In the dynamic landscape of insurance, combating the pervasive threat of money laundering is a multifaceted challenge. As the regulatory landscape evolves and financial crimes become increasingly sophisticated, the need for proactive measures becomes more urgent. Before we delve into four innovative safeguards, let’s address three critical challenges faced by the industry in its ongoing […]
Misconduct is improper and wrongful behavior that acted by an individual or a group to gain certain benefits without considering the consequences. In the workplace, it is always a crucial issue that may cause huge unwanted loss to the organisations, damage the organisations’ reputation and competitive position, thus it has been recognised as a type […]
The outbreak of Coronavirus disease (COVID-19) since December 2019 has been causing the entire world chaos and threatening human lives with the rapid transmission speed. The total number of confirmed cases have reached to more than 415,000 and nearly 18,500 of deaths based on World Health Organisation (WHO). Many countries had imposed lockdown to combat the […]
Based on McKinsey’s 2019 Global Insurance Trends and Forecast analysis, the annual growth rate of global insurance industry has increased more than 4 percent in 2017, which is the same level as its compound annual growth rate from 2010 to 2016. As the number of policyholders are growing rapidly, the amount of data from different sources will […]