Wong Sze Keed, chief executive officer of AIA Singapore, says, “While our nation is heading for a post-pandemic recovery, mentally, we are still trying to navigate our way out of COVID-19 uncertainities. It is not enough to only take care of our physical health. This conviction drives our holistic approach to protect the many aspects of our customers’ wellbeing – such as financial, physical, and mental health – to enable everyone to truly lead healthier, longer, better lives.”

SCOR’s Apr 1 Indian renewal kitty swells by 21% to EUR 178 million

Apr 15, 2021

SCOR grew its gross premiums up for renewal by 14.3%2 at constant exchange rates to EUR 600 million, with a 4.3% overall increase in pricing.

The bulk of the portfolio renewed on April 1 (64%) is in the Asia-Pacific region, of which Japan and India are the most significant markets (each accounting for approximately 28-29% of total premiums up for renewal):

3.1 million external attacks on Cloud user accounts in Q4 2020: McAfee report

Apr 14, 2021

“Ransomware and malware targeting vulnerabilities in work-related apps and processes were active and remain dangerous threats capable of taking over networks and data, while costing millions in assets and recovery costs,” Samani added.

Malware was the most reported cause of security incidents in Q4, followed by account hijackings, targeted attacks and vulnerabilities.

Insurance startup Clearcover raises $200 million from Eldridge, others at $1 billion valuation

Apr 14, 2021

The COVID-19 pandemic has reduced the importance of physical networks of agents in insurance and helped “insurtech” providers like Clearcover, which uses artificial intelligence and big data to reduce costs and better target customers.

Global investment in the sector jumped 12% to $7.1 billion for 2020, a record high, according to Willis Towers Watson.

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