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Asian insurers are well ahead of much of the rest of the world in their willingness to adopt new technologies including artificial intelligence (AI). But the use of such technologies also comes with searching questions for the industry, Stephen O’Hearn, global insurance leader, PwC, told SIRC Today. 30 October 2017
Insurance
Accurate and consistent boundary data is the foundation for managing risk across Asia, Christine Werner from GfK tells SIRC Today. 30 October 2017
Insurance
While the soft market encourages re/insurers to get a better handle on their data, this momentum is unlikely to abate even if the cycle now reverses and the hard market returns, says Frank Fortunato, chief executive of CATEX. 30 October 2017
Insurance
Lloyd’s re/insurance broker RFIB Group said on Oct. 30 that it has launched RFIB (Singapore). The new operation will serve as a hub for the continued development of RFIB’s presence across Asia, according to the statement. 30 October 2017
Insurance
Japan-based Toa Reinsurance Company (Toa Re) and Barbican Insurance Group said on Oct. 27 that they have received ‘in principle’ approval from the Lloyd’s Franchise Board to establish Toa Re Special Purpose Arrangement (SPA 6132) to be backed exclusively by Toa Re. 27 October 2017
Insurance
QBE Insurance has appointed Inder Singh, currently chief financial officer of its Australian and New Zealand Operations (ANZO), as interim ANZO CEO. 27 October 2017
Insurance
Indian reinsurer GIC Re is preparing to launch an IPO. Chairman-cum-managing director Alice G Vaidyan explains the reasons behind it and the company’s plans for the months ahead to Baden-Baden Today. 23 October 2017
Insurance
Ironshore Insurance Singapore branch said on Oct. 19 that it is increasing the capacity for political risk business lines within the Political Risk & Trade Credit unit as demand grows. 19 October 2017
Insurance
German insurer Allianz has reached an agreement to sell part of its traditional life insurance portfolio in Taiwan to China Life Insurance. 19 October 2017
Insurance
Re/insurer XL Group is to acquire a 20 percent stake in India’s Mahindra Insurance Brokers (MIBL), according to an Oct. 16 press release. 17 October 2017
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