Tag "insurtech"
Cyberport’s Incubatees PortfoPlus and 10Life Aim to Simplify Insurance
Hong Kong’s insurance industry worth US$66 billion (HK$552 billion) in the past years has provided a fertile ground for the digitalisation push by innovative insurtech startups in the region. The current pandemic has created a positive shift to accelerate digital
Read More
Understanding What’s Behind China’s Booming Insurtech Scene
In 2013, ZhongAn was established as the first online-only insurance company in China. Since then, the insurance industry has undergone tremendous changes driven by advances in technology. China’s insurance market has grown rapidly over the past few years. In 2017,
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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.
Read More
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
Read More
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
Read More