Insurance Aggregators in Asia – Set to grow rapidly – review the webinar
Our recent webinar on the theme of Aggregators was very well attended, thank you to all of you who attended live. This was our first webinar in our Digital Insurance in Action series, sponsored by KPMG. If you missed it, you can view the replay below for a limited time.
Our two speakers, Andre Hesselink, CEO of GoBear and Gerald Eder, Managing Partner of Compare Asia Group, presented us with some great insights on the aggregator market in Asia, including a look at their respective companies’ models.
We also had a really engaging Q&A session where participants were able to pose their questions to our panel of speakers. Some of the questions we covered are:
- What are the biggest challenges your companies are facing over the next 12 months (posed to Andre and Gerald)
- What is your response to aggregators being a “necessary evil” in today’s insurance industry?
- Why have some markets adoped the aggregator model more than others and what does that mean for Asia?
- Is there a role of aggregators in life insurance?
The webinar concluded with a snap poll to participants who were asked the following question:
What percentage of the car insurance market do you think will be accounted for by aggregators by 2020?
As you can see from the chart below, the responses were pretty conclusive, with 54% of respondents thinking that aggregators will account for 30-50% of the ASEAN car insurance market by 2020. A further 42% thought that they will account for 10-30% of the market with zero respondents responding with less than 10% of the market. Our professional audience certainly think aggregators will grow rapidly from their current base.
Keep tuning into The Digital Insurer to see if these predictions come true over the next few years!
View the replay of the full webinar here