Life Insurance 2 You

Bringing Insurance to Life

Tag: Jack Ma

Life Insurance Industry: What is the Future Like?

The Life Insurance Industry Premium growth more than 6% in 2019 in Malaysia

In 2017 – 4.2%
In 2018 – 4.6%
In 2019 – 6%

Premium Global Growth in Asia (Excluding Japan)

2017 – Growth is 81% of Global
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The World According to Ma

Here is a comparison between Critical illness Coverage in Malaysia and Jack Ma’s ANT Financial:

  ANT Financial (Xian Hu Bao) Malaysia
Sum Assured RM 183,947 RM 183,947
Annual Premium .6 ¢ (For every Claim of Critical illness) RM 9,000
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Disruption in the Industry

Disruption: In business theory, a disruptive innovation is an innovation that creates a new market and value network and eventually disrupts an existing market and value network, displacing established market-leading firms, products, and alliances. (Source: Wikipedia)

Technical or digital disruption … Read more