One of PolicyStreet co-founders attended Techsauce Global Summit held at Centara Grand, Bangkok on the 28th and 29th July 2017.
InsurTech was also brightly featured at the Summit. Muang Thai Life Assurance Head of Fuchsia Innovation Centre Nadia Suttikulpanich said it blatantly that people just don’t find insurance relevant in their daily life right now, or only when it’s too late. 4% market penetration of insurance products in Thailand proves that the market itself presents a huge opportunity. They are currently experimenting on biohacking the industry through DNA testing, AI/Machine Learning, social monitoring, and also other demand-led propositions like on-demand and personalized insurance via collaboration with startups of various verticals like healthcare, insurance, and education.
Overall, Techsauce is the testament that both global giant corporations and startups can coexist in the same space and how startups play a vital role in corporate digital transformation.