Analyse Asia With Bernard Leong

InsurTech in the Asia Pacific with George Kesselman

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Synopsis

"So there's a tremendous amount of friction that exists there because I think we're still at the point where we're. We're using traditional insurance products that have been invented in the 1970s and trying to add this digital layer on top of it. So where InsureTech has struggled, I would say, is unless there is a significant amount of product innovation. It's very hard to really optimize the product. So, becoming a full stack was one of the hypotheses that the InsureTechs pursued, and we've seen those take off quite well in states in China, and now India is another market that's really progressing very well." - George Kesselman   Fresh of the studio, George Kesselman, the president & founder of Insurtech Asia Association, joined us to discuss the intersection of insurance and technology in the Asia Pacific. We began with George's work in the insurtech industry from a start-up co-founder to a corporate executive in a leading Chinese firm within the Asia Pacific region. Then he dived deeper into the challe