TECHNOLOGY
shown immense interest in insurance through their recent partnerships ,” he says .
“ With the amount of customer data they have , the agility they have and the digital platforms they have , clearly it ' s massive competition knocking at our doors to disrupt our own market .
“ Nonetheless , there is a lot of potential for growth and I think there are essentially three areas where I think we see the growth . Firstly , we still see a lot of growth in a high network business . Secondly , we see growth on the health insurance side , where governments have taken initiatives about enforcing mandatory health insurance . Thirdly , we see a lot of potential in digital insurance for simple products ,” concludes Sarda .
“ At the same time , we continue to see that our existing channels of advisors will continue to exist in the ecosystem for us to be able to sell more complicated and more financially advanced products to their clients . Both will therefore coexist .”
117
asia . businesschief . com