How InsurTech Empowers Incumbents Exploration InsurTechInvolvement Incumbents are actively monitoring Working with startups and fast growing new trends and innovations. Many of technology companies, whether this is these have established a presence in through open innovation programs or key innovation hubs to learn about through strategic partnerships, will the latest trends and technologies. enable insurance companies to learn and innovate at a faster pace. CH Sandbox testing New Product Development TE N I Setting up sandbox environments will Involvement in InsurTech will help F F enable incumbents test solutions and incumbents rethink the way that they O analyse results while minimizing risks. deliver products and services by taking a TE customer centric view. TA S E TH The Future of FinTech in Asia Pacific: InsurTech 72