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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. -
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 ... -
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 ... -
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 ... -
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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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 ...
Insights
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Rob Schimek, Group CEO of bolttech, highlights the success of their recent $196 million Series B fundraising. He emphasizes the need for a differentiated business model and financial discipline to att ... -
Yuda Wirawan, Chief Marketing Officer at JAGADIRI, highlights that customers have become more risk aware, especially during the pandemic era. As a result, there is an increased understanding of the im ... -
Jonathan Rake, CEO APAC of Swiss Re, shared his outlook on corporate insurance in the Asian Pacific region, acknowledging a good start but foreseeing challenges ahead, such as macroeconomic risks, inf ... -
Sara Lamsam, CEO of Muang Thai Life Assurance, emphasizes the need for insurers and insurtech companies to work together to provide a better end product for customers. Personalization and convenience ... -
Sandeep Dadia, CEO of Aditya Birla Insurance Brokers, notes that the insurance industry in India has performed well this year, with a focus on technology to improve customer experiences and reduce und ... -
Get ready to be inspired as we dive into our conversation with Julie Kim, a trailblazing CEO in the industry. She sheds light on her personal journey as a woman navigating the business landscape and d ... -
In our interview with Cindy Kua, CEO & Co-Founder of Sunday, she highlighted their focus on providing better and faster services. Partnering with the right companies for a complete digital experience ... -
Russell Higginbotham, CEO of Reinsurance Solutions at Swiss Re, emphasizes the use of technology to improve efficiency and cost-effectiveness for customers. The main challenge for the industry is clos ... -
Joseph Yew, CIO of MSIG Asia, discusses the changing landscape of insurance products and services driven by consumer expectations, evolving business models, and regulatory developments. He identifies ... -
Regarding trends in the insurtech space, Arijit Chakraborty, Managing Director at Cover Genius mentions the shift from marketplace models to digitizing insurance companies. He emphasizes that embedded ... -
Prashant Agarwal, Head of Digital Marketing at AIA, discusses the collaboration between insurance and insurtech industries. He believes there is good collaboration, but more needs to be done. The chal ... -
Here are some event highlights from InsureTech Connect Asia 2023, which was held from 30 May - 1 June 2023 at Sands Expo & Convention Centre. -
Join Christina Cai as she brings forth valuable insights into the gaps prevalent in life underwriting. She discusses the application of new technologies and digital tools to bridge the gap between cus ... -
Thomas Dijohn highlights the transformative impact of the digital economy and how there is an immense potential for insurers to leverage digital technologies, data analytics, and customer engagement s ... -
In a candid interview, Soo Meng shares his vision for a revolutionary insurance landscape as he unveils the power of data and technology in creating a more inclusive and accessible insurance industry. ... -
Prepare to be captivated by our conversation with Srinivasan Varadharajan, Senior Director of Financial Services at HCLTech. Srinivasan shed light on the remarkable potential of embedded insurance in ... -
Join us in uncovering the future of insurance as we engage in a conversation with Arvind Swami, Head of Financial Services – APAC at Red Hat. Swami emphasizes the increasing customer centricity in the ... -
Marshall Lee, Managing Director and Head of Climate & Sustainability Strategy for Marsh Asia, sheds light on the evolving landscape of climate change and sustainability, particularly in the ASEAN regi ... -
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 ... -
In a thought-provoking discussion, Philippe Vezio, Deputy CEO & Chief Underwriting Officer of Tokio Marine Asia, sheds light on the immense challenge posed by the protection gap and the crucial role o ...