While automation and AI promise faster and more personalised services, online penetration remains limited in life and health insurance due to product complexity and the demand for financial advice.
American International Group Inc (AIG), together with IBM and Standard Chartered Bank plc, have successfully piloted the first multinational, “smart contract” based insurance policy using blockchain, ...
Asia Insurance Review boldly projects that Myanmar’s market could generate premium volume of US$2.8 billion in 2030. Myanmar could conceivably quadruple the size of its economy from US$45 billion in ...
Bancassurance in Asia is still an emerging channel, but it is making significant inroads both in emerging markets such as China and India and developed markets such as Japan. Mr Neil Katkov, SVP, Asia ...
In May, Sri Lanka was hit by the worst floods in 27 years which experts believe was a result of climate change. They caused economic losses of over US$2 billion. A disaster insurance scheme undertaken ...