New China Life Insurance Co., Ltd. has announced commendable financial outcomes for the first half of 2024, marking a significant period characterized by solid performance and strategic financial management. The results underscore resilient earnings within a competitive marketplace, instilling
As the first half of 2024 came to a close, the U.S. insurance industry experienced significant signs of surplus recovery, driven primarily by notable gains in capital and improvements in underwriting. Despite looming threats such as natural disasters, cyber risks, and inflation, the industry
The U.K.’s insurance market is facing scrutiny from the Financial Conduct Authority (FCA) over concerns that its current state may be failing to protect consumer interests. This article explores the intricacies of the issues at hand, including the role of commission structures, potential m
Cycling businesses in the UK are encountering a transformative phase, thanks to the recent partnership between Bikmo, a leading InsurTech firm, and the Association of Cycle Traders (ACT). This relationship promises to deliver tailored insurance solutions that address the unique challenges and needs
As we delve into the leading causes of home insurance claims for 2024, it becomes evident that accidental loss or damage remains the most frequent reason for homeowners to seek insurance compensation, accounting for a significant 29% of all claims. This includes everyday occurrences such as
In a significant data breach, four major Japanese property and casualty insurance companies—Mitsui Sumitomo Insurance Co., Aioi Nissay Dowa Insurance Co., Sompo Japan Insurance Inc., and Tokio Marine & Nichido Fire Insurance Co.—have found themselves at the epicenter of a cybersecurity crisis. T
Predictive analytics, a technology that utilizes historical data to predict future outcomes, is revolutionizing the insurance industry in unprecedented ways. This cutting-edge approach enhances various facets of insurance operations, including risk assessment, pricing accuracy, customer retention,
In a world where technology constantly evolves, consumers' priorities shift in remarkable ways. This trend is strikingly evident in the insurance industry, where recent surveys reveal that consumers increasingly favor technology-enhanced services over lower costs. The Insurity 2024 Severe
Japan's general insurance sector has faced significant challenges and dynamic shifts over recent years. With a deep recession impacting growth in 2023, the industry's pathway to recovery offers critical insights into prevailing economic conditions, market trends, and evolving consumer
The RegTech industry, short for regulatory technology, is on the brink of a transformative era driven by advanced technology. As financial regulations grow increasingly complex, financial institutions are turning to RegTech solutions for efficient compliance management. By 2034, the RegTech market
