Insurance sector ripe for disruption


SO, it’s not just banks which are facing an Uber moment. The same applies to insurance companies, it seems.

According to a PWC report released in June, close to half of insurers they surveyed fear losing up to 20% of their business to standalone fintech (financial technology) or insurtech (insurance technology) companies within the next five years.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , insurtech , muhammad ibrahim , iot

   

Next In Business News

M&As in the spotlight
GDA INCHES CLOSER TO 90% ACCEPTANCE
Will the JS-SEZ work?
Sime Motors partners with PSM to advance green mobility
Vincent Tan seeks new partner in HSR bid
Economy on steady growth path as November IPI gains
MITI identifies 33 indicators, 32 actions through national competitiveness committee meeting
Uzma gets RM100mil contract extension from PETRONAS Carigali
Ame REIT Unit to launch RM1bil sukuk wakalah programme
Tex Cycle appoints Ho Wai Mun as COO and Lee Junyan as CTO

Others Also Read