Asia: Reinventing life business in the smart era
Source: Asia Insurance Review | Jun 2016
The life insurance market in Asia continues to boom and is the envy of the world but the sector is at a crossroad, with startups seeking to disrupt the status quo in this smart era through the use of technology and Big Data to enhance user experience, engage consumers, reach consumers and to revolutionise the way business is underwritten.
All these, in addition to the traditional challenges faced by life insurers such as a new and more challenging business environment where competition is intense; consumers becoming increasingly sophisticated and the need to manage diverse distribution channels to succeed.
Hence, CEOs need to refocus their strategic insights and vision to be a smart insurer to optimise the opportunities out there.
Summit to stay relevant for the future
Hear from leading experts and key players addressing critical issues and key challenges facing the life insurance markets in Asia today with concrete solutions to enable insurers to reach out to the masses in a relevant fashion to make insurance bought and not sold, at 6th Asia Life Insurance Summit organised by Asia Insurance Review.
There will also be discussions on responding to the changing needs of policyholders through product innovation and branding, optimising distribution models, the need to cover protection gaps in the life cycles of individuals, and changes in the regulatory landscape as well as strategies to drive business in the changing environment.
The two-day summit on 11-12 July 2016 in Singapore will also provide case studies to draw lessons from past failures and success stories. This is a Summit to stay relevant for the future.