Nan Shan Life Named Asia's Insurance Company of the Year

Nan Shan Life, awarded Life Insurance Company of the Year, highlights its emergency response strategies and AI initiatives that enhance its resilience amid global challenges. The company aims to adapt to changing demographics in Taiwan through service and digital empowerment, focusing on sustainability and health. Meanwhile, Nigeria's economy shows resilience with GDP growth, particularly in the financial services sector, but faces disparities with the real economy, prompting calls for policy reforms. In the U.S., insurance fraud cases, including a former Iowa agent's conviction and a Missouri farmer's guilty plea, dominate headlines, alongside lawsuits stemming from severe weather events. Florida's insurance market struggles with rising reinsurance costs affecting mobile home coverage amid new flood insurance requirements due to updated maps. Lastly, the insurance brokerage sector faces challenges from digital transformation, necessitating the adoption of advanced technologies to meet evolving client expectations.