Singapore set to blaze digital innovation trail for insurance in Asia

Singapore

SINGAPORE is primed to lead the way in the insurance industry's digital revolution in Asia with the help of British insurer Aviva plc, which has a headstart in this area.

It follows an agreement between the British government and the Monetary Authority of Singapore to collaborate and promote digital innovation initiatives in insurance, here and across Asia.

The two governments, along with Aviva - the first insurer to be part of this - have signed a statement of intent to develop new business models, products, processes and channels to meet consume…