Insurance

The Malaysia motor insurance market has been undergoing a process of liberalisation since 2016, growing in net earned premium value year-on-year ever since. The Malaysia motor insurance market is expected to grow to a value of $2.4bn in 2023...

Under the new longevity insurance deal, CSS Pension Plan will transfer longevity risk for CAD660m ($501.49m) of pension plan liabilities to Co-operators The Co-operators, a Canadian insurance company, has signed a new longevity insurance deal with the Co-operative Superannuation Society...

Shift Technology, a provider of AI-native fraud detection and claims automation solutions for the global insurance industry announced its fraud detection technology has been selected by digital native neo-insurance company Luko. Since its launch in May 2018, Luko has been...

HDFC Limited has completed the acquisition of 50.80% share of Apollo Hospitals Group, in Apollo Munich Health Insurance Company Ltd. (Apollo Munich) for INR1,485.14crore and 0.36% shareholding held by employees for INR10.67crore. The acquisition was approved by the Competition Commission...

The buzzwords in corporate boardrooms, these days, are “big data” and “data analytics.” And the insurance sector is no exception! The way insurance is being underwritten in today’s world is fast changing. And feeding this massive data revolution is...

Fintech Nucoro has announced the extension of its wealth management focused white-labelled technology to the insurance sector. According to Nucoro, combining insurance with digital wealth management (WM) solutions is an easier way to pull customers into insurance-related services. More insurers...

Insurance brokerage firm AssuredPartners has acquired Star & Shield Insurance Services to expand its presence in the US state of Florida. Based in Tallahassee, Florida, the acquired firm offers low-cost insurance for first responders, their families, friends, and neighbours. It...