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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.
