Allianz Asia Pacific (AZAP) is partnering INSEAD, one of the world's leading business schools, to create a training and certification programme aimed at transforming and upskilling the organisation's life and health business agency salesforce.
Cathay Life Insurance, Taiwan's largest insurance company, is utilising technology to better serve customers in areas such as improving health awareness, suboptimal health, and elderly care as part of its new strategy for customers.
China Life Insurance Co and Tokio Marine Newa Insurance Co have recently formed a partnership to cross-sell their insurance products.
Among Taiwan's major life insurance companies, six major players tallied an aggregate after-tax profit exceeding NT$49bn ($1.76bn) in January 2022. This amounted to an increase of close to 3.6% compared to the NT$47.4bn clocked in January of the previous year. Several of these major life insurers broke their monthly profit records or came close to doing so in January.
For conceptualising and implementing strategies including establishing a systematic agent training platform to transform the company's sales force; for helping the company innovate through introduction of new policies and cooperation with a local university; and for spearheading sustainable philanthropy and public services.
Just more than half (50.4%) of the working population, especially the young, believe that they would not have enough retirement funds, according to a survey published by Taiwan Life Insurance and National Chengchi University Business School.
Taiwan's life insurance sector posted a 43.6% jump in premiums from investment-related plans to NT$179.5bn ($6.4bn) for the first six months of this year, according to statistics from the Life Insurance Association (LIA-ROC). The figure accounted for 13.2% of the total life insurance premium income in 1H2021.
Judges gathered online on the 6 May 2021 to deliberate and vote on worthy winners drawn from an impressive shortlist in the final round of judging for the 6th Asia Trusted Life Agents & Advisers Awards.
In a research paper published in the international journal Nature Communications, Ping An AskBob Doctor's smart imaging model for diagnosing pelvic and hip injuries has been shown to overcome the limitation of other artificial intelligence (AI) systems, which can only detect individual fractures.
AI can help the current underwriting process to be more accurate and efficient, according to a recent pilot project conducted by a South Korean medical AI company, Lunit, and Taiwan's Cathay Life Insurance.
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