Asia: Online P&C personal lines could tip $7.5bn over next five years
Source: Asia Insurance Review | Nov 2021
The digital P&C personal lines market could reach a cumulative $7.5bn in premiums over the next five years in South and Southeast Asia according to recent research.
The research survey by Swiss Re Institute was undertaken across South and Southeast Asia to understand attitudes towards buying personal lines insurance (home, personal accident and employment) online. In the first research of its kind, ‘Digital adoption in personal P&C insurance in South and Southeast Asia, Swiss Re polled 5,600 consumers in six countries – India, Singapore, Malaysia, Indonesia, Thailand and Vietnam. A