Wednesday, December 13, 2017

Digital

China’s life market forecast to become world’s third biggest

China’s life market forecast to become world’s third biggest

McKinsey predicts double-digit growth during the next five years as it shifts focus to pursue value-creation.

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Global firms commit US$1bn to tech start-up investment

Global firms commit US$1bn to tech start-up investment

Ping An among insurers making digital investment in a bid to stay competitive and boost profitability.

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IKBZ plans Myanmar’s first online insurance platform

IKBZ plans Myanmar’s first online insurance platform

The company aims to launch its online platform this month to list its 11 different insurance policies.

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Baidu aims to become major auto insurance seller in China

Baidu aims to become major auto insurance seller in China

Online search giant aims to capture 30% of the market in the next three years.

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Telematics market to hit US$2.21bn by 2020

Telematics market to hit US$2.21bn by 2020

MarketsandMarkets says the telematics market is growing at an annual rate of 20.9%.

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Chinese insurer ZhongAn tops Fintech 100 list

Chinese insurer ZhongAn tops Fintech 100 list

The list, compiled by H2 Ventures and KPMG, also featured six other Chinese companies.

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Internet of things: unique opportunity for Asia insurers

Internet of things: unique opportunity for Asia insurers

Asia’s willingness to adopt technology could help to improve insurance affordability.

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Korea’s online car insurance competition heats up

Korea’s online car insurance competition heats up

A new online insurance supermarket is creating fierce competition among car insurers.

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Korean online insurance supermarket to launch next week

Korean online insurance supermarket to launch next week

The Insurance Damoa website will let customers compare different insurance plans online.

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Allianz teams with Baidu for online China JV

Allianz teams with Baidu for online China JV

The new venture will offer a range of products, including travel, health and internet finance insurance.

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Chinese car insurers to use big data in pricing

Chinese car insurers to use big data in pricing

Usage-based insurance in the Chinese auto sector could be a US$47 billion market by 2020.

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Indian insurers to spend US$2.16bn on IT in 2016

Indian insurers to spend US$2.16bn on IT in 2016

American research firm Gartner says Indian insurers are prioritising IT investments, digitalisation.

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Online insurance still unpopular in Taiwan

Online insurance still unpopular in Taiwan

Regulators aim to remove roadblocks that hamper online insurance sales after a lacklustre year.

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Global cybersecurity spending to hit US$75.4bn

Global cybersecurity spending to hit US$75.4bn

Growth in global interconnectedness is driving spending up, according to Gartner research.

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Malaysians buying more life insurance online

Malaysians buying more life insurance online

U for Life is investing up to M$5m over the next 12 months in its internet platform.

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Generali launches Obi app in Vietnam

Generali launches Obi app in Vietnam

Generali has struck a deal to embed its native insurance app in Obi mobile phones in Vietnam.

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Tencent to set up China’s first Internet-based life insurer

Tencent to set up China’s first Internet-based life insurer

The Chinese internet giant is partnering with state-owned firm Citic Guoan on a new internet venture.

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Alibaba and the disruption of China’s insurance industry

Alibaba and the disruption of China’s insurance industry

Jack Ma’s empire is vying for a significant share of China’s insurance industry through disruptive online innovations.

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Amer Ahmed, Allianz Re

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