An October report in The Lancet scientific journal estimates the...
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Boeing ordered to pay over $28 million to 737 MAX crash victim’s family
The verdict awarded to the family of Shikha Garg is the first in...
Zurich Insurance invests $170 million into APAC private debt
US life insurers have ramped up private debt investments,...
China accuses US of committing $13 billion bitcoin hack
The Chinese government has recently become increasingly vocal in accusing the American government of hacking campaigns China’s cybersecurity agency accused the American government of orchestrating the theft of about $13 billion worth of Bitcoin, representing China’s...
Banks at crossroads as AI costs rise and risks escalate: S&P Report
In terms of risk management practices, the report pointed out that deploying AI technologies introduces new technical risks and increases reliance on third-party vendors. At the same time, AI can help banks improve risk identification, monitoring, and pricing. New...
Willis and Rare partners to launch innovative insurance solution for fishers in the Philippines
Christopher Au, Head of APAC Climate Risk Centre, at Willis, said: “With over 1.9 million registered small-scale fishers relying on the nearshore for their livelihoods, the impacts of climate change, such as high winds, rough seas and heavy rainfall, pose increasing...
Google sued for secretly amassing user data via Gemini AI
In the past, users of Gmail, Chat and Meet were given the option to turn on Google’s artificial intelligence program. But in October, the Alphabet Inc. unit “secretly” turned on Gemini for all those applications, enabling it to collect private data “without the users’...
Hexaware launchs advanced insurance solutions,deepens Google Cloud partnership
The offerings strengthen Hexaware's collaboration with Google and reflect a shared focus on accelerating digital transformation through automation, AI, and scalable cloud-native architectures for the insurance industry.Hexaware's parametric claims solution automates...
Asia’s wealthy families unprepared for successive planning as their fortunes near $99 trillion
Chaotic handovers have the potential to freeze assets in legal disputes, fragment family empires, and destabilize companies that have grown rapidly but lack the governance structures that many Western dynasties built over generations Asian private wealth is projected...
Aon launches AI-enabled claims copilot
“It empowers our professionals to turn insight into action, helping clients achieve faster claims resolution, maximize recoveries, and make better informed risk and coverage decisions,” said Joe Peiser, CEO of Commercial Risk at Aon DUBLIN: Aon plc, global...
Hurricane Melissa triggers 100% payout of $150 million World Bank Catastrophe Bond for Jamaica
Catastrophe insurance backed by catastrophe bonds are part of the World Bank’s Crisis Preparedness and Response toolkit which provides developing countries with an innovative suite of tools to better respond to crises and prepare for future shocks. This includes fast...
Willis launches Data Centre Practice in Asia
The Data Centre sector in Asia is experiencing unprecedented growth, with the region likely to be the fastest growing one for data centre colocation over the next five years.According to Global Data, the pipeline of data centre construction projects is estimated to be...
Super Typhoon Fung-wong slams into Philippines, two dead
The typhoon could cover two-thirds of the Southeast Asian archipelago with its 1,800-kilometre-wide rain and wind band, forecasters said. It approached from the Pacific while the Philippines was still dealing with the devastation wrought by Typhoon Kalmaegi, which...