Asia is outpacing the rest of the world in terms of insurtech adoption , according to Stephen O’Hearn , global insurance leader at large A lack of healthcare infrastructure in the region is forcing insurance companies to adopt new technologies more easily , according to a recent PwC report . Asian consumers are also more comfortable using mobile phones than the rest of the world , particularly O'Hearn , with platforms like WeChat , which enables a host of transactions , commonly used .
Asia is outpacing the rest of the world in terms of insurtech adoption, according to Stephen O’Hearn, global insurance leader at PwC. A lack of legacy infrastructure in the region is allowing insurance firms to adopt new technologies more easily, according to a recent PwC report. Asian consumers are also more comfortable using mobile applications than the rest of the world, noted O'Hearn, with platforms like WeChat, which enables a host of transactions, commonly used.