Page 4 - சிங்கப்பூர் ஃபிண்டெக் சங்கம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

  It’s not about the cards you’re dealt, but how you play the hand. That would be an accurate depiction of the insurtech industry in Singapore. Insurance has been a tough nut to crack, especially in the city-state. Singapore is home to one of the highest saturated insurance markets globally – measured by gross written premiums (GWP) as a percentage of per-capita gross domestic product (GDP). A report by Bain showed incumbents accounted for more than 45 per cent of GWP and annual growth was at 1 per cent for the general insurance market. Furthermore, traditional distribution channels through agents and financial advisors remain the preferred avenue for local consumers to purchase their policies.

Hong kongSingapore fintech associationInsurance authorityRichard li pacific century groupMonetary authority of singaporeEinsurance reportImage creditSingapore fintechPacific century groupTransit insurance planFintech regulatory sandboxMonetary authorityFast trackGreat easternஹாங் காங்சிங்கப்பூர் ஃபிண்டெக் சங்கம்