What does insurance innovation look like in Asia Pacific?
Softbank and Chubb to share their views and initiatives
The Asia-Pacific region is home to a diversity of countries and cultures, with high levels of digitization. According to The Konrad-Adenauer-Stiftung foundation, “…The digitalization process of the economy and society is more advanced in Asia than in probably any other part of the world. The Asia-Pacific region has prepared itself for the impact of the digital transformation and is adapting to the new realities. Asian countries are leading the way in future technologies and trends such as artificial intelligence, autonomous driving, FinTech or e-health. The digitalization landscape in the region is diverse, with national and regional differences in readiness, capitalization, and regulatory capacities of digital transformation, among others…”
Digital neo-insurers, digital payments, super apps, embedded insurance, short term or sporadic insurance, are just a few examples of the digital revolution we are seeing in the insurance industry in Asia-Pacific. Two good examples of how this is materializing in the region are Chubb and Softbank. I will have the pleasure to host a chat at ITC Asia with Gabriel Lazaro, Senior VP and Head of Digital Overseas General Insurance for Chubb and Jun Kashioka, Director for Softbank to understand the opportunity of innovation, how they are moving forward their organizations, and what makes them uniquely positioned to take advantage of the digital revolution in Asia-Pacific. I expect a lot of food for thought as they share their experience and what is needed to succesfully compete in a new world of digital insurance.
For those interested in learning about the wealth of innovation happening in Asia-Pacific, ITC Asia is the right event to attend. it is positioned to be the region’s largest insurtech event and offers access to the most comprehensive and global gathering of tech entrepreneurs, investors, and insurance industry incumbents. From May 30 to June 1, 2023, the industry will showcase new innovations, better productivity for activities on the insurance value chain, alongside upcoming themes, and trends for the industry. These sharing are geared towards the singular aim of enriching the lives of policyholders and to provide a good customer experience for the next generation of insurance service.
Join Celent on May 30 at 2.30 PM SGT, as we discuss Innovation for the Insurance Value Chain, and learn about the success and lessons from different insurers around the globe. And on May 31 at 2.20 PM SGT, where Celent CEO Jamie will share his perspective on Cyber Products Development to Protect the Increasing Digital Risks.
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To find out more about Celent coverage in the APAC region and our podcasts in collaboration with ITC Asia, do visit us over here. If you are attending ITC Asia and would like to schedule a meeting with us, please connect with Aya Hasegawa (ahasegawa@celent.com). if you can't make it and would like to know what's trending in Asia-Pacific and how to take advantage of it for your organization, please also connect with Aya so we can jump into a call to discuss the insurance IT related research and advisory we have available for Celent clients.
