Accelerated digitalisation triggered by the pandemic, is undoubtedly redefining the insurance market, both globally and locally. Growth opportunities continue for both incumbent players and entrants in this climate, ahead of Bank Negara Malaysia (BNM)'s plans to license new Digital Insurers and Takaful Operators (DITOs) in 2023.
'What makes a winner? A PwC overview of the Digital Insurance and Takaful landscape in Malaysia', shares the way forward for insurers in Malaysia including investing in data and integration, distribution via a connected ecosystem, superior and innovative products, strategic partnerships and effective structuring.
The publication reflects on the winning attributes among DITOs, in view of BNM's current plans to finalise a regulatory framework for DITOs. It highlights several use cases on employing technology to achieve competitive advantage based on the guiding value propositions proposed by BNM.
Accelerated by the COVID-19 pandemic, embracing digital opportunities and considering new digital business models is now an urgent need with Bank Negara Malaysia's (BNM) introduction of the Licensing Framework for Digital Insurers and Takaful Operators (DITO). Explore what it takes for insurtechs and DITOs to be...
Globally, various measures have been taken to contain COVID-19. These have led to unexpected consequences worldwide including significant volatilities in the financial markets across many countries, including Malaysia.
Our Insurance practice helps insurers, insurtech companies, takaful operators and DITOs look beyond the traditional boundaries of the insurance business to embrace digital transformation, new ways of working, new ways of interacting with customers, and whole new possibilities in what their business can deliver.
Understand the Environmental, Social and Governance framework in the Asia Pacific insurance industry.
