Vendors
日本語
search
  2. //
  3. Reports & insights
  4. //
  5. Insurtech in Asia: Changing the Rules of the Game

Insurtech in Asia: Changing the Rules of the Game

Create a vendor selection project
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
We are waiting for the vendor to publish their solution profile. Contact us or request the RFX.
Projects allow you to export Registered Vendor details and survey responses for analysis outside of Marsh CND. Please refer to the Marsh CND User Guide for detailed instructions.
Download Registered Vendor Survey responses as PDF
Contact vendor directly with specific questions (ie. pricing, capacity, etc)
15 June 2017
Wenli Yuan

Insurtech companies are challenging incumbent insurers all across Asia.

Abstract

NEW YORK -- Celent has released a new report titled Insurtech in Asia: Changing the Rules of the Game. The report was written by Wenli Yuan, a Senior Analyst with Celent’s Asian Financial Services practice.

Fintech startups are changing the nature of the financial industry. Insurtech companies are challenging incumbent insurers all across Asia, in Singapore, China, Hong Kong, India, Malaysia, Thailand, the Philippines, and Indonesia.

Many countries have established regulatory “sandboxes,” relaxing some regulations to allow fintech firms to experiment with new business models and products. Insurtechs are disrupting the insurance industry in areas including customer acquisition and communications, products, claims management, and data intelligence, as well as creating new ecosystems. This report profiles over 30 noteworthy startups in the region.

“Consumers want interesting and consumer-centric products, and as of yet traditional insurers have not delivered,” commented Yuan.

“Celent suggests that insurers view insurtech as an opportunity rather than a threat, explore the possibility of new partner models, and follow the market for insight and idea creation,” she added.

Client Access