Wall Street Journal: Cliff Sheng on Insuretech in China
Nov 7, 2017
Oliver Wyman partner Cliff Sheng was quoted in a Wall Street Journal story titled “Chinese Tech Giants Target the Next Frontier in Online Insurance: Life.” The article explores the growth potential of the Chinese life insurance market especially among the younger generation of consumers.
Companies looking to break into the online life-insurance market could do so by initially selling simple variations such as policies that cover loan payments if borrowers die or become disabled, said Cliff Sheng, a partner at consultancy Oliver Wyman. “Online distribution of traditional life products is obviously more difficult,” he said.
To read the entire article, please click here.