The insurtech industry is expected to rebound in 2024, particularly in Asia, following a downturn in European deal activity in 2023. This resurgence is driven by the sector’s recent maturation and significant funding, as noted by Benjamin Deplus of Breega. Marat Nevretdinov, CEO of HDI Embedded, emphasises the shift in focus to Asian and Latin American markets, citing the potential in underinsured populations and evolving digital landscapes. This pivot to Asia is seen as a response to the challenges faced in Europe, with the region offering new opportunities for growth in areas such as cyber-insurance and AI. The industry’s expansion in Asia signifies a promising future, marked by increased investments and partnerships in these emerging markets.
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