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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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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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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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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 ...
Insights
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InsureTech Connect Asia and Celent join forces to ignite a thrilling conversation about challenges and opportunities in digital health underwriting. We gathered two insurance experts - Max Ang from Ce ... -
In this series of C-suite Spotlight, Tricia, Director of InsureTech Connect Asia interviewed David Lynch. Group Chief Technology Officer, bolttech on his thoughts on how AI will shape the future of in ... -
In this new series of C-suite Spotlight, Tricia, Director of InsureTech Connect Asia interviewed Stephen Barnham, Global Chief Digital and Information Officer, Dai-ichi Life Holdings on his thoughts o ... -
In this new series of C-suite Spotlight, Tricia, Director of InsureTech Connect Asia interviewed Avinash Naik, President and CIO of Bajaj Allianz on his thoughts on the impact of AI and Machine learni ... -
InsureTech Connect Asia and Celent join forces to ignite a thrilling conversation about cutting-edge technological advancements and trends in the insurance industry. We gathered three insurance expert ... -
Vinay Surana, CEO APAC, Allianz Partners, envisions the future of insurance as experience and insight-driven, focused on prevention and service delivered digitally in an embedded manner. He believes g ... -
During the interview with Samuel Falmagne, CEO & Co-founder of Akur8, he shared the challenges faced by insurance companies, including increasing loss ratios due to inflation and climate events, as we ... -
During the interview with Daniel Thafvelin, Group CEO of Contemi, he expressed optimism about the industry's digital transformation and the use of new technologies and business models. He believes in ... -
In an interview with Adrit Raha, Managing Director, APAC, and Tomas Holub, CEO & Founder, both from CoverGo, they discussed the challenges in employing technology to sell insurance products across APA ... -
Taffy Jo Mayers, Global Head of Commercial Lines at Willis Towers Watson, believes the future of insurance demands providers to become technology companies and data providers. They need to offer speci ... -
In our interview with Arun Prasad, Global Insurance Consulting Leader at Deloitte, he expressed excitement about technology's role in integrating healthcare insurance. Arun highlighted the significanc ... -
Yusuke Nakamitsu, Chief Distribution & Strategy Officer at Dai-ichi Life, shares his impression of the industry in 2023, noting that there have been some difficulties due to interest rate fluctuations ... -
Lee Sarkin, Chief Analytics Officer, APAC, Middle East, and Africa (Life & Health) at Munich Re, is leading the charge in monetizing data to create a truly personalized and convenient buying experienc ... -
In my discussion with Amarit Franssen, CDBO & Co-Founder of Appman, we explored challenges for insurtechs working with major insurers. Complex insurance processes and organizational silos can slow dow ... -
Rohit Nambiar, Group CEO of Tune Protect, reflects on the evolution of the insurance industry and the growing collaboration between insurtech and traditional insurers. Rohit sees the future of insuran ... -
In our conversation with Ekine Akuiyibo, Chief Business Officer from Socotra, we explored challenges startups face when working with major insurers, mainly dealing with the slower process due to risk ... -
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 ...
