partners’ help.

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FWD signs Vietnam distribution agreement

FWD signs Vietnam distribution agreement

The 15-year bancassurance deal solidifies FWD’s market entry as it completes the acquisition of Great Eastern Life Vietnam.

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Asian insurtech funding takes off

Asian insurtech funding takes off

Funding for fintech ventures in Asia is rising steeply as investors bet on the potential for emerging-market startups.

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Allianz appoints chief digital officer for Asia Pacific

Allianz appoints chief digital officer for Asia Pacific

The German insurer has hired Robin Loh for the newly created role of chief digital officer for the Asia-Pacific region.

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Cars that don’t crash won’t need insurance

Cars that don’t crash won’t need insurance

What happens to the market for auto insurance when the majority of cars on the road are effective at preventing crashes?

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Baidu sets up new online car insurance firm

Baidu sets up new online car insurance firm

The Chinese insurer is venturing into the business through a partnership with China Pacific Property & Casualty.

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CIMB to sell Sompo Japan products in SE Asia

CIMB to sell Sompo Japan products in SE Asia

Malaysia’s second-largest bank has struck a distribution deal for the Japanese insurer’s non-life products.

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On-demand insurance

On-demand insurance

Scott Walchek, founder and chief executive of technology company Trov, wants to reinvent insurance for the mobile generation.

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Comparison site GoBear expands in Malaysia

Comparison site GoBear expands in Malaysia

The Singapore-headquartered company has appointed Amelia Lim as its first head of marketing in the country.

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Blockchain technology coming to China?

Blockchain technology coming to China?

Ping An has become the first Chinese insurer to join a global consortium exploring ways to use the technology in financial markets.

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Allianz launches Singapore innovation hub

Allianz launches Singapore innovation hub

The company’s Asia Lab will seek to harness digital innovation and advanced analytics to deliver intuitive solutions.

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Ping An joins blockchain consortium

Ping An joins blockchain consortium

The Chinese insurer has joined a global consortium working on ways that blockchain technology can be used in financial markets.

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Innovation and industry transformation on agenda of IIS forum

Innovation and industry transformation on agenda of IIS forum

More than 50 executives and experts will participate on the program at the IIS Global Insurance Forum.

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Internet-connected underwriting

Internet-connected underwriting

Many common risks will be completely transformed by the internet of things, but there will be no shortage of new liabilities.

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Alibaba sets up online health cover JV

Alibaba sets up online health cover JV

The company, founded by Jack Ma, has teamed up with six other investors to establish a partnership with China Taiping.

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Korean online sales growing rapidly

Korean online sales growing rapidly

Sales have more than quadrupled since 2012, according to the Korea Life Insurance Association.

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Zhong An posts US$30m net profit in 2015

Zhong An posts US$30m net profit in 2015

China’s first and only internet insurance licence holder saw premiums grow 200% to US$339m last year.

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SUMMER 2017

House of cards

From supply chains to cyber, we discuss emerging risks with a roundtable of Singapore risk managers