2018 Digital Insurance in China Review
Editorial by Hugh Terry
This month we take a look back at the major developments of 2018 and select the most progressive InsurTechs that have emerged from China. Although the past year was characterised by continued optimism with regard to digital insurance, several notable regulatory actions and a more cautious VC approach have signaled that the honeymoon is over and only those with sustainable business models will be able to succeed in the long term. Additionally, we speak to RGAX’s Asia managing director, Leo Wong, about how he views the development of digital insurance in China. RGAX is the global business innovation accelerator of Reinsurance Group of America (RGA). Based in Shanghai and Hong Kong, Leo leads a team that invests in, incubates, and grows new insurance industry-focused ventures in machine learning, life sciences, InsurTech, and data analytics.
Your digitally,
Hugh Terry
The Digital Insurer
CHINA IN-DEPTH - 2018 in review
A look back on the major developments from the Chinese InsurTech and digital insurance market in 2018.
Spotlight Articles
Interview: Leo Wong, RGAX
This month we speak to Leo Wong, managing director Asia at RGAX, the innovation unit of RGA, which has just set up operations in Asia.
InsurTech of the year: Shuidibao
Medical insurance platform Shuidibao has pioneered a new method of marketing and acquiring new customer registrations on WeChat.
Latest News
Zhong An embraces blockchain
ZhongAn’s new blockchain arm is developing a blockchain-based open platform for insurance transactions in order to facilitate the growth of an insurance industry ecosystem.
Ping An Ventures
Ping An Ventures, a $150 million USD fund, is actively investing across fintech, e-commerce marketplaces and digital health solutions.
Neosurance
Italy based Neosurance has created a platform which enables insurers to deliver scenario based tailored policies.
DigitalRisks
Digital Risks offers coverage against the rising threat of cyber-crime and data breaches.
XL Innovate
XL Innovate is a corporate venture fund focused on the P&C vertical and investing in startups that are addressing emerging and underserved risks.
Mass Mutual
A $100 million fund established in 2015, is actively investing in and partnering with genetic, data analytics, cyber security, digital health and enterprise software.