How can InsurTechs secure strong growth in emerging economies?
September 16, 2021
The growth of InsurTech in emerging markets can be commonly attributed to two key factors – the presence of big players entering the emerging economies and the growth of smaller native InsurTechs piercing their local markets and targeting unmet needs. This combination is creating a hyper-competitive market for insurers globally.
Whilst the insurance market still has some key known big players – AXA, UnitedHealth and Allianz to name a few – the industry is beginning to see an opening in competition as smaller, more nimble organisations eat into their market share.
Life.io president and CMO Muriel Petri believes the widening disruption of the insurance industry is helping the market mature and is giving upstarts an opportunity to take on larger firms.
Click here to read the full article by FinTech Global