AI transforming global insurance, but needs good governance

Kicking off the third and last day of the 2025 Singapore International Insurance Conference, Andrea Scascighini, chief underwriting officer for Casualty at Swiss Re, highlighted the significant impact of artificial intelligence (AI) and technology on the insurance sector. Pointing to Asia’s technological dynamism, he referenced China’s transition to a cashless society and Singapore’s biometric airport systems as examples of how technology is reshaping everyday life.