A new global survey of 1,800 supply-chain leaders has revealed that average response time for supply chains to respond to disruptions is five days, hindering progress on resiliency and risk mitigation.
Algérie Poste (AP), the state-owned company that provides postal services in Algeria, and the National Insurance Company (SAA), the biggest insurer in the country, have signed a service contract for insurance compensation payments through postal establishments.
The IRDAI will deploy bima vahaks (BVs) in every gram panchayat (cluster of villages) before 31 December 2024, the regulator said as it released guidelines for BVs on 9 October.
The lack of consumer trust in insurance companies can be attributed to the inefficiency of disruption methods adopted by insurance incumbents, according to a blog on the website of Wamda, which operates a platform of programs and networks that aims to accelerate entrepreneurship ecosystems across MENA.
The professional intermediary channel business including insurance brokerage has become the third largest distribution for life insurance companies in China after the personal agent and bancassurance channels. It is expected to develop at a relatively fast speed in the next few years.
The Financial Regulatory Authority (FRA) has added telecoms companies and online stores to the list of entities licensed to market microinsurance products.
More than 90% of insurance companies that have multichannel distribution provide access to auto and home insurance products online, according to the Insurance Federation of Egypt (IFE).
The access to online distribution for all insurance product categories should be identical for insurers of all sizes, i.e., qualitative prerequisites and any financial ratio thresholds should be the same, says the Insurance Working Group of the EU Chamber of Commerce in China.
Driven by convenience, the vast majority of Singaporean digital bank customers (83%) would be highly interested in receiving embedded insurance offers based on their transaction data, as would 62% of traditional bank customers.
Techcombank, a commercial bank of Vietnam, and InsurTech CoverGo will jointly launch a distribution tool for life insurance products across more than 300 Techcombank branches and more than 2,000 users in Vietnam.