In this era of globalization, insurance companies and financial institutions must adapt on fully digital process in order to attract the younger generations. Insurance as a Service has become a rising trend in both developed and emerging countries.
Vietnam has a relatively low insurance penetration on their GDP, but don’t let it fools you. Vietnam Insurance industry has shown a strong growth in the past decade, growing with an average growth of more than 20% in the past 5 years, makes it one of the fastest growing insurance industry in the world.
FIRIS have an extensive experience with digital business and insurtech platform. Since 2017, FIRIS have been working closely with an Insurtech company bringing an end-to-end solution for insurance companies, banks and brokers for the first time in Vietnam.