Staff Reporter
Why retailers need to scale AI investments
Why retailers need to scale AI investments
Gen AI significantly boosts productivity and cuts industry-wide costs.
Korea's retail industry increases 10.8% in April 2024
April saw a 22.2% surge in online sales.
Pet insurance market set to reach $40.2b by 2033
In the region, China and India have the largest pet population.
Usage-based insurance to propel with a CAGR of 27.6% by 2030
The market is projected to reach $64.29b
India’s non-life sector could see 15% growth in the medium-term
This would be driven by India’s GDP and disposable income levels.
Payment cards lead online purchases in Taiwan
About 94% of Taiwanese consumers engaged in online shopping over the past six months.
7 in 10 educators favour personal mobile data over public networks
70% of respondents remain wary of unknown links and attachments.
SG’s life insurers see 32.2% leap in new business premiums in Q1’24
This is equivalent to S$1.4b.
Generali China deal tops Q1’24 APAC transactions
Generali agreed to buy a 51% stake in Generali China Insurance.
52% of India’s health insurance policyholders indicate a premium increase
The industry’s premiums are expected to rise 10% to 15%.
Hong Kong general insurance GWP to reach $10.9b by 2028
Rising consumer prices can affect the industry’s profitability in the short-term.
Malaysian retail sector sees 173% surge in hiring activity
It was mainly attributed to the industry's adoption of sustainable practices and the booming e-commerce market.
Global M&A rebounds, APAC outshines peers
WTW said this trend was mainly seen in the W&I insurance market.
China's long-term care insurance sees regulation overhaul
Since its launch, the scheme has covered 180 million people.
Hybrid stores reshape airport retail landscape
About 76% of the airports surveyed view hybrid concepts as a long-term trend.
Why are intangible assets more valuable but less insured?
Only 44% of respondents feel prepared for an IP ‘Black Swan’ event, Aon said.
RSM's Jason Yau on enhancing digital capabilities: Foster continuous learning, strategic partnerships, user-centric design, and scalable infrastructure
Organisational inertia and data privacy concerns were cited amongst the challenges faced by companies.
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