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Follow on Google News | Asia's FinTech Boom through InsurTechBy: Yang Braxter It is estimated that Asia Pacific will have 42% of global insurance premiums. Of the Asian countries, China will be holding the lion's share of the market that total to 20% of the total by mid-2030. Singapore is regarded as the Insurtech nucleus of South East Asia. Singapore is the Insurtech power house that supports almost 80 start-ups. The major player in the Singapore Insurtech market include Singapore Life (Singlife) that supplied digital life insurance services, GoBear a site that compares insurance plans, Inzsure offering on-demand coporate insurance solutions and Symbo a digital insurance platform for all lines insurance business. In the Asia Pacific region, China has been pioneering the insurance innovation field. China has colossal platforms and far-reaching ecosystem alongside giant techies in the FinTech market like Alibaba and Tencent, who have contentedly made a huge impact in the Asian market. End
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