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Insurance in APAC: Navigate the new



Although the COVID-19 pandemic has affected insurance globally, we are bullish on the prospects for APAC's insurance market: recovery in many APAC markets is ahead of the world, while demographic change and relatively low insurance penetration levels provide further optimism about the potential. for growth.

That said, insurance companies in APAC – the world's largest life insurance market and its second largest general insurance market – have a lot to do, especially when it comes to using technology to improve product design, product delivery and customer service.

In short, they need to better understand changing consumer demands. They can achieve this by using data better and by looking at cross-industry bundling of products and services ̵

1; suggestions that, according to our research, that their customers are open to receiving.

Technical solutions such as artificial intelligence, data analysis and cloud services will prove to be invaluable in improving the delivery of products and services and will make these offerings more accessible.

Want to know more about how APAC insurance companies can survive and thrive? Click here to read our comprehensive new paper entitled "Insurance in APAC: Navigate the new".

Click / press to read our comprehensive report.

Subscribe for more from Accenture Insurance. [19659002] Disclaimer: This document is for general information purposes only, does not take into account the reader's specific circumstances and may not reflect recent developments. Accenture disclaims, to the extent permitted by applicable law, all responsibility for the accuracy and completeness of the information in this presentation and for any acts or omissions made based on such information. Accenture does not provide legal, regulatory, auditing or tax advice. Readers are responsible for obtaining such advice from their own legal counsel or other licensed personnel.


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