InsurTech M&As in Asia Surge in 2017, Three Times That of 2016 – Willis Towers Watson Study
The total transaction volume of InsurTech M&As in
The fourth Quarterly InsurTech Briefing, produced by
"Investments have picked up especially in the areas of artificial intelligence, automation, process enhancement and customer engagement as companies hope to drive further efficiencies in business operations," says
The popularity of data and analytics comes from the natural connection between data, peoples' lifestyles, and their corresponding insurance needs, according to
"Thanks to advances in technology, now a growing abundance of data is available enabling insurers to use sophisticated data analytics to reward people who live a healthy lifestyle," says
Turning to specific markets, China and
"As companies seek InsurTech transactions to tap new technologies, they are looking mostly to
Among the high profile transactions was
Another example was Singapore Life, which received a capital injection from
Both
Meanwhile, last February,
The increase in deal activities in
View the Willis Towers Watson InsurTech Briefing Q4 2017 report here (https://www.willistowerswatson.com/en/insights/2018/01/quarterly-insurtech-briefing-q4-2017).
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