China's insurtech market could be worth in excess of $211bn by 2021, according to a report from Oliver Wyman. The space will be driven by technologies such as blockchain and the use of artificial intelligence, the report showed. China's insurtech space will likely grow through 2:55pm channels, according to the report: selling insurance coverage via the internet, enhancing products using existing technologies, and the creation of innovative products through the use of big data and cloud computing.
China's insurtech market could be worth in excess of $211bn by 2021, according to a report from Oliver Wyman. The space will be driven by technologies such as blockchain and the use of artificial intelligence, the report showed. China's insurtech space will likely grow through three channels, according to the report: selling insurance coverage via the internet, enhancing products using existing technologies, and the creation of innovative products through the use of big data and cloud computing.