Industry Segments: Technology Page 1 / 16
-
- November 22 2024
Opinion: Will generative AI be a game-changer when it comes to risk modelling?
Algorithms can, in theory, be trained to create predictive models to analyse satellite imagery of cat-affected regions across Asia or forecast a typhoon’s trajectory as well as estimate potential damage and identify high-risk areas.
-
- November 15 2024
US exposures, climate change, pricing challenges weigh on APAC casualty underwriters
The casualty market faces challenges in predicting risks due to global interconnectedness and emerging threats like PFAS and cyber.
-
- November 7 2024
SIRC diary: The AI monster
The market is already seriously taking a technology that now seems beyond any doubt to have a profoundly transformative impact on all our lives.
-
- November 4 2024
High-quality exposure data key to effective nat cat risk management: Verisk
While countries like Australia, New Zealand, and Japan have reliable geocoding and risk data, other markets, including China, India, and South-East Asia, still face gaps.
-
- October 1 2024
NFRA unveils special insurance initiative for Chinese tech enterprises
The regulator's goal is to enhance offerings for businesses at various stages of their lifecycle in different areas, such as cybersecurity and R&D loss insurance.
-
- September 26 2024
Cat modellers need to balance consistency and adapting to climate change
Insurance companies must be prepared to embrace change and invest in building their own technical understanding to manage their portfolios effectively, says Guy Carpenter’s Mark Weatherhead.
-
- September 10 2024
WTW launches dedicated tech industry practice for ANZ to boost specialty services
As part of its corporate risk & broking business in Australia and New Zealand, it has appointed cyber and tech risk specialist Ben Di Marco as division head.
-
- July 29 2024
Space insurance struggles amid billion-dollar+ claims, scarce premium pool
While the market has seen a doubling of rates recently, shrinking underwriting capacity and technology changes add further challenges to the industry reeling from recent large losses.
-
- July 25 2024
Allianz Commercial taps AIG’s Karlis Trops to head Asia cyber and tech PI
Trops has over 14 years of industry experience specialising in cyber and technology errors and omissions (E&O) insurance underwriting and risk assessments.
-
- July 9 2024
Easing hard market cycle shifts carriers’ focus to APAC M&A, tech megatrends
More (re)insurers are riding on new tech trends to profit from over US$200bn premium potential, as there is also a growing interest in M&A opportunities in the region, according to Aon’s strategy and technology group.
-
- July 4 2024
Korea to provide US$2bn trade insurance as “AI supercycle” looms: report
South Korea's Trade, Industry and Energy Minister Ahn Deok-geun said that the demand for power from AI utilisation has boosted the power device market in a supercycle through which the country can bolster its exports.
-
- July 1 2024
Gen AI prophecy turns reality as insurers count cost benefits
Artificial intelligence, blockchain and embedded solutions are delivering tangible cost savings and enabling more competitive premium rates, senior insurance executives told an industry forum.
-
- June 14 2024
Opinion: Brokers keen to see underwriters back in the market
The post-pandemic hybrid environment and the development of AI means that queries and placements are significantly lacking in any human interaction for increasingly commoditised risks.
-
- June 4 2024
AI key to exposure management, risk assessment beyond covered perils: CCR Re
Technologies such as natural language processing, machine learning are transforming how the global reinsurer assesses risks, predicts claims and prepares for climate change, says CRO & actuary Jérôme Isenbart.
-
- May 22 2024
Rise of autonomous vehicles switches gears on motor liability cover
As the use of self-driving technology widens to taxi and minibus fleets in China, (re)insurers are referencing new regulations on their use on roads to explore new cover for autonomous vehicles.
-
- March 26 2024
Opinion: AI will tip the balance – the question is, when?
While algorithms are great at working with tried and tested data and assumptions, conceptualising scenarios outside the given parameters is not within their capabilities and an underwriter’s assessment is still needed.
-
- March 15 2024
(Re)insurers embrace generative AI for better underwriting, claims management
Early adopters are exploring the use of AI tools across the entire insurance value chain, including portfolio accumulation, risk quoting, and risk management.
-
- February 6 2024
IP risks on the rise as insurers look to APAC’s rising need for cover
As the number of infringement cases and the amount awarded climb, IP-related insurance is drawing more attention from companies in the region.
-
- January 15 2024
Thailand’s Roojai acquires Indonesian online broker Lifepal
Following the deal, the two companies will jointly expand their product offerings, and online and offline distribution.
-
- January 11 2024
Insurtech: Six tech predictions for the insurance sector in 2024
2023 was undoubtedly the year artificial intelligence (AI) went mainstream in the insurance industry. Many leaders are now entering 2024 with high, and potentially inflated, expectations on the potential of AI to ignite an era of accelerated technology led change. Fintechs are seizing the moment, finding ways to bring value to traditional insurers. Insurers are […]
