The life insurance industry underwent dramatic changes through 2021. An industry once reliant on high-touch and manual process reinvented itself with the adoption of new technologies. These changes have knock-on effects on customer expectations, operating cost structures and business model.
As the demand for no-medical-exam life insurance policies grows, insurers need to take advantage of data analytics, predictive modelling, machine learning and AI to streamline their underwriting process and classify risk more effectively. Automation and digitalization have also driven rapid growth in embedded insurance, opening significant opportunities to create value for customers and presenting the future of insurance distribution. Will embedded insurance overturn the ‘sold and not bought’ mantra? Could the growth be permanent?
Returning as an in-person event, the Asia Life Insurance Summit, set to take place in Singapore in August, will look to address critical issues and challenges facing Asia's life insurance markets today, and explore ways to gain a competitive advantage and be a winner in the decade to come.
Oliver Wyman Sessions
August 24 10:10 – 10:40
Blockchain / Web3 applications in life and health insurance
- Tek Yew Chia, Head of Insurance, Asia Pacific and Vice Chairman, Singapore, Oliver Wyman
August 24 15:30 – 16:30
Panel: Driving positive disruption in the life insurance industry
- Moderator: Ajit Rochlani, Principal, Insurance, Oliver Wyman
- Ran Wang, Head of Southeast Asia, RGAX
- Abhishek Rathi, Vice President, Digital Solutions & Customer Engagement, Prudential Financial
- Dr Karl Ricanek Jr, Co-Founder & CEO, Lapetus Solutions, Inc.
August 25 11:10 – 12:10
Panel: Can embedded insurance drive growth and value for life insurance?
- Moderator: Allwyn Barreto, Partner, Insurance, Oliver Wyman
- Indira Gopalakrishna, CEO, Inclusivity Solutions
- Rajat Sharma, Chief Revenue Officer of InsureMO, eBaoTech
August 25 15:00 - 15:30
Have Bancassurance partnerships achieved original ambitions?
- Allwyn Barreto, Partner, Insurance, Oliver Wyman
About the Organizer
Asia Insurance Review was launched in January 1991 to meet the information needs of insurance practitioners in Asia in particular and the rest of the world in general. It quickly became the premier and comprehensive professional regional magazine, read by all the key decision makers and readers in the insurance industry in Asia from Australia, Bangladesh, Brunei, Cambodia, China, Fiji, Hong Kong, India, Indonesia, Japan, Korea, Macau, Malaysia, Myanmar, Nepal, New Zealand, Pakistan, Papua New Guinea, the Philippines, Singapore, Sri Lanka, Taiwan, Thailand, Vietnam, etc.