Emerging markets with a growing middle class are gaining more traction when it comes to InsurTech ventures (e.g. p2p risk sharing) than the western market. We have already seen this reversal in the trend of technology adoption when it comes to mobile and digital innovation. Will the Future of Insurance be defined by the emerging market rather than the western market?
China & India may define the future of Insurance and InsurTech
Image courtesy of Futures Group A major thesis at Daily Fintech is that digital financial inclusion is driving what we call "first the Rest then the West". This reversal of the flow of innovation is a big 21st century megatrend. We have already described this happening in mobile payments thanks to real consumer needs and a leapfrogging over…
Join in on the conversation with Shruthi Raman when you subscribe to Future of Financial Services.