Insurers will need to adopt AI, geospatial tools and specialist partnerships as conventional underwriting models struggle to keep pace with fast-evolving risks, says Japan's NTT Data.
A massive expansion in Asia’s middle class means that demographic change will be accompanied by an evolution in the type of health and wealth management products that Asian insurers offer.
Report by insurtech shines a light on importance of digital channels, with younger generations generating over US$240m in premiums for the past year alone.
