EP 222 – Jack Xia – Chief Actuary at Igloo – Using Math and Statistics to Predict and Manage Financial Risk

Asia InsurTech Podcast

The world of InsurTech continues to rapidly evolve, driven by technological advancements, innovative products, and a push to expand insurance penetration in emerging markets. The podcast was joined by Jack Xia, the Chief Actuary at Igloo, who shed light on several critical insights into the InsurTech landscape, particularly in Southeast Asia.

Jack explored how Igloo leverages AI to transform insurance offerings, from automating policies to introducing microinsurance products that cater to the unmet needs of emerging markets.

Jack also sheds light on the challenges and successes of introducing novel products like weather index insurance for farmers in Vietnam, highlighting the importance of adapting and educating the market.

By embracing technology, focusing on education, and continuously innovating, InsurTechs are not only redefining the role of insurance in people’s lives but are also paving the way for a more inclusive and accessible insurance ecosystem globally.

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