Articles
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Global IT spending in the insurance industry reached approximately $210 billion in 2023, and it is projected to grow by 9% annually through 2027. Many traditional insurers have reached a critical tech ... -
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I have three kids; one is a recent graduate, one is in university right now, and one is starting university soon. Each time, I have had to proactively go out and arrange car insurance for them rather ... -
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Looking into 2024, forecasts predict that a staggering 4.7 billion people will embark on journeys across the globe. By 2033, the travel industry is poised to reach a remarkable USD$15.5 trillion, repr ... -
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The global health tech sector is poised for remarkable growth, projected to reach US$504 billion by 2025, with notable advancements seen in regions like Singapore, where health tech startups attracted ... -
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Electric vehicles (EVs) are revolutionizing the automotive industry with their advanced technology at a 5.51% growth rate in the industry. EV insurance is crucial in addressing the unique risks and co ... -
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Since the onset of the COVID-19 pandemic, over 70 million individuals in SEA have transitioned to digital consumption patterns, catalyzing a profound change in the insurance landscape. While tradition ... -
This topic explores the intersection of genetic algorithms and artificial intelligence (GenAI) and its profound implications for the future of insurance automation. Delving into the innovative fusion ... -
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ITC Asia spoke to Chang Li, VP, Insurtech and Fintech, Plug and Play on the InsurTech trends in Japan and customized services and products are increasingly in demand with most industries, including insurance. -
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The APAC Insurtech market could be characterized by significant growth and increased adoption of technology in 2023. The global Insurtech market, to which APAC is a significant contributor, was projected to grow from $10.53 billion in 2022 to $14.37 billion in 2023.
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The Philippines, a bustling country in Southeast Asia, is not only known for its rich culture and stunning landscapes but also for its dynamic insurance industry. While the insurance market in the Philippines has been steadily growing over the years, it still has relatively low insurance penetration compared to other developed nations. -
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Thailand, a country renowned for its vibrant tourism industry, rich cultural heritage, and emerging markets, has faced numerous economic challenges in recent years. As we set our sights on the third quarter of the year 2023, it is vital to address the lingering obstacles that may hinder Thailand's economic growth and development. -
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In conversation with leading industry experts, ITC Asia identified vast potentialities within the Malaysian InsurTech landscape. The country's significant uninsured population, coupled with the increa ... -
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As one of the world's most populous and rapidly developing regions, Asia is facing an ever-increasing range of sustainability challenges. Asia is prone to a high frequency of natural disasters such as ... -
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In a captivating conversation with Andrew Yeo, the esteemed CEO of Income, he shared valuable insights into the collaboration between insurers and banks. The rising affluence and a tech-enabled enviro ... -
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During our conversation with Gang Pei, the Head of North Asia at ReMark, he provided insights on his experience in digital transformation across the various traditional and highly regulated industries ... -
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Data technologies, science and processes are rewriting the claims process and value proposition for customers. Organizations are propelled toward digital transformation to innovate and meet the evolvi ... -
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Innovation is essential for any organization to remain competitive and relevant in today's ever-evolving business landscape. Dai-ichi Life Holdings, one of Japan's leading life insurance companies, un ... -
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If there’s anything that the transition into the new year reminds us, it’s that things don’t slow down. The insurance industry is no different. The last 2 years have been challenging for everyone and ... -
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Cyber insurance has been touted as a “blue ocean” for insurtech start-ups as it holds a lot of potential, especially for those looking to scale up in this space. Global cyber premiums are expected to ... -
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With a population of nearly 1.4 billion and an insurance penetration rate of only 4.2 per cent, India still has a large uninsured population. This translates to a major segment for the insurance secto ... -
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When InsureTech Connect first visited the Singapore Fintech Festival (SFF), we had to look hard to find insurance/insurtech exhibitors and plenary sessions. The world of finance/fintech seemed to be h ... -
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The fact that Japan boasts less than 20 InsurTech startups – far lesser than any other major insurance market – can be surprising to many. Japan’s insurance market is after all the third largest globa ... -
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In 2017, more than half of the global insurers were feeling the heat of competition from insurtech firms in a rapidly digitising world. These insurers, surveyed by PwC, estimated that around 20 per c ... -
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Thailand's insurance industry is headed for an upward growth trend from 2022, offering much promise for the country's insurtech sector. Statistics from data and analytics firm GlobalData reveal that ... -
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Asia is home to a mix of mature, high-growth and developing insurance markets with a robust distribution of products. However, the region has a significant protection gap in terms of protecting agains ... -
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We spoke with Winnie Chua from Policystreet to find out what it is like to operate an InsurTech in Malaysia, about the InsurTech scene there and her overall experience leading the uniquely positioned ... -
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Major Chinese insurtech players such as ZhongAn, WeSure, WaterDrop, OneConnect, The CareVoice and Cheche Technology have been making quite a splash in China’s booming insurance sector over the last fe ...