Hong Kong lawmakers are set to deliberate on a groundbreaking piece of legislation next Wednesday, marking a pivotal step towards fortifying the region's cybersecurity defenses. The Protection of Critical Infrastructures (Computer Systems) Bill, gazetted last Friday, aims to establish a legal
In a move poised to revolutionize the life insurance industry, Canara HSBC Life Insurance has introduced OmniGen AI, an advanced artificial intelligence system aimed at transforming the underwriting process. Serving as a sophisticated assistant to human underwriters, OmniGen AI evaluates
Sun Life and IIT Indore are collaborating to revolutionize critical areas in the insurance industry, addressing risk assessment, claims processing, and customer segmentation. By integrating advanced technology, Sun Life aims to enhance client experiences while developing a skilled workforce
The financial landscape of the insurance distribution sector has seen a notable development as B.P. Marsh & Partners recently dedicated a substantial investment of $12.6 million into XPT Group. This significant funding package includes both an equity purchase and a new loan facility, underscoring
Everest Insurance is taking a significant step forward in its international expansion by establishing its presence in the Italian market with the launch of Everest Insurance (Ireland) DAC, Succursale Italiana, headquartered in Milan. This move highlights Everest's dedication to strengthening its
In a significant move aimed at bolstering climate risk management across various sectors, Zurich Insurance Group's Zurich Resilience Solutions division has launched Climate Spotlight, a comprehensive digital tool for businesses, municipalities, and public entities. The newly introduced platform is
In an industry traditionally known for its cautious and risk-averse nature, the growing influence of data and technology is undeniably transformative. According to Sierra Signorelli, CEO of Commercial Insurance at Zurich, leveraging advanced data analytics and technology is becoming essential in
In a significant shift within the insurance industry, B.P. Marsh & Partners Plc has sold Lilley Plummer Holdings Limited, the owner of Lloyd’s broker Lilley Plummer Risks (LPR), to Clear London Markets Limited. Clear, a company majority-owned by Goldman Sachs, considers this acquisition its largest
The collaboration between MIJS Captive Management, LLC, and International Re (I-RE) aims to revolutionize the insurance landscape for mid-market companies by offering bespoke commercial property and casualty (P&C) insurance solutions. Established within the legal services provider Moore Ingram
In the first nine months of 2024, global broking group Aon has reported that the insurance industry faced substantial losses from natural catastrophes, amounting to an estimated $102 billion. Compared to the previous year's $88 billion, this represents a notable increase. With the impact of
