Korean insurers face competition from fintech powerhouses: Moody’sAugust 18 2021 by InsuranceAsia News Staff
- July 28
BI risks, data security concerns and past losses are contributing to more conservative underwriting.
- June 23
The offering is supported by new capacity from Bermuda-based Relm.
- April 21
Major Singapore and Indonesia solar project signed as insurers tested by new technologies in hardening market.
- January 12
There is more work to do to utilise data for product design and claims, according to experts at the Asian Financial Forum.
A longer claims process and increased cost were some of the challenges faced by insurers.
Tropical cyclones have always been a significant peril in Asia and a major focus for risk assessment in the region.