News
Compliance screening strains insurers amidst 81% manual fixes
13+ hour, 7+ min ago (201+ words) Survey shows mixed or manual processes remain common making automation a top priority. Insurers are under pressure to modernise compliance screening as 75% have reported delates in data updates, according to an LSEG Risk Intelligence survey of compliance professionals. The sector…...
Zurich Malaysia launches EV insurance with charger cover
3+ mon, 3+ week ago (135+ words) Zurich has also partnered with Gentari Green Mobility to boost EV charging visibility. Zurich Malaysia has launched Z-Driver EV Protect, an insurance and takaful add-on for electric vehicle (EV) owners. For $28.5 (RM120), it covers EV batteries, home wall chargers, portable charging…...
Insurance Asia Awards 2025 Winner: Millicent Cadorniga of Cebuana Lhuillier Insurance Brokers, Inc.
4+ mon, 3+ week ago (81+ words) Insurance Asia Awards 2025 Winner: Millicent Cadorniga of Cebuana Lhuillier Insurance Brokers, Inc. Millicent Cadorniga of Cebuana Lhuillier Insurance Brokers, Inc., highlights how their digital innovation is transforming the Filipino experience. CLIB's commitment goes beyond selling policies, aiming to make financial…...
With Asia’s population getting older, the insurance industry has a chance to step up
4+ mon, 3+ week ago (740+ words) Some events that affect the insurance industry, such as floods or fires, happen all of a sudden. Others are more like tectonic plates'immensely powerful, but slow-moving. Asia's changing demographics are one of these." All across the region, birthrates are falling....
Auto insurers under strain from high-tech repairs
6+ mon, 1+ week ago (406+ words) Fixing EVs is expensive, leading many to declare these as a loss. Car insurers in the Asia-Pacific region are under pressure to raise premiums due to rising costs from more frequent road accidents and expensive car repairs. In Australia, Japan,…...
Japan faces harsher commercial insurance terms
10+ mon, 2+ week ago (317+ words) Four major insurers have adopted stricter underwriting practices. Japan's commercial insurance market is tightening as major domestic insurers shift from growth-driven sales to profit-focused underwriting, according to Aon's Q4 2024 Global Insurance Market Insights Report. Four leading insurers, which control 90% of the…...