InsurTech Magazine January 2022 | Page 12

THE BRIEF

“ THE MAIN BENEFITS OF BLOCKCHAIN USE IN INSURTECH ARE TO IMPROVE TRANSPARENCY , PREVENT FRAUD , AND SAVE TIME ”
Paul Sherman Chief Marketing Officer , Olive . com �

BY THE NUMBERS

We asked you : Which insurtech emerging market will lead the pack in 2022 ?

15 % Other

23 % Africa

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“ WHEN IT COMES TO RECORDING EACH PARTNERSHIP IN WRITING , THE DEVIL REALLY IS IN THE DETAILS ”
RACHEL HILLIER Regulatory Lawyer and Financial Services Team Leader , Capital Law �
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31 % Indonesia

31 % Latin America

“ TECHNOLOGY SIGNIFICANTLY CHANGES EVERY SIX TO TWELVE MONTHS , SO A KEY STRATEGIC FUNCTION OF BUSINESSES MUST BE REALISING HOW THOSE CHANGES WILL IMPACT WORK PROCESSES AND SOCIETY AT LARGE ”
Jean-Marc Boxus Associate Director , BCG Platinion �
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SLUSH FUND Funding for insurtech startups is skyrocketing after a recent report showed the global investments hit US $ 5.3bn in Q3 2021
China Times THE CHINESE INSURANCE INDUSTRY IS ON TRACK TO BE WORTH $ 313BN BY 2025 AND HAS A CAGR OF 9.5 %
TECHNOLOGY TRENDS According to a report by Capgemini , 67 % of UAE-based insurers are keen to collaborate with insurtechs , while 85 % want to partner with technology providers
12 January 2022