Ahmad Zaki

Singapore

Deputy Editor at Asia Insurance Review

Writer, geek. I am also invincible. Journalist for Asia Insurance Review.

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Articles

Hannover Re to buy Swiss Re's Australian direct life insurance portfolio

1 week ago | asiainsurancereview.com | Ahmad Zaki

Hannover Life Re of Australasia (HLR Aus), a unit of Hannover Re, has agreed to acquire the Australian direct life insurance portfolio from Swiss Re Life & Health Australia, operating under the iptiQ brand. The financial terms of the deal remain undisclosed. The transaction is scheduled for completion within 18 months, contingent on approval by the Federal Court of Australia and other regulatory bodies.
NPC and Insurance Commission issue Joint Advisory on privacy enhancing technologies in the insurance industry

2 weeks ago | asiainsurancereview.com | Ahmad Zaki

The Advisory addresses the adoption of PETs in the insurance industry, which may supplement existing privacy-preserving practices to mitigate data privacy risks and ensure protection of personal data processed by personal information controllers (PICs) and personal information processors (PIPs).
Reported losses from scams fell 26% in 2024

2 weeks ago | asiainsurancereview.com | Ahmad Zaki

This report combines data from Scamwatch, ReportCyber, the Australian Financial Crimes Exchange, IDCARE and Australian Securities and Investments Commission (ASIC). According to the combined data, scam reports also fell by 17.8% to 494,732 scam reports for 2024 compared to 601,803 in 2023. “While we are encouraged by the drop in reported financial losses, we acknowledge scammers are sophisticated and highly motivated criminals.
Japan insurers see growth through reinsurance and M&A

2 weeks ago | asiainsurancereview.com | Ahmad Zaki

Premium income has been elevated since 2021, driven primarily by an increase in sales of single-premium savings-type products, but life insurers face stagnating demand for traditional life insurance products. AM Best expects new business sales to remain strong, but sluggish growth for in-force premiums.
Life insurance under pressure as import tariffs trigger major volatility

2 weeks ago | asiainsurancereview.com | Ahmad Zaki

The industry of life insurance is projected to still face severe pressure by 2025. After posting a significant decline in investment yields over the past year, the sector is now again overshadowed by global sentiment-fuelled market turmoil, including rising tariffs on imports by US President Donald Trump.
Compromised machine identities rises as major cause of security breaches

1 month ago | asiainsurancereview.com | Ahmad Zaki

78% of Asia Pacific organisations have experienced at least one certificate-related outage in the past year, marking a significant increase compared to previous years. Additionally, 78% of Asia Pacific security leaders also reported security incidents or breaches due to compromised machine identities. Machine identities—including certificates, keys, secrets and access tokens—are exploding amid the rise of AI adoption, cloud native innovations and shorter machine identity lifespans.
Malaysian takaful to strengthen in 2025 with regulatory reforms, economic stability

1 month ago | asiainsurancereview.com | Ahmad Zaki

Several regulatory enhancements from the country’s central bank are set to strengthen Malaysia's insurance industry. Bank Negara Malaysia’s RBC2 framework aims to align with global capital standards and will become effective in January 2027. Changes include adjustments to the ringgit yield curve, reserve requirements and changes to capital risk charges, including the introduction of a catastrophe risk.
Cyclone Alfred may cost Australian insurers over $1.3bn in losses

1 month ago | asiainsurancereview.com | Ahmad Zaki

The cyclone is tracking to hit the southern Queensland coast on March 7, 2025. This highly populated location is more southern than typical cyclone hits. The current parameters appear to match, or exceed, some of Australia's largest natural catastrophes in the past ten years, said S&P Global Ratings in a recent report.
AAUI to continue monitoring Jakarta floods

1 month ago | asiainsurancereview.com | Ahmad Zaki

There were no immediate reports of casualties after the latest deluge, but parts of the city, home to around 11m people, ground to a halt as whole neighbourhoods were swamped in muddy water. The Indonesian General Insurance Association (AAUI) has stated that the impact of the floods is still in the monitoring phase.
Ping An enhances recruitment experience with AI

1 month ago | asiainsurancereview.com | Ahmad Zaki

This new system uses natural language processing and machine learning technology to perform keyword matching and semantic analysis on resumes, accurately identifying students who meet the job requirements. These AI innovations not only reduce the workload of HR staff and avoid screening error and evaluate resumes efficiently to match graduate talent with suitable positions faster than before. The AI interviewer function provides students with a flexible interview experience.