InsurTech will be biggest winner from tech advancement

Within the FinTech sectors, InsurTech stands to gain most from the rise of technology, according to Monetary Authority of Singapore chief FinTech officer Sopnendu Mohanty in his opening remarks at the InsureTech Connect Asia Virtual Event earlier today.

Mr Mohanty was optimistic about the prospects of the industry given the massive investment in the sector in recent years, which he described as being ‘awesome’.