Strategy Note /
China

A glance at Ant Group and Tencent's insurance technology ventures

  • In China, the insurance penetration rate-2.7%, & premium per capita-USD 47, are both lagging, leaving room for potential

  • Chinese Big Tech is seizing this opportunity and the competition is just getting started

  • The development of Insurtech was driven by changes in customer behavior, technology advancements & supportive policies

Yiru Qian
EqualOcean
16 August 2021
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