APAC

Other factors include incomplete market recovery post-COVID and rising interest rates.

Japanese firms had the lowest days receivable at 42 days.

Solar PV costs dropped in 2023, becoming 56% cheaper than fossil fuel and nuclear options.

They plan to allocate 28% to Asia excluding Japan in the next 12 months.

Top benefits include early fraud detection and prevention at 35%.

These agents are formed by embedding AI with pre-built use cases into enterprise applications.

Tata CliQ has enhanced productivity and efficiency, and delivered a seamless user experience through the cloud services provided.

Globally, the market could reach $32.9b.

74% of respondents reported that fraud cases are either stable or increasing.

Providers are responding with collaboration, led by Oracle.

The manufacturing sector held the largest share of the market in 2023. 

The average premium earned by these companies grew by just 1.3%.

Last year was the fourth straight year insured losses surpassed $100b globally.

Insurance premiums for cyber policies rose by 70% from 2020 to 2022.

Brands For Less continues to expand its reach, adhering to its commitment of making quality retail products accessible to consumers at an affordable cost.

Digital transformation is crucial to address these challenges through digital distribution, microinsurance, big data, AI, telematics, and modern IT systems.