MDRT (Million Dollar Round Table), The Premier Association of Financial Professionals®, was proud to sponsor the Asia Insurance Review's 29th Asia Insurance Industry Awards' (AIIA) "Life Insurance Company of the Year" category, which was awarded to HSBC Life (International) Limited on 3 November at the Awards Ceremony at Marina Bay Sands Expo & Convention Centre, Singapore.
Nearly two-thirds of individuals believe that agentic artificial intelligence (AI) will play a supportive role in the insurance industry, with humans still in the background, whilst 18.4% think it will replace human agents and the remaining 17.3% believe that AI will play a minimal role and human interaction is essential.
Tata AIA Life Insurance has launched its new Underwriting Rule Engine (URE), a digital platform that uses artificial intelligence and big data to make buying life insurance faster and more transparent.
Prudential Assurance Malaysia Bhd (PAMB) and UOB Malaysia have introduced PRUSupreme Legacy, an insurance plan tailored for flexible financial planning for families with global ties.
CTF Life has partnered with Gleneagles Hospital Hong Kong, CUHK Medical Centre, and Hong Kong Baptist Hospital to boost its medical service network.
AIA Australia has launched a campaign promoting healthier habits that improve physical, mental and financial wellbeing.
Allianz Life Insurance Malaysia Berhad (Allianz Life) has unveiled AssuredLove, a new feature that empowers life insurance policyholders with the choice of flexible death benefit annual payouts over five or ten years, ensuring tailored financial stability for beneficiaries.
The country's financial regulator has said that holders of certain types of life insurance will be able to monetize their policies and receive them as pensions to help them cover their later years of life.
Sumitomo Life Insurance is considering the use of digital technologies, including generative AI, to assist its sales agents, said its President Yukinori Takada.
Muang Thai Life Assurance has launched a new investment-linked life insurance product, mDesign, with premium payments of 3, 5, and 10 years, offering life insurance coverage up to age 99.
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