Wednesday, September 20, 2017

Digital

Global cybersecurity spending to hit US$75.4bn

Global cybersecurity spending to hit US$75.4bn

Growth in global interconnectedness is driving spending up, according to Gartner research.

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Malaysians buying more life insurance online

Malaysians buying more life insurance online

U for Life is investing up to M$5m over the next 12 months in its internet platform.

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Generali launches Obi app in Vietnam

Generali launches Obi app in Vietnam

Generali has struck a deal to embed its native insurance app in Obi mobile phones in Vietnam.

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Tencent to set up China’s first Internet-based life insurer

Tencent to set up China’s first Internet-based life insurer

The Chinese internet giant is partnering with state-owned firm Citic Guoan on a new internet venture.

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Alibaba and the disruption of China’s insurance industry

Alibaba and the disruption of China’s insurance industry

Jack Ma’s empire is vying for a significant share of China’s insurance industry through disruptive online innovations.

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China urges insurers to go digital

China urges insurers to go digital

Insurance regulator CIRC has issued guidelines to encourage insurers to use the internet to reach more clients.

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Breeding insurance innovation in Singapore

Breeding insurance innovation in Singapore

Singapore’s efforts to become a 21st century insurance hub are paying dividends as insurers set up innovation centres in the Lion City.

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Insurers ill-prepared for digital transition

Insurers ill-prepared for digital transition

Insurance executives reportedly lack confidence in adopting digital technologies, according to Bain & Co report.

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China to support online insurance businesses

China to support online insurance businesses

China’s central bank is encouraging insurers and other financial institutions to improve their online offering.

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Specialist warns of over-reliance on cyber insurance

Specialist warns of over-reliance on cyber insurance

Security specialist Carl Leonard says companies’ over-reliance on cyber insurance could result in security breaches.

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Malaysia’s Islamic insurers investing more in technology

Malaysia’s Islamic insurers investing more in technology

Takaful operators plan to double the number of Islamic insurance policyholders in five years.

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All insurance policies in India will soon be available in digital format

All insurance policies in India will soon be available in digital format

Life and non-life policies to be available in digital form.

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Sovereign offers free insurance in New Zealand through Facebook

Sovereign offers free insurance in New Zealand through Facebook

Innovative Facebook campaign to offer free life insurance for six months.

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Samsung partners Ping An for digital health platform in China

Samsung partners Ping An for digital health platform in China

Partnership expected to fast-track the adoption of remote health monitoring systems in China.

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Doing the rounds: Technology

Doing the rounds: Technology

Having spent the past few weeks knocking on doors and talking to insurers, here’s what they told us about technology.

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Vietnam launches social insurance e-portal

Vietnam launches social insurance e-portal

Launch of the e-portal forms part of Vietnam Social Insurance’s (VSI) efforts to reform its administrative procedures.

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South Korea to launch online insurance supermarket

South Korea to launch online insurance supermarket

Website will initially focus on car insurance, health cost coverage insurance and savings insurance.

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Malaysia’s first Internet insurance platform launched

Malaysia’s first Internet insurance platform launched

Company is confident that the online insurance platform will help increase the life insurance penetration rate in Malaysia.

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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