Tag "insurtech"

How Tencent is Trying to Fill China’s US$805 B Insurance Gap Using Social Media

Over the past years, China’s Internet giant Tencent has been expanding its strategic positioning in the insurance industry. The Chinese firm’s latest move has been to lead Xiaobang Guihua’s RMB 200 million (US$28.4 million) Series B equity funding round in

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How Will Driverless Cars of The Future Be Insured?

Self-driving cars have been touted that as the future of transportation by many, including the likes of Elon Musk who claimed that Tesla will roll out “truly self-driving cars” by 2020, which in case you have noticed, is only a

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Digital Insurance Grown 20 Times but Traditional Channels Still Dominant in China

The insurance industry is on the brink of a major transformation, driven by factors such as macroeconomic development, changing consumer expectations, technological innovation and increased competition, according to a recent insurtech report by jointly published by ZhongAn and KPMG. In

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Globally, Insurtechs Received over US$1 Bil in Funding Q1 of 2019

Insurtech investment continued its momentum with 85 deals totaling US$1.42 billion recorded in Q1 2019, marking the third-straight quarter to register more than US$1 billion in funding. Over Q4 2018, the deal count increased by 35%, although total funding decreased

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AI for Impact: Delivering Value in the Near Term

AI is not new, and most agree it will shape the insurance industry well into the future – but how can you maximise the value from it today? In the latest InsurTech Rising Bytes podcast series this expert panel explore

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Prudential Launches InsurTech Innovations to Streamline Hospital Claims Process

Prudential Hong Kong has taken a stride forward in its digital capabilities with the launch of two innovations, “Hospital to Prudential” and Chatbot Claims, which will help redefine the way consumers and medical professionals manage hospital claims in Hong Kong.

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Fintech In China: What To Expect In 2018

Traditional financial centers such as London and New York are witnessing increasing pressure from Chinese cities such as Beijing and Shenzhen which are quickly becoming front runners in the fintech race. By many measures, China can already be considered the world leader

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Insurance’s Digital Future – 3 Crucial Questions

Insurance is an industry at a turning point. Few could have predicted that ‘innovation’ would become one of its watchwords, but as the digital revolution spurred on by InsurTech gathers pace fundamental changes are beginning to take hold. As we

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Hong Kong Welcomes New Fintech Regulations And Initiatives

Hong Kong is ramping up its support for fintech and insurtech innovation with new rulings and bold initiatives that are intended to accelerate development and facilitate collaboration. Many of these initiatives are being undertaken by the Hong Kong Monetary Authority

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Fintech: New Report Urges Hong Kong To Take Proactive Steps

Fintech is set to transform the financial services landscape and presents both opportunities and challenges. But for Hong Kong to capitalize on the trend and become a leading fintech center within the region and one of the leading centers in

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