Tag "insurtech"
Insurtech Set to Change Asia’s Insurance Market
UBS says that Asia’s underinsured market presents ripe opportunities for insurtech startups. In a UBS report titled Shifting Asia, it noted that Asia is one of the most underpenetrated insurance markets in the world. Emerging Asia held 43 per cent
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InsurTech Is Disrupting Insurance Forever – Will There Still Be a Place for Human Financial Advisors?
Wave after wave of technological disruption has hit us in recent years and it looks like the insurance industry is next in line. Insurtech is the new tradename for an aggressively growing group of apps, software’s, and startups reinventing a
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Fintech in Asia: Adoption, VC Funding and Emerging Trends
Fintech has achieved initial mass adoption in most markets but particularly in developing countries where startups have excelled at tapping into tech-literate but financially underserved populations, according to a new report by EY. Fintech in Asia A survey of more
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InsurTech Turns A Boring Financial Tool Into A Lifestyle Product
A classic insurance product has two main problems: it’s boring, and it doesn’t have an obvious value for a customer who hasn’t had any insurance claims for years. By: Dmitry Rudash, Co-founder Raxel Telematics As a result, the very nature of
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Singapore Poised to Become a Hotbed for Insurtech in Asia
The insurance is on the brink of a major disruption and insurance companies are very much aware of that. According to a survey conducted by PwC, three in four insurers predict disruption of their business over the next five years.
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560MM InsurTech ASEAN Opportunity
As you probably already know, I’ve created InsurTechAsia as a vehicle to drive positive impact through the much needed changes in insurance. Focused on Asia as its the region that I’ve been immersed throughout my corporate insurance career. I fell
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Traditional Insurance Companies Forced By Insurtech To Innovate In 2017
The insurance industry had given us amenities that we take for granted today. For instance, the fire station is the invention of insurance companies. After the Great Fire of London, insurance companies built the modern fire stations to fight fires
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6 Insurtech Startups From Asia to Watch
In Asia, interest in insurtech grows as industry experts and observers perceive the region’s fast-growing economies and underinsured population as an untapped opportunity. While insurtech in Asia is still in its infancy, the sector is growing fast and attracting venture
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BIMA Leverages Mobile Tech to Bring Insurance Products to Developing Countries
With over 20 million customers and operations in 14 countries across Asia, Africa and Latin America, BIMA is a leading insurtech company that uses mobile technology to deliver affordable insurance and health services, and fuel financial inclusion in developing countries.
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Report: Nine out of Ten Insurers Fear Losing Part of Their Business to Startups
Annual investments in insurtech ventures have increased fivefold over the past three year, reaching a cumulative US$3.4 billion since 2010. As investment and interest in insurtech increase, insurers are feeling increasingly threatened by the new innovative ventures that are applying
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