How Can Digital Insurers Overcome Their Deficits?
Digital insurers are struggling to meet expectations. Recent data shows that five digital insurers have significantly expanded their net losses compared to last year. Digital insurers are struggling to meet expectations. Recent data shows that five digital insurers have significantly expanded their net losses compared to last year. To overcome these deficits, they need to diversify their product portfolios and enhance their sales channels. Let's explore the challenges faced by digital insurers and their strategies for the future. Digital insurers were expected to play a disruptive role in the insurance industry, driving innovation. However, they have struggled to achieve notable results. From Kyobo Lifeplanet to Kakao Pay Insurance and Shinhan EZ General Insurance, no company has shown remarkable performance since their inception. Instead, they continue to face widening deficits. Why Are Digital Insurers' Losses Increasing? The five digital insurers — Carrot General Insurance, ...