Market Share of Asia-Pacific InsurTech Industry
The APAC insurtech market is highly fragmented, with many players operating in the market. Across Asia-Pacific countries, there are about 330 insurtech businesses in operation. In the region, China and India account for about half of all private insurtech companies and have drawn nearly 78% of venture capital investments. India is now the second-largest insurance market in the region, home to 66 insurance companies. ZhongAn Insurance, SingLife, CXA Group, CoverFox Insurance, and PolicyPal are some of the leading companies in the regional market.
Asia-Pacific InsurTech Market Leaders
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ZhongAn Insurance
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SIngLife
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CXA Group
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CoverFox Insurance
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PolicyPal
*Disclaimer: Major Players sorted in no particular order