How Insurtech Can Close the Protection Gap in Emerging Markets

Insurance technology, better known as Insurtech, is a rapidly growing industry that is beginning to disrupt traditional insurance provision in advanced and emerging economies alike, and is creating opportunities and challenges for incumbents, start...

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Main Author:	Holliday, Susan
Format:	Brief
Language:	English
Published:	International Finance Corporation, Washington, DC 2019
Subjects:	ACCESS TO FINANCE EMERGING MARKET ECONOMIES INSURANCE INSURANCE TECHNOLOGY INSURTECH ONLINE BANKING DIGITAL FINANCIAL SERVICES
Online Access:	http://documents.worldbank.org/curated/en/755881567673936316/How-Insurtech-Can-Close-the-Protection-Gap-in-Emerging-Markets http://hdl.handle.net/10986/32366

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spelling	okr-10986-323662021-05-25T10:54:44Z How Insurtech Can Close the Protection Gap in Emerging Markets Holliday, Susan ACCESS TO FINANCE EMERGING MARKET ECONOMIES INSURANCE INSURANCE TECHNOLOGY INSURTECH ONLINE BANKING DIGITAL FINANCIAL SERVICES Insurance technology, better known as Insurtech, is a rapidly growing industry that is beginning to disrupt traditional insurance provision in advanced and emerging economies alike, and is creating opportunities and challenges for incumbents, start-ups, and investors. The opportunity offered by insurtech is particularly significant in emerging markets, where a large protection gap exists due to low insurance penetration. This has major development implications due to the fact that economic growth and insurance penetration are closely intertwined. Technology and new business models are necessary to close the protection gap in these markets, and companies will need to be able to innovate - either internally, by partnerships, or by investing - to seize the opportunity. 2019-09-10T21:21:54Z 2019-09-10T21:21:54Z 2019-08 Brief http://documents.worldbank.org/curated/en/755881567673936316/How-Insurtech-Can-Close-the-Protection-Gap-in-Emerging-Markets http://hdl.handle.net/10986/32366 English EMCompass,no. 70; CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation International Finance Corporation, Washington, DC Publications & Research Publications & Research :: Brief
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCESS TO FINANCE EMERGING MARKET ECONOMIES INSURANCE INSURANCE TECHNOLOGY INSURTECH ONLINE BANKING DIGITAL FINANCIAL SERVICES
spellingShingle	ACCESS TO FINANCE EMERGING MARKET ECONOMIES INSURANCE INSURANCE TECHNOLOGY INSURTECH ONLINE BANKING DIGITAL FINANCIAL SERVICES Holliday, Susan How Insurtech Can Close the Protection Gap in Emerging Markets
relation	EMCompass,no. 70;
description	Insurance technology, better known as Insurtech, is a rapidly growing industry that is beginning to disrupt traditional insurance provision in advanced and emerging economies alike, and is creating opportunities and challenges for incumbents, start-ups, and investors. The opportunity offered by insurtech is particularly significant in emerging markets, where a large protection gap exists due to low insurance penetration. This has major development implications due to the fact that economic growth and insurance penetration are closely intertwined. Technology and new business models are necessary to close the protection gap in these markets, and companies will need to be able to innovate - either internally, by partnerships, or by investing - to seize the opportunity.
format	Brief
author	Holliday, Susan
author_facet	Holliday, Susan
author_sort	Holliday, Susan
title	How Insurtech Can Close the Protection Gap in Emerging Markets
title_short	How Insurtech Can Close the Protection Gap in Emerging Markets
title_full	How Insurtech Can Close the Protection Gap in Emerging Markets
title_fullStr	How Insurtech Can Close the Protection Gap in Emerging Markets
title_full_unstemmed	How Insurtech Can Close the Protection Gap in Emerging Markets
title_sort	how insurtech can close the protection gap in emerging markets
publisher	International Finance Corporation, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/755881567673936316/How-Insurtech-Can-Close-the-Protection-Gap-in-Emerging-Markets http://hdl.handle.net/10986/32366
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How Insurtech Can Close the Protection Gap in Emerging Markets

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