May 19, 2017

Zurich Insurance deploying robots to decide personal injury claims

Zurich Insurance is deploying artificial intelligence in deciding personal injury claims after test trials cut the processing time from an hour to just seconds, its chairman said. “We recently introduced AI claims handling … and saved 40,000 work hours, while speeding up the claim ...

AIG names Hamilton's Brian Duperreault its seventh CEO since 2005

/ May 16, 2017

AIG names Hamilton's Brian Duperreault its seventh CEO since 2005

American International Group Inc. named Brian Duperreault, one of the most experienced managers in the property-casualty insurance industry, to be the company’s seventh chief executive officer since 2005 and improve results at the operation selling coverage to commercial clients. Duperreault, who spent time at ...

Japan insurers set to use health data to set premiums

/ Feb 6, 2017

Japan insurers set to use health data to set premiums

Health data such as exercise times, sleep length and heart rates recorded on wearable devices will soon be used to forecast a person’s vulnerability to diseases and estimate appropriate medical insurance premiums. The insurance industry is just a step away from developing such tailor-made ...

Jan 4, 2017

In shift away from JGBs, Nippon Life looking to acquire U.S. firms

Nippon Life Insurance Co. President Yoshinobu Tsutsui has indicated that his company will consider targeting mainly U.S. life insurers and asset management companies under its business acquisition strategy abroad. The United States has a wide range of companies and strong growth potential, Tsutsui said ...

Sep 30, 2016

Japan starts talks on farmer income insurance in response to TPP

The government and the ruling bloc started talks Friday on a proposed insurance program to cover possible falls in farmers’ income stemming from free trade deals. The insurance scheme is intended in particular to help cushion any impact on farmers when the Trans-Pacific Partnership ...