The Hong Kong Federation of Insurers has announced the launch of a new anti-fraud database driven by artificial intelligence.
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Top news from the wider insurance industry, including major insurance trends, company news, and industry issues.
Global law firm Clyde & Co has published a new report exploring the risks that man-made climate breakdown creates for businesses and boards.
New research from Mactavish suggests that there is a perception that uncooperative behaviour on the part of insurers is the main reason that commercial insurance claims are either not settled in full or rejected entirely.
The Reserve Bank of New Zealand’s latest Financial Stability Report advises that insurers need to take climate risk into account when making their decisions.
Three men have received custodial sentences after attempting to make fraudulent personal injury claims against Admiral Insurance.
Global insurer Chubb has launched a new terrorism-related protection product for multinational companies and large middle market businesses.
The Brussels Capital Region has launched a major campaign to attract UK insurance and financial sector businesses to Belgium as a firefighting measure against the threat of Brexit.
The China Banking and Insurance Regulatory Commission has given Allianz official approval for the preparatory establishment of an insurance holding company in China.
Spanish insurer MAPFRE has announced that it has pledged to invest US$28.5 million in the Alma Mundi Insurtech Fund. The purpose of the fund is to seek out and identify early-stage startups working on technological propositions that can potentially be adapted to serve the insurance sector. As an anchor investor, MAPFRE will play an integral role to the workings of the fund going forward.
According to analysis firm GlobalData, insurers in the UK’s SME market are being held back by a failure to engage properly with sole traders.
Generali intends to invest around €1 billion in strategic internal initiatives for technological innovation and digital transformation.