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Insurtech investment set to skyrocket in Asia Pacific till 2019
Rising margin pressure will compel insurance companies to join the insurtech race.
Insurtech investment set to skyrocket in Asia Pacific till 2019
Rising margin pressure will compel insurance companies to join the insurtech race.
Going Digital
Talks of digitalisation has dominated the financial services industry, and the insurance sector is no exception. A survey by Willis Towers Watson reveals that an increasing number of insurers now regard investment in digitalisation a priority, especially after the sector has lagged behind its financial services peers in adopting digital technologies due to regulations, reluctance, and cost.
Emergence of the InsurTech ecosystem in Asia
2016 has been officially been declared the year of InsurTech. The marriage of insurance and technology infused with entrepreneurial energy, InsurTech is attracting significant investments from the likes of sophisticated VCs who founded the new economy players like AirBnB and Uber.
From hype to reality: Examining the industry's ‘transformation'
Rather than consider the many exciting, and often challenging, technology-enabled developments that lie ahead, I thought for this article I would take a slight different tack. So let’s instead take a look at the reality of our industry from the perspective of where most insurers are today, and against that backdrop, what insurers can do to change.
The future of insurance in a digital world
Disruptive innovation is amongst the most referenced but least predictable trends to impact the insurance industry in a generation and it remains a pervasive challenge for many in this regulated industry. When surveying the insurance landscape across Asia, three key trends continue to play a significant role, leading innovations in theinsurer’s value chain.
Insurance trends in Asia
Customer Centricity and Technology remain the two key themes as the Insurance sector continues to seek growth amidst margin pressures, regulatory demands, and savvy customers in Asia.
How AI is changing the insurance industry
Insurers are beginning to explore the use of AI.
Innovation shakeup hits Singapore's life insurance industry
The industry is grappling with increasing healthcare costs and outdated regulation.
Insurers must embrace investment risk
47% of insurers expect to increase their exposure to risks.
Insuring the uninsurable: Why some people are too risky to insure at any premium
Insurers may refuse to take on certain risks.
Hey insurers: No robo-advisors here
Seven in 10 HWNIs prefer personal service amidst digitalisation.
Are insurers in Asia ready for blockchain?
The first place to start may be in DLT-automated claims processing.
What are the top 5 B2C insurance brands on social media?
Facebook and YouTube are the most popular platforms for insurers.
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Insurers need cultural overhaul in digital push
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Digitalisation seeks to simplify processes, not complicate things.
Digitalisation seeks to simplify processes, not complicate things.
