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Jul 2022

The future of insurance

Source: Asia Insurance Review | Dec 2021

Insurance is a 300-year-old industry with traditional and legacy tech, products, structures, business models and personnel. Meanwhile, a wide swathe of the global population is uninsured and underinsured. The numbers are more pronounced in Southeast Asia, with countries like Indonesia, Vietnam and the Philippines registering insurance penetration rates of under 1% against the global average of 4.1%, says Igloo’s Mr Raunak Mehta.

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