A Glance at Ant Group and Tencent's Insurance Technology Ventures
The wave of fintech has spread to the insurance industry, giving rise to the 'Insurtech' and the related niche markets. However, in China, the insurance penetration rate (2.7%) and premium per capita (USD 47) are both lagging, leaving much room for potential. Chinese Big Tech is seizing this opportunity and the competition is just getting started.
Aug 11, 2021 04:44 PM