Oliver Wyman presented InsureTech Connect 2016 October 5-6 at the Las Vegas Convention Center. This inaugural event engaged more than 1,500 entrepreneurs, investors, and insurance executives in solving cutting-edge problems facing the sector today.
The insurance sector faces a collision of trends, some of which are driven by technology and some of which are socio-economic in natureMatt Leonard, Partner, Oliver Wyman
In the InsureTech world, traditional labels such as "insurer," "broker," "wholesaler," and "reinsurer" no longer applyPrashanth Gangu, Partner, Oliver Wyman
For more information, contact Oliver Wyman Partner Matt Leonard at firstname.lastname@example.org.
During InsureTech Connect 2016, Oliver Wyman launched a joint report with ZhongAn, China’s first online-only insurer, about the opportunities in the Chinese InsureTech market.
In China, an underdeveloped insurance market enjoying double-digit growth, the disruptions triggered by InsureTech are causing an insurance industry revolution. One reason for the impact is the fast adoption and heavy use of online ecosystems by the Chinese. In addition, InsureTech is underpinned by a regulatory environment supportive of innovation.
The result has been a surge in new InsureTech players creating disruptive products, services, and business models. Some of these are integrating insurance products into online ecosystems and fostering groundbreaking innovations.
Watch a snippet from Oliver Wyman Partner Prashanth Gangu's exclusive interview with John Bi, the Chief Financial Officer of ZhongAn, China’s first online-only insurer. The interview was recorded live from the floor of the Las Vegas Convention Center during InsureTech Connect 2016.