Insurance
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Revolutionizing Insurance: The Role of Agentic AI in Modern Operations
In the digital era, insurance operations are experiencing a profound transformation, powered by Agentic Artificial Intelligence (AAI). Vasudev Daruvuri, an expert in AI-driven system architectures, examines how advanced automation is…
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Great Eastern Q4 profit falls 14% to S$134.8 million, reflecting medical insurance provisions
GREAT Eastern on Tuesday (Feb 25) pointed to provisions made for its medical insurance business as the primary reason its net profit fell 14 per cent to S$134.8 million for…
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Travelers Says California Wildfires Cost Its Insurance Business $1.7 Billion
A house engulfed in flames in California. AFP The Travelers Companies, Inc. reported a $1.7 billion pre-tax loss ($1.3 billion after-tax) due to the wildfires that devastated California. The losses…
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China starts pilot project allowing insurance funds to invest in gold
CHINA, the world’s biggest bullion consumer, will allow some of its insurance funds to buy gold for medium- and long-term asset allocations as part of a pilot project, the country’s…
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Veteran bankers Eric Tham and Tan Jeh Wuan to join board of Raffles Medical’s insurance unit
VETERAN bankers Eric Tham and Tan Jeh Wuan have been designated to the board of Raffles Health Insurance as non-executive and independent directors, with effect from Feb 1, 2025. Commenting…
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Revolutionizing Dental Insurance with AI: Streamlined Claims and Enhanced Compliance
Rule-based AI systems are transforming dental insurance claims processing by streamlining workflows, reducing errors, and enhancing compliance. Through automation, these systems simplify complex processes and improve efficiency. Pravesh Nikhare highlights how AI…
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China unveils plan to encourage insurance funds into stock markets – The Business Times
CHINA said on Wednesday (Jan 22) it will guide big state insurers and commercial insurance funds to increase investments in the A-share market, in a latest move to boost its…
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No Home, No Insurance: The Double Hit From Los Angeles Fires
As he looks at the ruins of his home razed when deadly fires tore through the Los Angeles area, Sebastian Harrison knows it will never be the same again, because…
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New Orleans Man Admits to Staging Car Crashes for Insurance Payouts, His Role in Killing Partner Who was Going to Testify Against Him
A New Orleans man has pleaded guilty to his involvement in a massive auto staged crashes scheme in New Orleans, a case that has now been tied to a murder…
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Devastating LA Fires Expected To Push Up Insurance Premiums
The fires ravaging upmarket Los Angeles districts Pacific Palisades and Malibu will be the most expensive ever to hit California, according to experts, who expect premiums to rise in a…
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OCBC sells stake in Hong Kong Life Insurance for HK$589.3 million
The sale is not expected to have an impact on the group’s net tangle assets or earnings per share OCBC has agreed to sell its entire stake in Hong Kong…
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Accused Killer Of US Insurance CEO Pleads Not Guilty To ‘Terrorist’ Murder
The man accused of gunning down a health insurance executive in a brazen hit in New York that sparked fierce debate about the industry pleaded not guilty Monday to state…
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Michael Moore Wants to ‘Pour Gasoline’ on Anger Toward Health Insurance Industry: ‘The Anger Is 1000% Justified’
Security footage of the assassination of UnitedHealthcare CEO, Brian Thompson. Luigi Mangione is in custody accused of committing the murder. [right] Filmmaker Michael Moore, mentioned in Mangione’s alleged manifesto, has…
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Allianz confirms withdrawal of offer for Income Insurance
ALLIANZ said it has withdrawn its pre-conditional offer to buy at least 51 per cent of the shares in Income Insurance. “We respect the Singapore government’s decision,” Renate Wagner, the…
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Allianz scraps proposed acquisition of Singapore’s Income Insurance: source
Allianz has scrapped a proposed US$1.5 billion euro (S$2.1 billion) acquisition of a 51 per cent stake in Singaporean firm Income Insurance because of public opposition to the deal, a…
