The "digital wallet race" intensifies as banks and fintechs around the world invest in insurance: chubb survey

Strong consumer demand accelerating adoption of digital insurance offerings globally, with latin america and asia leading the pack and north america playing catch-up banks and fintechs are bullish on embedded insurance: majority expect offerings to comprise 10% or more of revenue in just three years new york , aug. 16, 2023 /prnewswire/ -- a new survey from chubb, the world's largest publicly traded property and casualty insurance company, reveals that a majority (56%) of financial executives involved in insurance decision-making globally expect to generate more than 10% of their revenue from embedded insurance within three years. today, just one in five firms reports that level of revenue.
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