Cliff Sheng, Partner and Head of Financial Services, Greater China, Oliver Wyman

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Notwithstanding the tremendous scope and opportunity for certain simple products — such as travel insurance and shipping return insurance — in the Chinese insurtech market, several products such as auto insurance and universal life insurance face uncertainties owing to the following four factors:

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Cliff Sheng, Partner and Head of Financial Services, Greater China, Oliver Wyman

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Insurtech is revolutionizing the insurance industry by bringing disruptive products and services to a market that is fast adopting, and increasingly moving toward, an online ecosystem. The market is also seeing a surge in the number of people who are aware of and are starting to understand the benefits of insurance.

Continue reading…

Cliff Sheng, Partner and Head of Financial Services, Greater China, Oliver Wyman

Contact

China’s capital markets aren’t yet mature enough to support financial innovation; meanwhile, existing state-owned financial institutions are not reforming quickly enough. This gap in supply has provided opportunities for Chinese fintech players — who are being supported by rapidly growing online ecosystems and a tech-savvy population — in diverse fields ranging from investing to payments.

Continue reading…

Here we review recent GC Capital Ideas posts on the growing interest in insurtech and its impact on the insurance industry.

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Here we review recent GC Capital Ideas posts on how technology innovation is shaping (re)insurance decision makers’ expectations for the future.

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A new report from consulting firm Oliver Wyman and insurtech investor Policen Direkt analyzes insurtech business models worldwide and pinpoints winners and losers.

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Cliff Sheng, Partner and Head of Financial Services, Greater China, Oliver Wyman

Contact

Notwithstanding the tremendous scope and opportunity for certain simple products — such as travel insurance and shipping return insurance — in the Chinese insurtech market, several products such as auto insurance and universal life insurance face uncertainties owing to the following four factors:

Continue reading…

Cliff Sheng, Partner and Head of Financial Services, Greater China, Oliver Wyman

Contact

Insurtech is revolutionizing the insurance industry by bringing disruptive products and services to a market that is fast adopting, and increasingly moving toward, an online ecosystem. The market is also seeing a surge in the number of people who are aware of and are starting to understand the benefits of insurance.

Continue reading…

Cliff Sheng, Partner and Head of Financial Services, Greater China, Oliver Wyman

Contact

China’s capital markets aren’t yet mature enough to support financial innovation; meanwhile, existing state-owned financial institutions are not reforming quickly enough. This gap in supply has provided opportunities for Chinese fintech players — who are being supported by rapidly growing online ecosystems and a tech-savvy population — in diverse fields ranging from investing to payments.

Continue reading…