Singapore and other markets in emerging Asia are set to lead global insurance growth in the next decade, with premiums projected to grow at least 9% – three times as fast than the world average of 3% – over the next two years, according to a recent report by reinsurance provider Swiss Re Institute.
“The landscape we know is changing fast – but it’s actually changing faster (than what we think),” was what Walter de Oude, CEO of five-year-old fintech startup Singapore Life, observed at the recent Oracle OpenWorld Asia event held at Singapore’s Marina Bay Sands.
As Singapore’s first...